MercadoLibre, Inc. (NASDAQ:MELI) had its price target trimmed by Barclays PLC from $275.00 to $250.00 in a research note released on Monday, October 30th. The brokerage currently has an overweight rating on the stock.
Several other equities analysts have also recently commented on the stock. Piper Jaffray Companies reissued a buy rating and issued a $268.00 price target on shares of MercadoLibre in a research report on Monday, October 23rd. Susquehanna Bancshares Inc reissued a market perform rating and issued a $275.00 price target on shares of MercadoLibre in a research report on Tuesday, August 1st. Credit Suisse Group AG reaffirmed a buy rating and set a $290.00 price objective on shares of MercadoLibre in a research report on Friday, July 7th. BidaskClub raised shares of MercadoLibre from a hold rating to a buy rating in a research report on Sunday, July 16th. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $275.00 price objective on shares of MercadoLibre in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $271.21.
MercadoLibre (NASDAQ MELI) opened at $262.49 on Monday. The firm has a market cap of $11,660.00, a PE ratio of 77.39, a P/E/G ratio of 4.40 and a beta of 2.04. MercadoLibre has a 12 month low of $148.98 and a 12 month high of $297.95. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76.
MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. The business had revenue of $370.66 million during the quarter, compared to the consensus estimate of $347.29 million. MercadoLibre had a net margin of 10.91% and a return on equity of 34.78%. The business’s revenue was up 60.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. equities analysts anticipate that MercadoLibre will post 2.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, December 28th. MercadoLibre’s dividend payout ratio is currently 19.93%.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in shares of MercadoLibre during the first quarter valued at approximately $106,000. Smithfield Trust Co. lifted its stake in shares of MercadoLibre by 1,025.0% during the third quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock valued at $116,000 after buying an additional 410 shares during the period. Toronto Dominion Bank increased its position in MercadoLibre by 18.4% during the second quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after purchasing an additional 80 shares during the last quarter. Pacer Advisors Inc. acquired a new position in MercadoLibre during the second quarter worth approximately $146,000. Finally, Ameritas Investment Partners Inc. acquired a new position in MercadoLibre during the second quarter worth approximately $198,000. 84.57% of the stock is currently owned by institutional investors.
MercadoLibre Company Profile
MercadoLibre, Inc is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).
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