MELI has been the topic of a number of other research reports. BidaskClub lowered MercadoLibre from a strong-buy rating to a buy rating in a research note on Tuesday, March 20th. Zacks Investment Research lowered MercadoLibre from a hold rating to a strong sell rating in a research note on Tuesday, March 27th. Stifel Nicolaus reaffirmed a buy rating and set a $415.00 price objective (up previously from $350.00) on shares of MercadoLibre in a research note on Sunday, January 28th. Credit Suisse Group reaffirmed an outperform rating and set a $385.00 price objective (up previously from $380.00) on shares of MercadoLibre in a research note on Monday, January 8th. Finally, TheStreet lowered MercadoLibre from a b rating to a c rating in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $341.12.
MELI opened at $337.54 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.96. The firm has a market cap of $14,253.11, a P/E ratio of 127.08 and a beta of 2.07. MercadoLibre has a 52 week low of $217.06 and a 52 week high of $417.91.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KAMES CAPITAL plc purchased a new position in MercadoLibre during the fourth quarter worth about $49,860,000. USS Investment Management Ltd purchased a new position in shares of MercadoLibre in the 4th quarter worth about $26,276,000. Global X Management Co. LLC raised its holdings in shares of MercadoLibre by 20.0% in the 4th quarter. Global X Management Co. LLC now owns 155,469 shares of the company’s stock worth $48,920,000 after purchasing an additional 25,904 shares during the period. Jennison Associates LLC raised its holdings in shares of MercadoLibre by 9.4% in the 4th quarter. Jennison Associates LLC now owns 831,137 shares of the company’s stock worth $261,526,000 after purchasing an additional 71,206 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC raised its holdings in shares of MercadoLibre by 2.3% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 131,884 shares of the company’s stock worth $41,499,000 after purchasing an additional 2,932 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.
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MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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