MercadoLibre (NASDAQ:MELI) Downgraded to “Sell” at BidaskClub

BidaskClub cut shares of MercadoLibre (NASDAQ:MELI) from a hold rating to a sell rating in a research note published on Saturday, April 14th.

A number of other analysts have also recently commented on MELI. Citigroup cut MercadoLibre from a neutral rating to a sell rating and set a $230.00 price objective for the company. in a research report on Wednesday, December 20th. Deutsche Bank set a $335.00 price objective on MercadoLibre and gave the stock a hold rating in a research report on Thursday, January 4th. Credit Suisse Group restated an outperform rating and issued a $385.00 price target (up previously from $380.00) on shares of MercadoLibre in a report on Monday, January 8th. Zacks Investment Research upgraded MercadoLibre from a strong sell rating to a hold rating in a report on Tuesday, January 9th. Finally, Stifel Nicolaus restated a buy rating and issued a $415.00 price target (up previously from $350.00) on shares of MercadoLibre in a report on Sunday, January 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of $341.12.

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MercadoLibre stock opened at $324.49 on Friday. The stock has a market cap of $14,328.50, a P/E ratio of 128.26 and a beta of 2.07. MercadoLibre has a 52 week low of $217.06 and a 52 week high of $417.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.33 and a quick ratio of 1.33.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.35). The company had revenue of $436.98 million for the quarter, compared to analysts’ expectations of $404.74 million. MercadoLibre had a return on equity of 26.75% and a net margin of 0.99%. sell-side analysts forecast that MercadoLibre will post 1.93 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MELI. Dynamo Administracao de Recursos Ltda. acquired a new position in shares of MercadoLibre in the 4th quarter valued at about $98,072,000. Generation Investment Management LLP acquired a new position in shares of MercadoLibre in the 4th quarter valued at about $52,819,000. KAMES CAPITAL plc acquired a new position in shares of MercadoLibre in the 4th quarter valued at about $49,860,000. Whale Rock Capital Management LLC lifted its stake in shares of MercadoLibre by 79.7% in the 4th quarter. Whale Rock Capital Management LLC now owns 333,839 shares of the company’s stock valued at $105,046,000 after purchasing an additional 148,085 shares in the last quarter. Finally, Park West Asset Management LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at about $44,658,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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MercadoLibre Company Profile

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.

Analyst Recommendations for MercadoLibre (NASDAQ:MELI)

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