MercadoLibre (MELI) Downgraded by BidaskClub

MercadoLibre (NASDAQ:MELI) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.

Several other research firms have also commented on MELI. Zacks Investment Research lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. ValuEngine lowered MercadoLibre from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $425.00 target price (up from $415.00) on shares of MercadoLibre in a research report on Friday, February 23rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $400.00 target price (up from $385.00) on shares of MercadoLibre in a research report on Friday, February 23rd. Finally, Piper Jaffray reaffirmed an “overweight” rating and set a $415.00 target price on shares of MercadoLibre in a research report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $342.55.

MercadoLibre opened at $305.13 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.33 and a current ratio of 1.18. MercadoLibre has a 12 month low of $286.63 and a 12 month high of $299.19. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 120.60 and a beta of 2.08.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.35). MercadoLibre had a negative net margin of 3.30% and a positive return on equity of 13.98%. The company had revenue of $436.98 million during the quarter, compared to analysts’ expectations of $404.74 million. equities research analysts anticipate that MercadoLibre will post 1.4 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gateway Investment Advisers LLC grew its stake in MercadoLibre by 52.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 10,761 shares of the company’s stock worth $3,386,000 after purchasing an additional 3,694 shares in the last quarter. Pier 88 Investment Partners LLC grew its stake in MercadoLibre by 10.7% in the fourth quarter. Pier 88 Investment Partners LLC now owns 2,020 shares of the company’s stock worth $636,000 after purchasing an additional 195 shares in the last quarter. Jennison Associates LLC grew its stake in MercadoLibre by 9.4% in the fourth 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 in the last quarter. Eqis Capital Management Inc. grew its stake in MercadoLibre by 2.2% in the fourth quarter. Eqis Capital Management Inc. now owns 7,065 shares of the company’s stock worth $2,223,000 after purchasing an additional 153 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in MercadoLibre by 2.3% in the fourth 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 in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

About MercadoLibre

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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