Mercadolibre Inc (MELI) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Mercadolibre Inc (NASDAQ:MELI) have been given a consensus rating of “Buy” by the fifteen analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $320.62.

Several analysts have recently issued reports on the company. Piper Jaffray Companies restated an “overweight” rating and issued a $415.00 price objective on shares of Mercadolibre in a research report on Thursday. BidaskClub raised Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Friday. Goldman Sachs Group reissued a “neutral” rating and issued a $378.00 price target (up previously from $222.00) on shares of Mercadolibre in a report on Thursday, February 8th. Zacks Investment Research raised Mercadolibre from a “hold” rating to a “buy” rating and set a $433.00 price target for the company in a report on Wednesday, January 31st. Finally, Credit Suisse Group reissued 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.

In other news, Director Alejandro Nicolas Aguzin bought 10,000 shares of Mercadolibre stock in a transaction on Monday, November 27th. The shares were bought at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $2,744,700. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC bought a new position in Mercadolibre during the 3rd quarter worth approximately $104,000. Smithfield Trust Co. lifted its holdings in Mercadolibre by 1,025.0% during the 3rd quarter. Smithfield Trust Co. now owns 450 shares of the company’s stock worth $116,000 after buying an additional 410 shares during the last quarter. Dumac Inc. lifted its holdings in Mercadolibre by 105.6% during the 4th quarter. Dumac Inc. now owns 370 shares of the company’s stock worth $116,000 after buying an additional 190 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Mercadolibre by 18.4% during the 2nd quarter. Toronto Dominion Bank now owns 515 shares of the company’s stock worth $129,000 after buying an additional 80 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in Mercadolibre during the 4th quarter worth approximately $140,000. 89.21% of the stock is currently owned by institutional investors.

Shares of Mercadolibre (NASDAQ MELI) traded down $9.18 during trading hours on Tuesday, hitting $369.87. The stock had a trading volume of 447,398 shares, compared to its average volume of 700,115. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.44 and a quick ratio of 1.43. Mercadolibre has a twelve month low of $190.07 and a twelve month high of $395.67. The stock has a market capitalization of $16,332.35, a P/E ratio of 122.88, a P/E/G ratio of 4.84 and a beta of 2.15.

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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).

Analyst Recommendations for Mercadolibre (NASDAQ:MELI)

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