MercadoLibre (NASDAQ:MELI) PT Raised to $1,470.00

MercadoLibre (NASDAQ:MELIGet Rating) had its target price boosted by investment analysts at Credit Suisse Group from $1,430.00 to $1,470.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 43.44% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group dropped their price objective on MercadoLibre from $850.00 to $800.00 in a research note on Thursday, July 21st. Citigroup dropped their price objective on MercadoLibre from $1,500.00 to $1,150.00 and set a “buy” rating on the stock in a research note on Thursday, June 9th. New Street Research assumed coverage on MercadoLibre in a research report on Wednesday, July 6th. They set a “buy” rating and a $1,100.00 target price on the stock. Stifel Nicolaus dropped their target price on MercadoLibre from $1,200.00 to $1,000.00 in a research report on Friday, July 15th. Finally, TheStreet raised MercadoLibre from a “d+” rating to a “c-” rating in a research report on Friday, May 6th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,392.00.

MercadoLibre Trading Down 1.0 %

Shares of NASDAQ MELI opened at $1,024.81 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.36 and a current ratio of 1.40. The business’s 50 day moving average price is $737.27 and its 200-day moving average price is $924.67. MercadoLibre has a fifty-two week low of $600.68 and a fifty-two week high of $1,970.13. The company has a market cap of $51.63 billion, a price-to-earnings ratio of 216.66 and a beta of 1.68.

MercadoLibre (NASDAQ:MELIGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.75. MercadoLibre had a return on equity of 21.93% and a net margin of 2.68%. During the same period in the previous year, the company earned $1.37 EPS. On average, sell-side analysts expect that MercadoLibre will post 6.03 earnings per share for the current year.

Institutional Trading of MercadoLibre

A number of institutional investors have recently made changes to their positions in the business. FinTrust Capital Advisors LLC raised its stake in MercadoLibre by 120.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 33 shares of the company’s stock worth $25,000 after acquiring an additional 18 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new position in MercadoLibre in the 4th quarter worth $26,000. Masso Torrence Wealth Management Inc. purchased a new position in MercadoLibre in the 4th quarter worth $31,000. UMB Bank N A MO raised its stake in MercadoLibre by 550.0% in the 1st quarter. UMB Bank N A MO now owns 26 shares of the company’s stock worth $31,000 after acquiring an additional 22 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new position in MercadoLibre in the 1st quarter worth $31,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

MercadoLibre Company Profile

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MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.

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