MercadoLibre, Inc. (NASDAQ:MELI – Get Free Report) has earned a consensus rating of “Buy” from the seventeen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $2,244.69.
A number of equities research analysts recently issued reports on the company. Morgan Stanley decreased their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Barclays decreased their price target on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price target on MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and raised their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Finally, Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target for the company in a research note on Tuesday, January 21st.
Get Our Latest Analysis on MELI
Insider Transactions at MercadoLibre
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in MELI. Human Investing LLC acquired a new position in MercadoLibre during the 4th quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. increased its position in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock valued at $27,000 after buying an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. increased its position in MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after buying an additional 8 shares in the last quarter. Covestor Ltd acquired a new position in MercadoLibre during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in MercadoLibre during the 4th quarter valued at about $32,000. 87.62% of the stock is owned by institutional investors.
MercadoLibre Price Performance
Shares of MELI stock opened at $2,066.15 on Friday. MercadoLibre has a 52-week low of $1,324.99 and a 52-week high of $2,161.73. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The firm has a market capitalization of $104.75 billion, a P/E ratio of 72.91, a P/E/G ratio of 1.06 and a beta of 1.62. The stock has a 50 day moving average price of $1,835.63 and a 200 day moving average price of $1,936.72.
MercadoLibre Company Profile
MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, 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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