MercadoLibre, Inc. (NASDAQ:MELI) had its target price decreased by Barclays PLC from $300.00 to $290.00 in a research note published on Wednesday, July 19th. Barclays PLC currently has an overweight rating on the stock.
Several other equities analysts also recently commented on MELI. Credit Suisse Group upped their price target on shares of MercadoLibre from $260.00 to $290.00 and gave the company an outperform rating in a report on Monday, May 15th. BidaskClub downgraded shares of MercadoLibre from a buy rating to a hold rating in a report on Wednesday, June 28th. Susquehanna Bancshares Inc reiterated a neutral rating and set a $275.00 price target (up from $213.00) on shares of MercadoLibre in a report on Tuesday, May 9th. J P Morgan Chase & Co downgraded shares of MercadoLibre from an overweight rating to a neutral rating and upped their price target for the company from $296.24 to $300.00 in a report on Tuesday, May 16th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of MercadoLibre from a buy rating to a neutral rating and cut their price target for the company from $309.00 to $290.00 in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $256.69.
MercadoLibre (NASDAQ MELI) traded down 0.16% during mid-day trading on Wednesday, hitting $288.42. The company had a trading volume of 752,658 shares. The stock has a 50 day moving average price of $269.83 and a 200-day moving average price of $234.94. The stock has a market capitalization of $12.74 billion, a PE ratio of 82.36 and a beta of 2.03. MercadoLibre has a 1-year low of $148.71 and a 1-year high of $297.95.
MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 4th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.32. The firm had revenue of $273.90 million for the quarter, compared to analysts’ expectations of $247.85 million. MercadoLibre had a net margin of 16.10% and a return on equity of 41.12%. The business’s revenue was up 73.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. On average, analysts forecast that MercadoLibre will post $4.65 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.15 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.21%. MercadoLibre’s dividend payout ratio is currently 17.14%.
Institutional investors have recently modified their holdings of the company. Orbis Allan Gray Ltd increased its position in shares of MercadoLibre by 105.1% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,360,358 shares of the company’s stock worth $212,407,000 after buying an additional 697,057 shares in the last quarter. Norges Bank bought a new position in shares of MercadoLibre during the fourth quarter worth approximately $36,985,000. State Street Corp increased its position in shares of MercadoLibre by 671.4% in the fourth quarter. State Street Corp now owns 245,853 shares of the company’s stock worth $38,391,000 after buying an additional 213,980 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of MercadoLibre by 449.3% in the first quarter. Acadian Asset Management LLC now owns 231,597 shares of the company’s stock worth $48,975,000 after buying an additional 189,432 shares in the last quarter. Finally, Ardevora Asset Management LLP bought a new position in shares of MercadoLibre during the second quarter worth approximately $42,599,000. Institutional investors and hedge funds own 91.95% of the company’s stock.
About MercadoLibre
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).
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