Analysts Set MercadoLibre SA (MELI) PT at $166.11
Shares of MercadoLibre SA (NASDAQ:MELI) have received an average recommendation of “Hold” from the nine analysts that are covering the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $166.11.
MELI has been the subject of a number of research reports. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $185.00 price target on shares of MercadoLibre SA in a research report on Tuesday, August 30th. JPMorgan Chase & Co. upgraded MercadoLibre SA from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $173.68 to $200.00 in a research note on Friday, September 2nd. Morgan Stanley reiterated an “underweight” rating and set a $147.00 price objective on shares of MercadoLibre SA in a research note on Friday, October 28th. Zacks Investment Research upgraded MercadoLibre SA from a “hold” rating to a “strong-buy” rating and set a $212.00 price objective for the company in a research note on Wednesday, October 5th. Finally, Goldman Sachs Group Inc. started coverage on MercadoLibre SA in a research note on Tuesday, August 9th. They set a “neutral” rating and a $170.00 price objective for the company.
In other MercadoLibre SA news, EVP Daniel Rabinovich sold 6,195 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $166.61, for a total transaction of $1,032,148.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ebay Inc sold 7,100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $168.00, for a total value of $1,192,800,000.00. Following the sale, the insider now owns 1,026,062 shares of the company’s stock, valued at $172,378,416. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of MELI. Orbis Allan Gray Ltd purchased a new stake in MercadoLibre SA during the first quarter valued at approximately $70,045,000. Fiera Capital Corp purchased a new stake in MercadoLibre SA during the second quarter valued at approximately $74,077,000. Harding Loevner LP purchased a new stake in MercadoLibre SA during the third quarter valued at approximately $93,392,000. Jericho Capital Asset Management L.P. purchased a new stake in MercadoLibre SA during the first quarter valued at approximately $52,059,000. Finally, Jackson Square Partners LLC purchased a new stake in MercadoLibre SA during the second quarter valued at approximately $111,602,000. Institutional investors own 75.17% of the company’s stock.
MercadoLibre SA (NASDAQ:MELI) opened at 155.96 on Friday. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 55.54 and a beta of 2.14. MercadoLibre SA has a 1-year low of $84.19 and a 1-year high of $193.58. The stock has a 50 day moving average price of $175.50 and a 200-day moving average price of $156.23.
MercadoLibre SA (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. MercadoLibre SA had a return on equity of 38.86% and a net margin of 16.13%. The company earned $230.85 million during the quarter, compared to analysts’ expectations of $223.42 million. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s revenue was up 36.9% compared to the same quarter last year. On average, equities research analysts forecast that MercadoLibre SA will post $2.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Saturday, December 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. MercadoLibre SA’s dividend payout ratio is presently 21.43%.
About MercadoLibre SA
MercadoLibre, Inc (MercadoLibre) hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Company provides a portfolio of services facilitating e-commerce transactions. Its geographic segments are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America.
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