Mercadolibre Inc (NASDAQ:MELI) has been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $276.98.

Several research analysts have recently weighed in on MELI shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $268.00 price target on shares of Mercadolibre in a report on Monday, October 23rd. Credit Suisse Group upped their price target on shares of Mercadolibre from $350.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Susquehanna Bancshares decreased their price target on shares of Mercadolibre from $275.00 to $230.00 in a report on Friday, October 13th. Barclays decreased their price target on shares of Mercadolibre from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price target on shares of Mercadolibre in a report on Wednesday, October 4th.

In other news, Director Alejandro Nicolas Aguzin bought 10,000 shares of Mercadolibre stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average price of $274.47 per share, with a total value of $2,744,700.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $2,744,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC increased its stake in Mercadolibre by 52.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 10,761 shares of the company’s stock valued at $3,386,000 after acquiring an additional 3,694 shares during the last quarter. USS Investment Management Ltd bought a new position in Mercadolibre in the fourth quarter valued at $26,276,000. KCS Wealth Advisory bought a new position in Mercadolibre in the fourth quarter valued at $1,156,000. KAMES CAPITAL plc bought a new position in Mercadolibre in the fourth quarter valued at $49,860,000. Finally, Atlantic Trust Group LLC bought a new position in Mercadolibre in the third quarter valued at $2,291,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mercadolibre (MELI) traded up $6.96 during mid-day trading on Friday, reaching $352.27. 483,588 shares of the company’s stock were exchanged, compared to its average volume of 609,631. 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 1-year low of $172.85 and a 1-year high of $355.66. The company has a market cap of $15,560.00, a PE ratio of 117.03, a price-to-earnings-growth ratio of 4.82 and a beta of 2.05.

Mercadolibre (NASDAQ:MELI) last issued its earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07. The business had revenue of $370.66 million for the quarter, compared to analysts’ expectations of $347.29 million. Mercadolibre had a net margin of 10.91% and a return on equity of 34.78%. The business’s revenue for the quarter was up 60.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. analysts forecast that Mercadolibre will post 2.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.17%. Mercadolibre’s dividend payout ratio is presently 19.93%.

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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).

Analyst Recommendations for Mercadolibre (NASDAQ:MELI)

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