Press coverage about Mercadolibre (NASDAQ:MELI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mercadolibre earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.2940569181194 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Piper Jaffray Companies upped their price target on shares of Mercadolibre from $268.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Citigroup cut shares of Mercadolibre from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a report on Wednesday, December 20th. Goldman Sachs Group restated a “neutral” rating and set a $378.00 price target (up from $222.00) on shares of Mercadolibre in a report on Thursday, February 8th. Finally, BidaskClub upgraded shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $320.62.

Mercadolibre (NASDAQ MELI) traded down $9.18 during midday trading on Friday, hitting $369.87. 447,398 shares of the company traded hands, compared to its average volume of 700,115. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. Mercadolibre has a twelve month low of $190.07 and a twelve month high of $395.67. The company has a market capitalization of $16,332.35, a PE ratio of 122.88, a PEG ratio of 4.84 and a beta of 2.15.

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

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Mercadolibre Company Profile

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).

Insider Buying and Selling by Quarter for Mercadolibre (NASDAQ:MELI)

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