A number of research firms have changed their ratings and price targets for Mercadolibre (NASDAQ: MELI):

  • 8/29/2018 – Mercadolibre was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/21/2018 – Mercadolibre was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/21/2018 – Mercadolibre was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $380.00 price target on the stock.
  • 8/14/2018 – Mercadolibre was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MercadoLibre reported second quarter results wherein its e-commerce business showed sluggishness in Brazil due to rise in the shipping costs. The company suffered from the price hike by its major postal partner and trucker’s strike during the quarter. Also, the company continues to hurt by mounting expenses. Further, growing investments in customer services and consumer acquisition, free shipping and branding remains a major concern. Although these investments will continue to drive traffic and conversions on MercadoLibre’s platform, but they pose a huge risk to margin expansion. Nevertheless, the company’s strong position across the geographies will continue to drive its top-line growth. Moreover, growing adoption of MercadoPago remains positive. However, rising competition from e-commerce giants remains a headwind for its market position. Notably, the stock has underperformed the industry it belongs to on a year-to-date basis.”
  • 8/9/2018 – Mercadolibre was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 8/9/2018 – Mercadolibre had its price target raised by analysts at Barclays PLC from $365.00 to $375.00. They now have an “overweight” rating on the stock.
  • 8/9/2018 – Mercadolibre had its price target lowered by analysts at Credit Suisse Group AG from $425.00 to $420.00. They now have an “outperform” rating on the stock.
  • 8/9/2018 – Mercadolibre had its price target raised by analysts at Stifel Nicolaus from $360.00 to $380.00. They now have a “hold” rating on the stock.
  • 8/1/2018 – Mercadolibre was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/31/2018 – Mercadolibre was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MercadoLibre continues to hurt by mounting expenses, interest accrual on convertible bonds and increase in income tax. Further, growing investments in customer services and consumer acquisition, free shipping and branding remains a major concern. Although these investments will continue to drive traffic and conversions on MercadoLibre’s platform, but they pose a huge risk to margin expansion. Nevertheless, we note that the company commands a dominant position in the Latin American e-commerce market with strong Mercado Puntos and MercadoPago. However, rising competition from e-commerce giants remains a headwind for its market position. Also, estimates have been going down ahead of the company’s Q2 earnings release. The company has a negative record of earnings surprises in recent quarters. Notably, the stock has underperformed the industry it belongs to over a year.”
  • 7/31/2018 – Mercadolibre had its price target raised by analysts at Piper Jaffray Companies to $376.00. They now have an “overweight” rating on the stock.
  • 7/25/2018 – Mercadolibre was given a new $400.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/20/2018 – Mercadolibre was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/17/2018 – Mercadolibre had its price target raised by analysts at Barclays PLC from $350.00 to $365.00. They now have an “overweight” rating on the stock.
  • 7/16/2018 – Mercadolibre had its price target raised by analysts at Credit Suisse Group AG from $380.00 to $425.00. They now have an “outperform” rating on the stock.
  • 7/16/2018 – Mercadolibre was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “MercadoLibre’s growing number of confirmed registered users continues to drive the top-line growth. Moreover, the company commands a dominant position in the Latin American e-commerce market with strong Mercado Puntos and MercadoPago. Further, the company remains optimistic on its continued investments in customer services and consumer acquisition, free shipping and branding.  These will continue to drive traffic and conversions on MercadoLibre’s platform.  However, rising competition from e-commerce giants remains a headwind for its market position. Further, mounting expenses, interest accrual on convertible bonds and increase in income tax poses serious threat to its profitability. Notably, the stock has underperformed the industry it belongs to over a year.”
  • 7/10/2018 – Mercadolibre was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of NASDAQ:MELI traded down $2.23 during trading on Friday, hitting $337.92. The company’s stock had a trading volume of 23,073 shares, compared to its average volume of 869,916. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.15 and a current ratio of 1.15. Mercadolibre Inc has a fifty-two week low of $217.06 and a fifty-two week high of $417.91. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 133.57 and a beta of 2.04.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, August 8th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.04). Mercadolibre had a positive return on equity of 4.32% and a negative net margin of 4.39%. The business had revenue of $335.40 million during the quarter, compared to analyst estimates of $333.98 million. During the same quarter last year, the firm posted $0.61 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. equities research analysts predict that Mercadolibre Inc will post -0.44 EPS for the current year.

In other Mercadolibre news, Director Meyer Malka purchased 16,518 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The shares were acquired at an average price of $301.39 per share, for a total transaction of $4,978,360.02. Following the completion of the purchase, the director now owns 1,708 shares in the company, valued at approximately $514,774.12. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fortis Advisors LLC acquired a new stake in Mercadolibre during the first quarter valued at approximately $112,000. WESPAC Advisors LLC acquired a new stake in Mercadolibre during the first quarter valued at approximately $215,000. HMS Capital Management LLC acquired a new stake in Mercadolibre during the second quarter valued at approximately $211,000. Paloma Partners Management Co acquired a new stake in Mercadolibre during the second quarter valued at approximately $239,000. Finally, Natixis acquired a new stake in Mercadolibre during the second quarter valued at approximately $253,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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