MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) – Jefferies Financial Group dropped their Q2 2022 earnings per share estimates for shares of MercadoLibre in a research report issued to clients and investors on Thursday, July 21st. Jefferies Financial Group analyst J. Colantuoni now forecasts that the company will post earnings per share of $1.91 for the quarter, down from their previous estimate of $1.92. The consensus estimate for MercadoLibre’s current full-year earnings is $6.28 per share.
A number of other research analysts also recently issued reports on MELI. New Street Research assumed coverage on MercadoLibre in a research note on Wednesday, July 6th. They set a “buy” rating and a $1,100.00 price target on the stock. Credit Suisse Group lowered their target price on MercadoLibre from $1,685.00 to $1,440.00 in a research note on Monday, May 2nd. KGI Securities started coverage on MercadoLibre in a research note on Monday, June 6th. They issued an “outperform” rating on the stock. Stifel Nicolaus lowered their target price on MercadoLibre from $1,200.00 to $1,000.00 in a research note on Friday, July 15th. Finally, TheStreet upgraded MercadoLibre from a “d+” rating to a “c-” rating in a research note on Friday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,484.00.
MercadoLibre Trading Down 3.2 %
NASDAQ:MELI opened at $763.92 on Monday. The stock’s 50 day moving average price is $722.06 and its 200 day moving average price is $941.15. The company has a market capitalization of $38.48 billion, a PE ratio of 208.15 and a beta of 1.62. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 1.66. MercadoLibre has a 52-week low of $600.68 and a 52-week high of $1,970.13.
MercadoLibre (NASDAQ:MELI – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.36). The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.06 billion. MercadoLibre had a return on equity of 21.93% and a net margin of 2.30%. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS.
Institutional Trading of MercadoLibre
A number of institutional investors have recently modified their holdings of MELI. Retirement Planning Co of New England Inc. acquired a new position in MercadoLibre during the fourth quarter worth $26,000. Masso Torrence Wealth Management Inc. acquired a new position in MercadoLibre during the fourth quarter worth $31,000. UMB Bank N A MO raised its holdings in MercadoLibre by 550.0% during the first quarter. UMB Bank N A MO now owns 26 shares of the company’s stock worth $31,000 after purchasing an additional 22 shares during the last quarter. Prospera Financial Services Inc acquired a new position in MercadoLibre during the first quarter worth $31,000. Finally, San Luis Wealth Advisors LLC acquired a new position in MercadoLibre during the first quarter worth $31,000. 79.61% of the stock is currently owned by hedge funds and other institutional investors.
MercadoLibre Company Profile
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.
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