Mercadolibre (MELI) Given a $335.00 Price Target by Deutsche Bank Analysts
Deutsche Bank set a $335.00 price objective on Mercadolibre (NASDAQ:MELI) in a report published on Thursday, Marketbeat reports. The brokerage currently has a hold rating on the stock.
A number of other research firms have also weighed in on MELI. Goldman Sachs Group reaffirmed a neutral rating and issued a $215.00 price objective on shares of Mercadolibre in a research note on Tuesday, October 3rd. Barclays decreased their target price on Mercadolibre from $275.00 to $250.00 and set an overweight rating on the stock in a research report on Monday, October 30th. Citigroup downgraded Mercadolibre from a neutral rating to a sell rating and set a $230.00 target price on the stock. in a research report on Wednesday, December 20th. Stifel Nicolaus reiterated a buy rating and issued a $275.00 target price on shares of Mercadolibre in a research report on Wednesday, October 4th. Finally, BidaskClub upgraded Mercadolibre from a hold rating to a buy rating in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $276.98.
Mercadolibre (NASDAQ:MELI) traded up $4.99 during trading hours on Thursday, reaching $330.87. The company’s stock had a trading volume of 589,000 shares, compared to its average volume of 447,325. Mercadolibre has a twelve month low of $171.16 and a twelve month high of $336.48. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $15,050.00, a price-to-earnings ratio of 109.92, a PEG ratio of 4.61 and a beta of 2.05.
Mercadolibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.07. The business had revenue of $370.66 million during the quarter, compared to analyst estimates of $347.29 million. Mercadolibre had a return on equity of 34.78% and a net margin of 10.91%. Mercadolibre’s revenue for the quarter was up 60.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. equities analysts anticipate that Mercadolibre will post 2.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.18%. Mercadolibre’s payout ratio is 19.93%.
In other Mercadolibre news, Director Alejandro Nicolas Aguzin purchased 10,000 shares of Mercadolibre stock in a transaction dated Monday, November 27th. The shares were purchased at an average cost of $274.47 per share, for a total transaction of $2,744,700.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $2,744,700. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.36% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of MELI. Koch Industries Inc. raised its holdings in shares of Mercadolibre by 85,458.8% in the second quarter. Koch Industries Inc. now owns 965,959 shares of the company’s stock worth $962,000 after buying an additional 964,830 shares during the period. Renaissance Technologies LLC grew its stake in Mercadolibre by 246.4% in the second quarter. Renaissance Technologies LLC now owns 311,800 shares of the company’s stock worth $78,224,000 after purchasing an additional 221,800 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in Mercadolibre by 10.2% in the second quarter. Orbis Allan Gray Ltd now owns 1,591,614 shares of the company’s stock worth $399,304,000 after purchasing an additional 146,891 shares in the last quarter. Carmignac Gestion grew its stake in Mercadolibre by 6.3% in the third quarter. Carmignac Gestion now owns 2,426,208 shares of the company’s stock worth $628,218,000 after purchasing an additional 144,451 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Mercadolibre by 10,991.2% in the second quarter. Nordea Investment Management AB now owns 129,989 shares of the company’s stock worth $32,612,000 after purchasing an additional 128,817 shares in the last quarter. Hedge funds and other institutional investors own 89.44% of the company’s stock.
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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).
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