MercadoLibre (NASDAQ:MELI) Issues Earnings Results

MercadoLibre (NASDAQ:MELI) released its quarterly earnings data on Thursday. The company reported $12.61 EPS for the quarter, topping the consensus estimate of $10.21 by $2.40, Zacks reports. MercadoLibre had a return on equity of 40.71% and a net margin of 7.57%.

MercadoLibre Stock Performance

MercadoLibre stock traded up $34.68 during trading hours on Thursday, hitting $2,110.47. 727,004 shares of the stock traded hands, compared to its average volume of 344,303. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre has a 1 year low of $1,324.99 and a 1 year high of $2,161.73. The stock has a market capitalization of $107.00 billion, a price-to-earnings ratio of 74.47, a P/E/G ratio of 1.11 and a beta of 1.62. The firm’s 50 day moving average price is $1,853.78 and its 200-day moving average price is $1,951.83.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the transaction, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. This represents a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

MELI has been the topic of several research reports. Wedbush cut their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Barclays cut their target price on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Raymond James raised shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target for the company in a research report on Tuesday, January 21st. New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, MercadoLibre currently has an average rating of “Buy” and a consensus price target of $2,244.69.

MercadoLibre Company Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, 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.