Brokers Set Expectations for MercadoLibre FY2025 Earnings

MercadoLibre, Inc. (NASDAQ:MELI) – Research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for shares of MercadoLibre in a research report issued to clients and investors on Tuesday, January 21st. Cantor Fitzgerald analyst D. Mathivanan forecasts that the company will post earnings per share of $45.14 for the year. Cantor Fitzgerald has a “Overweight” rating and a $2,300.00 price target on the stock. The consensus estimate for MercadoLibre’s current full-year earnings is $32.98 per share.

Several other research analysts have also recently issued reports on MELI. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Redburn Atlantic started coverage on shares of MercadoLibre in a research report on Friday, October 11th. They set a “buy” rating and a $2,800.00 target price for the company. Barclays dropped their target price on MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Finally, Wedbush cut their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average price target of $2,241.00.

MercadoLibre Price Performance

NASDAQ MELI opened at $1,834.51 on Wednesday. The company has a market cap of $93.01 billion, a price-to-earnings ratio of 64.73, a PEG ratio of 0.98 and a beta of 1.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The stock’s fifty day moving average price is $1,851.08 and its 200 day moving average price is $1,909.26. MercadoLibre has a 1 year low of $1,324.99 and a 1 year high of $2,161.73.

Institutional Investors Weigh In On MercadoLibre

A number of hedge funds have recently modified their holdings of the business. Planning Capital Management Corp raised its holdings in MercadoLibre by 9.1% in the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares during the last quarter. Mount Lucas Management LP grew its position in shares of MercadoLibre by 3.6% in the third quarter. Mount Lucas Management LP now owns 143 shares of the company’s stock valued at $293,000 after purchasing an additional 5 shares in the last quarter. Strategic Blueprint LLC lifted its position in MercadoLibre by 0.9% during the third quarter. Strategic Blueprint LLC now owns 658 shares of the company’s stock worth $1,350,000 after buying an additional 6 shares in the last quarter. NBC Securities Inc. boosted its stake in MercadoLibre by 35.0% during the third quarter. NBC Securities Inc. now owns 27 shares of the company’s stock worth $55,000 after buying an additional 7 shares during the last quarter. Finally, 1620 Investment Advisors Inc. grew its holdings in MercadoLibre by 3.7% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 198 shares of the company’s stock valued at $407,000 after buying an additional 7 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre stock in a transaction on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the sale, the director now owns 238 shares of the company’s stock, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

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.