FY2025 EPS Estimates for MercadoLibre Reduced by Analyst

MercadoLibre, Inc. (NASDAQ:MELI) – Research analysts at Cantor Fitzgerald cut their FY2025 earnings per share estimates for MercadoLibre in a research report issued to clients and investors on Wednesday, April 16th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will post earnings per share of $46.58 for the year, down from their previous forecast of $51.35. Cantor Fitzgerald currently has a “Overweight” rating and a $2,400.00 target price on the stock. The consensus estimate for MercadoLibre’s current full-year earnings is $43.96 per share.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%.

A number of other research analysts have also recently commented on MELI. Susquehanna boosted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a report on Friday, February 21st. Barclays boosted their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Wedbush dropped their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Finally, Bank of America lifted their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Two investment 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 stock. According to data from MarketBeat, MercadoLibre currently has an average rating of “Buy” and an average price target of $2,415.94.

MercadoLibre Price Performance

NASDAQ:MELI opened at $2,099.37 on Friday. The stock has a market cap of $106.43 billion, a PE ratio of 55.69, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The business’s 50-day simple moving average is $2,042.00 and its two-hundred day simple moving average is $1,959.90. MercadoLibre has a 52 week low of $1,324.99 and a 52 week high of $2,374.54.

Institutional Trading of MercadoLibre

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in shares of MercadoLibre by 38.7% in the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock worth $2,868,869,000 after buying an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD increased its stake in MercadoLibre by 41.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company’s stock worth $2,370,848,000 after purchasing an additional 405,425 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of MercadoLibre during the fourth quarter worth $565,306,000. Capital World Investors boosted its stake in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock valued at $2,667,386,000 after purchasing an additional 308,973 shares during the period. Finally, Norges Bank bought a new position in shares of MercadoLibre in the fourth quarter worth about $383,051,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

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.