MercadoLibre, Inc. (MELI)
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Fintech is a compound word for financial technology. It refers to innovation in what is traditionally a very slow-to-adapt sector.
Is 1 of MercadoLibre's Strongest Headwinds Finally Turning Into a Tailwind for the Stock?
Inflation and currency devaluation have been headwinds blowing against MercadoLibre's financial results for a long time. Argentina's new president is making drastic changes and early results are promising.
Missed Out on Amazon? Buy MercadoLibre Stock Instead
MercadoLibre has built e-commerce conglomerates with similarities to Amazon. Despite its considerable size, its market cap is less than 5% of Amazon's.
Looking for a No-Brainer Growth Stock? Look Here
MercadoLibre services a Latin American market, and its three top regions have some of the highest e-commerce growth rates in the world. It's expanding its influence in these regions by offering other digital services that are growing even faster.
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MercadoLibre is looking at multiple growth drivers within its e-commerce and fintech businesses. Athletic-shoe maker On Holding has barely scratched the surface of its large market opportunity.
MercadoLibre Joins Discussions to Apply for Mexican Banking License
MercadoLibre is reportedly in talks to get a banking license in Mexico. The Latin American eCommerce/FinTech is in discussions with Mexico's central bank, finance ministry and banking regulators to apply for a license, Osvaldo Gimenez, president of Mercado Pago, the company's FinTech operation, told Bloomberg News Tuesday (May 21).
MercadoLibre Joins Discussions to Apply for Mexican Banking License
MercadoLibre is reportedly in talks to get a banking license in Mexico. The Latin American eCommerce/FinTech is in discussions with Mexico's central bank, finance ministry and banking regulators to apply for a license, Osvaldo Gimenez, president of Mercado Pago, the company's FinTech operation, told Bloomberg News Tuesday (May 21).
Here is What to Know Beyond Why MercadoLibre, Inc. (MELI) is a Trending Stock
Recently, Zacks.com users have been paying close attention to MercadoLibre (MELI). This makes it worthwhile to examine what the stock has in store.
Analysts Like MercadoLibre’s (NASDAQ:MELI) Trajectory, Shares Climb Accordingly
It was good news for Latin American shopping giant MercadoLibre (NASDAQ:MELI), which managed to pick up some positive analyst sentiment today. And what this analyst had to say caught plenty
Meridian Wealth Management LLC Buys Shares of 147 MercadoLibre, Inc. (NASDAQ:MELI)
Meridian Wealth Management LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 147 shares of the company’s stock, valued at approximately $231,000. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of MercadoLibre during the 4th quarter valued at about $28,000. Archer Investment Corp bought a new stake in shares of MercadoLibre in the fourth quarter worth about $31,000. Larson Financial Group LLC purchased a new position in MercadoLibre during the 4th quarter valued at about $36,000. Blue Trust Inc. raised its position in MercadoLibre by 56.3% during the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after purchasing an additional 9 shares during the last quarter. Finally, Disciplined Equity Management Inc. purchased a new stake in MercadoLibre in the 4th quarter worth approximately $42,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on MELI shares. UBS Group reduced their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. DZ Bank raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research report on Tuesday, April 23rd. Barclays raised their price objective on MercadoLibre from $1,800.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $1,800.00 target price on shares of MercadoLibre in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,820.38. Check Out Our Latest Report on MELI MercadoLibre Stock Performance MELI stock opened at $1,749.17 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 1.25. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. The company has a market cap of $88.68 billion, a P/E ratio of 78.26, a price-to-earnings-growth ratio of 1.18 and a beta of 1.45. The stock’s fifty day moving average price is $1,526.42 and its 200-day moving average price is $1,576.88. MercadoLibre (NASDAQ:MELI – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the company posted $3.97 EPS. The business’s quarterly revenue was up 36.0% compared to the same quarter last year. On average, equities analysts forecast that MercadoLibre, Inc. will post 33.96 earnings per share for the current year. MercadoLibre Company Profile (Free Report) 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. Read More Five stocks we like better than MercadoLibre Insider Trades May Not Tell You What You Think JD’s Earnings Could Mean Chinese Stocks Making a Comeback What does consumer price index measure? Canada Goose Flies Higher Driven By DTC Growth Stock Average Calculator CVS Health Stock Has a Silver Lining Called Value Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI – Free Report).
