2 weeks Ago By Defense World Staff
Shares of MercadoLibre, Inc. ( NASDAQ:MELI – Get Free Report ) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company.
The average 12-month price objective among analysts that have issued a report on the stock in the last year is $2,269.67. Several equities analysts have weighed in on the company.
StockNews.com lowered MercadoLibre from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Cantor Fitzgerald cut their price target on MercadoLibre from $2,530.
00 to $2,300.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Redburn Atlantic started coverage on MercadoLibre in a report on Friday, October 11th.
They issued a “buy” rating and a $2,800.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and set a $2,200.
00 price objective (up from $2,000.00) on shares of MercadoLibre in a report on Thursday, November 7th. Finally, Barclays reduced their target price on shares of MercadoLibre from $2,500.
00 to $2,200.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. View Our Latest Report on MercadoLibre MercadoLibre Stock Up 1.
9 % Hedge Funds Weigh In On MercadoLibre A number of hedge funds and other institutional investors have recently bought and sold shares of MELI. Raymond James & Associates lifted its position in MercadoLibre by 4.8% in the 2nd quarter.
Raymond James & Associates now owns 34,840 shares of the company’s stock worth $57,256,000 after buying an additional 1,604 shares during the last quarter. KBC Group NV lifted its holdings in shares of MercadoLibre by 205.5% in the 3rd quarter.
KBC Group NV now owns 26,279 shares of the company’s stock worth $53,923,000 after acquiring an additional 17,677 shares during the last quarter. Caprock Group LLC boosted its stake in shares of MercadoLibre by 143.7% in the 2nd quarter.
Caprock Group LLC now owns 580 shares of the company’s stock valued at $955,000 after purchasing an additional 342 shares in the last quarter. Sarasin & Partners LLP grew its holdings in shares of MercadoLibre by 168.5% during the 2nd quarter.
Sarasin & Partners LLP now owns 45,407 shares of the company’s stock valued at $74,622,000 after purchasing an additional 28,494 shares during the last quarter. Finally, Parnassus Investments LLC raised its position in MercadoLibre by 3.0% in the 3rd quarter.
Parnassus Investments LLC now owns 14,903 shares of the company’s stock worth $30,580,000 after purchasing an additional 436 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.
About MercadoLibre ( Get 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. Featured Articles Five stocks we like better than MercadoLibre What is a Death Cross in Stocks? Vertiv’s Cool Tech Makes Its Stock Red-Hot How to Choose Top Rated Stocks MarketBeat Week in Review – 11/18 – 11/22 Why is the Ex-Dividend Date Significant to Investors? 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.
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