MercadoLibre (NASDAQ:MELI): Credit Suisse Reconfirms “Outperform” Rating Today, Has a Target of $425/Share

July 16, 2018 - By Lisa Delgado

MercadoLibre, Inc. (NASDAQ:MELI) Logo

Investors sentiment increased to 0.99 in 2018 Q1. Its up 0.06, from 0.93 in 2017Q4. It increased, as 36 investors sold MercadoLibre, Inc. shares while 117 reduced holdings. 51 funds opened positions while 100 raised stakes. 36.77 million shares or 0.15% more from 36.71 million shares in 2017Q4 were reported.

296,243 are owned by Whale Rock Cap Management Ltd. Parametric Portfolio Associates Ltd invested in 0.05% or 131,315 shares. Commonwealth Retail Bank Of Aus has invested 0% in MercadoLibre, Inc. (NASDAQ:MELI). 120,950 are owned by Cap Sarl. Arizona State Retirement Sys reported 6,074 shares. Mirae Asset Global Investments Com accumulated 9,741 shares or 0.05% of the stock. Gilder Gagnon Howe Lc stated it has 0.6% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Guardian Cap Advisors L P stated it has 0.06% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Financial Bank Of Montreal Can reported 0% stake. 2,218 were accumulated by Ashford Management. Raymond James Service Advsrs Inc holds 0.01% or 3,374 shares in its portfolio. Peak6 Limited Partnership holds 54,713 shares or 0.08% of its portfolio. Oregon Pub Employees Retirement Fund holds 0.03% or 6,139 shares. Amundi Pioneer Asset Incorporated reported 9,765 shares. Shelton Cap, California-based fund reported 3,429 shares.

Since May 22, 2018, it had 2 buys, and 0 selling transactions for $15.44 million activity.

MercadoLibre (NASDAQ:MELI) Rating Reaffirmed

Credit Suisse now has a $425 PT on shares of MercadoLibre (NASDAQ:MELI). The PT indicates a potential upside of 24.51 % from the last stock close price of MercadoLibre (NASDAQ:MELI). This rating was released in an analyst report on 16 July.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

Among 10 analysts covering Mercadolibre (NASDAQ:MELI), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Mercadolibre has $500.0 highest and $350 lowest target. $408’s average target is 19.53% above currents $341.35 stock price. Mercadolibre had 13 analyst reports since January 24, 2018 according to SRatingsIntel. The stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Buy” rating given on Friday, February 23 by Stifel Nicolaus. The firm has “Hold” rating given on Monday, February 5 by Cowen & Co. The rating was maintained by Bank of America with “Buy” on Wednesday, April 11. The firm earned “Buy” rating on Wednesday, February 28 by J.P. Morgan. The rating was maintained by Cowen & Co with “Hold” on Tuesday, April 17. The firm earned “Overweight” rating on Tuesday, June 26 by KeyBanc Capital Markets. The stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Overweight” rating by JP Morgan on Wednesday, February 28. The firm has “Buy” rating given on Friday, April 20 by Credit Suisse. The stock has “Outperform” rating by Credit Suisse on Friday, February 23. Piper Jaffray maintained MercadoLibre, Inc. (NASDAQ:MELI) rating on Thursday, February 15. Piper Jaffray has “Buy” rating and $415.0 target.

The stock increased 4.17% or $13.67 during the last trading session, reaching $341.35. About 607,565 shares traded. MercadoLibre, Inc. (NASDAQ:MELI) has risen 7.62% since July 16, 2017 and is uptrending. It has underperformed by 4.95% the S&P500.

Analysts await MercadoLibre, Inc. (NASDAQ:MELI) to report earnings on August, 2. They expect $-0.08 earnings per share, down 113.11 % or $0.69 from last year’s $0.61 per share. After $-0.29 actual earnings per share reported by MercadoLibre, Inc. for the previous quarter, Wall Street now forecasts -72.41 % EPS growth.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. The company has market cap of $15.07 billion. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction format. It currently has negative earnings. The companyÂ’s Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

More news for MercadoLibre, Inc. (NASDAQ:MELI) were recently published by: Streetinsider.com, which released: “MercadoLibre (MELI) PT Raised to $425 at Credit Suisse; Look Past Currency Headwinds” on July 16, 2018. Seekingalpha.com‘s article titled: “MercadoLibre: It’s Only Getting Worse” and published on June 18, 2018 is yet another important article.

MercadoLibre, Inc. (NASDAQ:MELI) Institutional Positions Chart

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