Mercadolibre, Inc. (MELI) Reaches $342.47 52-Week High; Blackrock Floating Rate Income Strategies Fund (FRA)’s Sentiment Is 1

January 14, 2018 - By Nellie Frank

The stock increased 0.43% or $0.06 during the last trading session, reaching $14.16. About 170,058 shares traded or 18.57% up from the average. Blackrock Floating Rate Income (FRA) has risen 10.41% since January 14, 2017 and is uptrending. It has underperformed by 6.29% the S&P500.

The stock of Mercadolibre, Inc. (NASDAQ:MELI) hit a new 52-week high and has $356.17 target or 4.00% above today’s $342.47 share price. The 9 months bullish chart indicates low risk for the $15.12 billion company. The 1-year high was reported on Jan, 14 by If the $356.17 price target is reached, the company will be worth $604.92M more. The stock increased 0.13% or $0.45 during the last trading session, reaching $342.47. About 305,334 shares traded. Mercadolibre, Inc. (NASDAQ:MELI) has risen 106.82% since January 14, 2017 and is uptrending. It has outperformed by 90.12% the S&P500.

Analysts await Mercadolibre, Inc. (NASDAQ:MELI) to report earnings on February, 22. They expect $0.58 earnings per share, down 50.00% or $0.58 from last year’s $1.16 per share. MELI’s profit will be $25.61M for 147.62 P/E if the $0.58 EPS becomes a reality. After $0.63 actual earnings per share reported by Mercadolibre, Inc. for the previous quarter, Wall Street now forecasts -7.94% negative EPS growth.

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. MercadoLibre had 35 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, March 2 the stock rating was upgraded by HSBC to “Hold”. The company was maintained on Monday, October 30 by Barclays Capital. Goldman Sachs initiated Mercadolibre, Inc. (NASDAQ:MELI) rating on Tuesday, August 9. Goldman Sachs has “Neutral” rating and $170 target. The rating was upgraded by JP Morgan to “Overweight” on Friday, September 2. The stock of Mercadolibre, Inc. (NASDAQ:MELI) has “Neutral” rating given on Tuesday, June 13 by Goldman Sachs. The rating was upgraded by Stifel Nicolaus on Friday, August 25 to “Buy”. The firm has “Buy” rating given on Wednesday, December 7 by Goldman Sachs. The stock of Mercadolibre, Inc. (NASDAQ:MELI) has “Buy” rating given on Monday, June 19 by Citigroup. The rating was downgraded by JP Morgan on Tuesday, May 16 to “Neutral”. The firm has “Neutral” rating by Susquehanna given on Monday, December 5.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. The company has market cap of $15.12 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 has a 113.82 P/E ratio. 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.

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.21, from 1.37 in 2017Q2. It fall, as 42 investors sold Mercadolibre, Inc. shares while 92 reduced holdings. 46 funds opened positions while 109 raised stakes. 35.73 million shares or 0.12% less from 35.78 million shares in 2017Q2 were reported. Parkside Savings Bank holds 37 shares. Nationwide Fund accumulated 58,400 shares. Gideon Capital Advsr invested 0.64% in Mercadolibre, Inc. (NASDAQ:MELI). Eqis Mgmt Inc holds 0.1% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI) for 6,912 shares. British Columbia Invest Mgmt Corp owns 16,680 shares for 0.03% of their portfolio. Nordea Investment Mgmt Ab stated it has 205,958 shares or 0.13% of all its holdings. Maryland-based Profund Advsrs Lc has invested 0.02% in Mercadolibre, Inc. (NASDAQ:MELI). Neuberger Berman Grp Inc Limited Liability Company, a New York-based fund reported 82,553 shares. 854 are owned by Janney Montgomery Scott Limited Liability Com. Aviva Plc owns 25,490 shares. Gilder Gagnon Howe & Com Ltd Liability Com reported 128,952 shares. Arizona State Retirement Systems reported 7,967 shares or 0.02% of all its holdings. Vanguard Group Inc Inc owns 188,728 shares for 0% of their portfolio. Kayne Anderson Rudnick Mgmt Lc invested 0.73% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI). Highland Cap Mngmt Limited Partnership accumulated 16,069 shares.

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