MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, 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 via their websites and mobile apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; and Mercado Credito that extends loans to certain merchants and consumers. In addition, it provides Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. Further, the company provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services. Additionally, it offers Mercado Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet. The company also provides Mercado Shops, an online storefronts solution, that enables users to set-up, manage, and promote their own Webstores. The company was incorporated in 1999 and is headquartered in Buenos Aires, Argentina.
IPO Year: 2007
Exchange: NASDAQ
Website: mercadolibre.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/11/2024 | $2800.00 | Buy | Redburn Atlantic |
10/2/2024 | $2400.00 | Overweight → Neutral | JP Morgan |
9/27/2024 | $2350.00 | Outperform | Raymond James |
9/5/2024 | $2530.00 | Overweight | Cantor Fitzgerald |
5/24/2024 | Buy → Neutral | New Street | |
5/20/2024 | $1400.00 → $2100.00 | Hold → Buy | Jefferies |
4/23/2024 | $1685.00 | Hold → Buy | DZ Bank |
11/27/2023 | $2000.00 | Neutral → Buy | BofA Securities |
9/1/2023 | $1400.00 → $1650.00 | Neutral → Buy | New Street |
8/22/2023 | $1500.00 | Outperform | Wedbush |
MONTEVIDEO, Uruguay, Aug. 10, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI)—the leading technology company in e-commerce and financial services in Latin America—announced today the appointment of Martín de los Santos as its new CFO. The current CFO, Pedro Arnt, will leave his position to pursue new opportunities outside the company. Marcos Galperin, CEO of Mercado Libre expressed: "I want to express my gratitude to Pedro for his leadership and contributions since he joined Mercado Libre 24 years ago. His human and professional guidance have left a significant mark on our entire team. We wish Pedro all the best in the next chapter of his professional life." Galperin also state
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Redburn Atlantic initiated coverage of MercadoLibre with a rating of Buy and set a new price target of $2,800.00
JP Morgan downgraded MercadoLibre from Overweight to Neutral and set a new price target of $2,400.00
Raymond James initiated coverage of MercadoLibre with a rating of Outperform and set a new price target of $2,350.00
Cantor Fitzgerald initiated coverage of MercadoLibre with a rating of Overweight and set a new price target of $2,530.00
New Street downgraded MercadoLibre from Buy to Neutral
Jefferies upgraded MercadoLibre from Hold to Buy and set a new price target of $2,100.00 from $1,400.00 previously
DZ Bank upgraded MercadoLibre from Hold to Buy and set a new price target of $1,685.00
BofA Securities upgraded MercadoLibre from Neutral to Buy and set a new price target of $2,000.00
New Street upgraded MercadoLibre from Neutral to Buy and set a new price target of $1,650.00 from $1,400.00 previously
Wedbush initiated coverage of MercadoLibre with a rating of Outperform and set a new price target of $1,500.00
Montevideo, Oct. 30, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its third fiscal quarter ending September 30, 2024, on November 6, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on November 6, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://event.choruscall.com/mediaframe/webcast.html?webcastid=4HHi3KN7 to attend the live event. To participate in our conference call Q&A, investors, analy
Motevideo, Aug. 01, 2024 (GLOBE NEWSWIRE) -- MONTEVIDEO, Uruguay; August 1, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended June 30, 2024, in a Letter to Shareholders, which is now posted to the company's Investor Relations website https://investor.mercadolibre.com. The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on August 1, at 5:00 p.m. Eastern Time. To access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://edge.medi
Montevideo, July 25, 2024 (GLOBE NEWSWIRE) -- MONTEVIDEO, Uruguay; July 25, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its second fiscal quarter ending June 30, 2024, on August 1, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on August 1, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link https://edge.media-server.com/mmc/p/wxyza35x and register to attend the live event. To participate in our co
Montevideo, May 02, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended March 31, 2024, in a Letter to Shareholders, which is now posted to the company's Investor Relations website https://investor.mercadolibre.com. The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on May 2, at 5:00 p.m. Eastern Time. To access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://edge.media-server.com/mmc/p/5r23k2ii and register at the platform to at
Montevideo, April 29, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. to Report First Quarter 2024 Financial Results MONTEVIDEO, Uruguay; April 29, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its first fiscal quarter ending March 31, 2024, on May 2, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on May 2, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://edge.media-server.com/mmc/p/5r23k2ii an
Montevideo, Feb. 22, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. Reports Fourth Quarter 2023 Financial Results MONTEVIDEO, Uruguay; February 22, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended December 31, 2023, in a Letter to Shareholders, which is now posted to the company's Investor Relations website https://investor.mercadolibre.com. The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on February 22, at 5:00 p.m. Eastern Time. To access our video webcast and the live audio, investors, analysts and
Montevideo, Feb. 19, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its fourth fiscal quarter ending December 31, 2023, on February 22, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on February 22, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://edge.media-server.com/mmc/p/6vd3zgg4/ and register to attend the live event. To participate in our conference call Q&A, investors, analysts and the market in
MONTEVIDEO, Uruguay, Nov. 01, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce and technology company, today reported financial results for the quarter ended September 30th, 2023, in a letter to shareholders, which is now posted to the Investor Relations section of MercadoLibre's website. The Company will host its earnings results video conference, as well as a conference call and audio webcast for any questions that investors may have on November 1st, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at h
MONTEVIDEO, Uruguay, Oct. 25, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce and technology company, intends to release financial results for its third fiscal quarter ended September 30th, 2023, on November 1st, 2023. The Company will host its earnings results video conference, as well as a conference call and audio webcast on November 1st, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://edge.media-server.com/mmc/p/2t4k8a2k and register at the platform to attend the live event. Also, to par
MONTEVIDEO, Uruguay, Aug. 02, 2023 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com), Latin America's leading e-commerce and technology company, today reported financial results for the quarter ended June 30th, 2023, in a letter to shareholders, which is now posted to the Investor Relations section of MercadoLibre's website. The Company will host its earnings results video conference, as well as a conference call and audio webcast for any questions that investors may have on August 2nd, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://
DEERFIELD, Ill. and PASADENA, Calif., Nov. 14, 2024 /PRNewswire/ -- Essendant announced today it has expanded its marketplace operations to now include offering products from key brand partners on Mercado Libre, the largest online marketplace serving Mexico, Central and South America. The new partnership with Mercado Libre is Essendant's first foray into the Latin American market and entails a robust product selection of power and hand tools from top brands. "Mercado Libre has immense reach internationally, so this is a critical expansion for Essendant's Connected Commerce pro
Montevideo, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Mercado Libre delivers solid Q3 results posting revenue of $5.3B driven by user and engagement surge across markets and businesses Investments in customer experience, technology and logistics increase sales and engagement across Latin America; In Commerce, unique buyers climbed 21% year-on-year, to nearly 61 million, while GMV reached $12.9 billion, rising 14% in dollars; Mercado Pago saw its credit portfolio soar by 77% year-on-year, reaching an impressive $6 billion; and total payment volume (TPV) increased by 34% to $50.7 billion. Montevideo, Uruguay. November 6, 2024 — Mercado Libre (NASDAQ:MELI), the leading e-commerce and fint
Montevideo, Oct. 30, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its third fiscal quarter ending September 30, 2024, on November 6, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on November 6, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://event.choruscall.com/mediaframe/webcast.html?webcastid=4HHi3KN7 to attend the live event. To participate in our conference call Q&A, investors, analy
Montevideo, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Mercado Libre (NASDAQ:MELI), the leading e-commerce and fintech platform in Latin America, launches the latest episode of its podcast series, IR Interviews, "Strategy and Growth Opportunities with Leandro Cuccioli", Mercado Libre's Senior VP of CorpDev, Strategy, Sustainability and IR. IR Interviews is a unique space for investors to access the company executives' strategic views. Hosted by Investor Relations Officer Richard Cathcart, the episode features an in-depth conversation about Mercado Libre's ambitious long-term growth goals, the company's significant progress in shifting offline commerce online, and how Mercado Pago is leading
Motevideo, Aug. 01, 2024 (GLOBE NEWSWIRE) -- MONTEVIDEO, Uruguay; August 1, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended June 30, 2024, in a Letter to Shareholders, which is now posted to the company's Investor Relations website https://investor.mercadolibre.com. The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on August 1, at 5:00 p.m. Eastern Time. To access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://edge.medi
Montevideo, July 25, 2024 (GLOBE NEWSWIRE) -- MONTEVIDEO, Uruguay; July 25, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its second fiscal quarter ending June 30, 2024, on August 1, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on August 1, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link https://edge.media-server.com/mmc/p/wxyza35x and register to attend the live event. To participate in our co
Montevideo, May 02, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended March 31, 2024, in a Letter to Shareholders, which is now posted to the company's Investor Relations website https://investor.mercadolibre.com. The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on May 2, at 5:00 p.m. Eastern Time. To access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://edge.media-server.com/mmc/p/5r23k2ii and register at the platform to at
Montevideo, April 29, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. to Report First Quarter 2024 Financial Results MONTEVIDEO, Uruguay; April 29, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) announces that it intends to release financial results for its first fiscal quarter ending March 31, 2024, on May 2, 2024. The Company will host its earnings results video conference, as well as a conference call and audio webcast, on May 2, at 5:00 p.m. Eastern Time. In order to access our video webcast and the live audio, investors, analysts and the market in general may access the following link at https://edge.media-server.com/mmc/p/5r23k2ii an
Montevideo, March 18, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. Publishes its 2024 Institutional Presentation for Investors MONTEVIDEO, Uruguay; March 18, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) today published its 2024 Institutional Presentation for Investors, which is available on the company's Investor Relations website via the following link: https://investor.mercadolibre.com/investor-presentation/. About MercadoLibre MercadoLibre is the largest online commerce ecosystem in Latin America, based on unique visitors and processed orders, and is also one of the region's leading fintech platforms. Our efforts are center
Montevideo, Feb. 22, 2024 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. Reports Fourth Quarter 2023 Financial Results MONTEVIDEO, Uruguay; February 22, 2024; (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ:MELI) (http://www.mercadolibre.com) today reported financial results for the quarter ended December 31, 2023, in a Letter to Shareholders, which is now posted to the company's Investor Relations website https://investor.mercadolibre.com. The Company will host its earnings video conference, as well as a conference call and audio webcast for any questions that investors may have, on February 22, at 5:00 p.m. Eastern Time. To access our video webcast and the live audio, investors, analysts and
Investors with a lot of money to spend have taken a bullish stance on MercadoLibre (NASDAQ:MELI). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MELI, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 8 uncommon options trades for MercadoLibre. This isn't normal. The overall sentiment of these big-money traders is split between 37% bullish and 25%, bearish. Out of all of the s
MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 5 years by 8.3% on an annualized basis producing an average annual return of 21.12%. Currently, MercadoLibre has a market capitalization of $82.38 billion. Buying $1000 In MELI: If an investor had bought $1000 of MELI stock 5 years ago, it would be worth $2,600.10 today based on a price of $1625.00 for MELI at the time of writing. MercadoLibre's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e
Financial giants have made a conspicuous bullish move on MercadoLibre. Our analysis of options history for MercadoLibre (NASDAQ:MELI) revealed 17 unusual trades. Delving into the details, we found 35% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $690,190, and 11 were calls, valued at $433,143. Predicted Price Range Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1400.0 to $2600.0 for MercadoLibre over the recent three months. Volume & Open Interest Trends Looking at the volume and open interest is a powerful move while trading options. Th
Investors with a lot of money to spend have taken a bullish stance on MercadoLibre (NASDAQ:MELI). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MELI, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 17 uncommon options trades for MercadoLibre. This isn't normal. The overall sentiment of these big-money traders is split between 35% bullish and 17%, bearish. Out of all of the
By UOB-Kay Hian PDD Holdings Inc. (NASDAQ:PDD) has made significant strides expanding overseas through its Temu low-cost shopping app. Most recently it set up a website in Brazil, which will become its bulkhead in South America. Temu’s establishment of networks in Asia, Europe, North America, South America, Africa and Australia come as it faces growing competition, as well as regulatory challenges in Europe and Southeast Asia. Temu’s Brazilian website came online on June 6, marking an important milestone in its expansion into South America, and representing its 70th website for a national market. This follows its move last May into Mexico where it quickly asserted itself to become the most
High-rolling investors have positioned themselves bearish on MercadoLibre (NASDAQ:MELI), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MELI often signals that someone has privileged information. Today, Benzinga's options scanner spotted 12 options trades for MercadoLibre. This is not a typical pattern. The sentiment among these major traders is split, with 33% bullish and 41% bearish. Among all the options we identified, there was one put, amounting to $26,692, and 11 calls, totaling $854,180. Predicte
MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 15 years by 18.95% on an annualized basis producing an average annual return of 31.79%. Currently, MercadoLibre has a market capitalization of $85.22 billion. Buying $100 In MELI: If an investor had bought $100 of MELI stock 15 years ago, it would be worth $6,484.99 today based on a price of $1680.91 for MELI at the time of writing. MercadoLibre's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conten
Deep-pocketed investors have adopted a bearish approach towards MercadoLibre (NASDAQ:MELI), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MELI usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for MercadoLibre. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 20% leaning bullish and 50% bearish. Among these notable optio
Whales with a lot of money to spend have taken a noticeably bullish stance on MercadoLibre. Looking at options history for MercadoLibre (NASDAQ:MELI) we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish. From the overall spotted trades, 4 are puts, for a total amount of $106,602 and 4, calls, for a total amount of $203,400. Predicted Price Range After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1280.0 and $1880.0 for MercadoLibre, spanning the last three months. Volume & Open Interest
MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 15 years by 18.77% on an annualized basis producing an average annual return of 31.35%. Currently, MercadoLibre has a market capitalization of $81.12 billion. Buying $100 In MELI: If an investor had bought $100 of MELI stock 15 years ago, it would be worth $6,055.15 today based on a price of $1600.05 for MELI at the time of writing. MercadoLibre's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conten