Wedbush Issues Negative Forecast for MercadoLibre Earnings

MercadoLibre, Inc. (NASDAQ:MELI) – Research analysts at Wedbush lowered their Q1 2025 earnings per share (EPS) estimates for shares of MercadoLibre in a note issued to investors on Monday, January 6th. Wedbush analyst S. Devitt now forecasts that the company will post earnings per share of $6.00 for the quarter, down from their prior forecast of $7.29. Wedbush has a “Outperform” rating and a $2,100.00 price objective on the stock. The consensus estimate for MercadoLibre’s current full-year earnings is $33.70 per share. Wedbush also issued estimates for MercadoLibre’s Q2 2025 earnings at $8.18 EPS, Q4 2025 earnings at $14.39 EPS and FY2026 earnings at $59.20 EPS.

Several other research analysts have also commented on the company. Raymond James assumed coverage on MercadoLibre in a research report on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 target price for the company. Bank of America increased their target price on shares of MercadoLibre from $2,250.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Morgan Stanley decreased their price target on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Citigroup dropped their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, BTIG Research decreased their target price on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $2,261.00.

MercadoLibre Stock Down 1.6 %

Shares of NASDAQ:MELI opened at $1,771.22 on Wednesday. The firm has a market cap of $89.80 billion, a PE ratio of 62.50, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre has a 12-month low of $1,324.99 and a 12-month high of $2,161.73. The company has a fifty day simple moving average of $1,889.35 and a 200 day simple moving average of $1,898.75.

Institutional Trading of MercadoLibre

Several institutional investors have recently modified their holdings of MELI. Optimum Investment Advisors lifted its holdings in MercadoLibre by 750.0% in the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock valued at $35,000 after acquiring an additional 15 shares during the last quarter. Quarry LP acquired a new position in MercadoLibre in the second quarter worth approximately $43,000. Legacy Bridge LLC grew its position in MercadoLibre by 53.3% in the third quarter. Legacy Bridge LLC now owns 23 shares of the company’s stock worth $47,000 after buying an additional 8 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of MercadoLibre by 123.1% during the 4th quarter. GAMMA Investing LLC now owns 29 shares of the company’s stock valued at $49,000 after acquiring an additional 16 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of MercadoLibre by 35.0% during the 3rd quarter. NBC Securities Inc. now owns 27 shares of the company’s stock worth $55,000 after acquiring an additional 7 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the transaction, the director now directly owns 238 shares of the company’s stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by insiders.

MercadoLibre Company Profile

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.