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Analysts at Piper Jaffray Maintain their “Overweight” rating for MercadoLibre (NASDAQ:MELI). The Price Target is $330.0

Piper Jaffray Analyst Rating Change MercadoLibre NASDAQ:MELI

MercadoLibre (NASDAQ:MELI) Rating Restated

MercadoLibre (NASDAQ:MELI) had its stock rating noted as “Overweight” by analysts at Piper Jaffray. Piper Jaffray currently has a $330.0 target on the $10.99B market cap company or 37.32 % upside potential. This was revealed in a note on 13 December.

NASDAQ:MELI is currently trading -0.22% lower at $250.34 as of 10:05 AM New York time. MercadoLibre’s stock is 0% in the last 200 days. It has underperformed the S&P 500 Index, which has risen 6.00% in the same time period.

Out of 10 analysts covering MercadoLibre, 4 rate it a Buy, 5 indicate a Hold while 2 suggest a Sell. The highest target is $160 and the lowest is $83.5 according to Thomson/First Call. The 12-month mean target is $120.55, which means downside potential of 51.85% over the current price.

MELI Stock Chart

Institutional Ownership

Dynamo Internacional Gestao De Recursos Ltda. had the most significant stake with ownership of 169,196 shares as of q2 2015 for 5.64% of the equity exposure. Glynn Capital Management Llc is another quite bullish active investment manager who is having 81,272 shares of MercadoLibre or 4.75% of their equity exposure. In addition, Fox Point Capital Management Llc have 4.3% of their equity exposure invested in the company for 10,000 shares. The Washington-based fund Zevenbergen Capital Investments Llc revealed it had purchased so far a stake worth about 3.88% of the active investment manager’s stock portfolio in MercadoLibre. The California-based fund Capital International Inc Ca is also positive about the stock, possessing 510,523 shares or 3.71% of their equity exposure.

MercadoLibre (NASDAQ:MELI) Profile

MercadoLibre, Inc. is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America).

MercadoLibre (NASDAQ:MELI) traded down -0.22% on 13 December, hitting $250.34. A total of 188,899 shares of the company’s stock traded hands. This is down from average of 628,595 shares. MercadoLibre has a 52 week low of $136.71 and a 52 week high of $297.95. The company has a market cap of $10.99 billion and a P/E ratio of 71.49.

Get the latest MercadoLibre (NASDAQ:MELI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at Piper Jaffray Maintain their “Overweight” rating for MercadoLibre (NASDAQ:MELI). The Price Target is $330.0 appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Analysts at Piper Jaffray Maintain their “Overweight” rating for MercadoLibre (NASDAQ:MELI). The Price Target is $330.0


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