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MercadoLibre, Inc. $MELI Total Debt (mrq) $5.53B Book Value Per Share (mrq) $40.63
MELI having a good morning...
MERCADOLIBRE INC
$1,203.47 +41.38 (+3.56%)
https://stockcharts.com/h-sc/ui?s=MELI
Company Profile: SectorConsumer Discretionary
Industry: Broadline Retail
Company Location: Montevideo
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 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. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and 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. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote...........
Fantastic Earnings. Revenues up 148% YOY.
https://finance.yahoo.com/news/mercadolibre-inc-reports-third-quarter-210100626.html
Way to go MELI...
Just In: $MELI 2 Top E-Commerce Stocks to Buy Right Now
One of the simplest ways to find good stock ideas is to identify megatrends and invest in them accordingly. The growth of e-commerce has already led to big gains for leading players in that space, but there's much more to come. Despite years of growth, online spending still makes up le...
Find out more MELI - 2 Top E-Commerce Stocks to Buy Right Now
News: $MELI Is MercadoLibre Stock a Buy?
MercadoLibre (NASDAQ: MELI) is not exactly a household name in the U.S. However, many who engage in e-commerce south of the border approach this company as Americans do Amazon . As Latin America's leading e-commerce platform, it operates in 18 countries spanning from the company's base in A...
Got this from MELI - Is MercadoLibre Stock a Buy?
News: $MELI Will MercadoLibre Be Profitable Again?
MercadoLibre (NASDAQ: MELI) , the largest online commerce ecosystem in Latin America, has seen its shares soar more than 75% in 2020. Due to its sole focus on providing e-commerce and digital payments services, the company has benefited tremendously from the coronavirus pandemic and shelter-i...
Read the whole news MELI - Will MercadoLibre Be Profitable Again?
News: $MELI Better Buy: Shopify vs. MercadoLibre
E-commerce stocks have benefited from a surge in online activity as many non-essential brick-and-mortar retailers have had to close due to the coronavirus. MercadoLibre (NASDAQ: MELI) , the leading e-commerce player serving Latin America, has seen its stock climb more than 75% since the beg...
Got this from MELI - Better Buy: Shopify vs. MercadoLibre
$PNNX is the next $MELI, except much bigger.
Meli, IBD stock of the day.
MercardoLibre earnings are likely to jump 170% to $3.11 in 2020
Amazon looking to expand into Latin America.
News: $MELI MercadoLibre, Inc. Announces Pricing of Follow-on Offering
BUENOS AIRES, Argentina, March 13, 2019 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (NASDAQ: MELI), Latin America’s leading e-commerce technology company, today announced the pricing of an underwritten public offering of approximately US$1 billion of common stock at a public offering...
Find out more https://marketwirenews.com/news-releases/mercadolibre-inc-announces-pricing-of-follow-on-offering-7834064.html
$MELI Mercadolibre (NASDAQ:MELI)
2018 EPS Estimate: $0.28
2019 EPS Estimate: $2.35 (+739.3%)
Stock Price: $312.91
P/E Ratio: 123.7
Dividend Yield: 0.10 %
Consensus Rating: Hold
Ratings Breakdown: 6 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings.
Consensus Price Target: $335.8462 (7.3% Upside)
MELI might do really well if the US gets in a trade war with China and Several other countries.
If the US gets in an adversarial relationship with South America, beginning with Mexico, then the threatened competition with Amazon perhaps won't materialize, leaving MELI an open field and trade flooding in from China, Europe and Japan....Maybe.
High risk stock has been getting plenty of push and press lately but chart shows its ability to slide off a cliff. Caution 262-264
$MELI MercadoLibre, Inc. to Report First Quarter 2017 Financial Results
Source: GlobeNewswire Inc.
MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) intends to release financial results for its first fiscal quarter ended March 31, 2017 on May 4th, 2017 after the close of the day's trading.
The Company will host a conference call and audio webcast on May 4th, 2017 at 4:30 p.m. Eastern Time.
The conference call may be accessed by dialing (877) 303-7209 / (970) 315-0420 (Conference ID 11441757) and requesting inclusion in the call for MercadoLibre. The live conference call can be accessed via audio webcast at the investor relations section of the Company's website, at http://investor.mercadolibre.com. An archive of the webcast will be available for one week following the conclusion of the conference call.
About MercadoLibre
MercadoLibre hosts the largest online commerce and payments ecosystem in Latin America. The Company’s efforts are centered on enabling e-commerce and digital and mobile payments on behalf of its customers by delivering a suite of technology solutions across the complete value chain of commerce. MercadoLibre is present in 18 countries including: Argentina, Brazil, Mexico, Colombia, Chile, Venezuela and Peru, and based on unique visitors and page views MercadoLibre is a market leader in each of the major countries where it is present.
For more information about MercadoLibre.com, visit: http://investor.mercadolibre.com.
Investor Relations Contact:
investor@mercadolibre.com
http://investor.mercadolibre.com
Media Relations Contact.
valeria.bazzi@mercadolibre.com
Primary Logo
Been holding MELI for a few years now.........
Fletch
Edit: Maybe buy when and if gap fills.........
MercadoLibre beats Street 1Q forecasts
Associated Press Associated PressMay 4, 2017, 5:01 PMComment
BUENOS AIRES, Argentina (AP) _ MercadoLibre SA (MELI) on Thursday reported first-quarter earnings of $48.5 million.
On a per-share basis, the Buenos Aires, Argentina-based company said it had net income of $1.10.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The operator of an online marketplace and payments system in Latin America posted revenue of $273.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $243.1 million.
MercadoLibre shares have increased 51 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $236.51, a rise of 90 percent in the last 12 months.
https://finance.yahoo.com/news/mercadolibre-beats-street-1q-forecasts-210121317.html
I bought at 178, trimmed some at 210 to "lock in profits", want to buy back now. Maybe don't trim winners you have long term faith in?
$MELI recent news/filings
bullish 121.78
hammer candlestick
## source: finance.yahoo.com
Sun, 06 Dec 2015 10:44:00 GMT ~ 3 Stocks That Could Make You Rich
read full: http://www.fool.com/investing/general/2015/12/06/3-stocks-that-could-make-you-rich.aspx?source=eogyholnk0000001&utm_source=yahoo&utm_medium=feed&utm_campaign=article
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Sun, 06 Dec 2015 10:44:00 GMT ~ 3 Stocks That Could Make You Rich
read full: http%3A//www.fool.com/investing/general/2015/12/06/3-stocks-that-could-make-you-rich.aspx?source=eogyholnk0000001&utm_source=yahoo&utm_medium=feed&utm_campaign=article
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Wed, 02 Dec 2015 18:52:17 GMT ~ Endurance Specialty Holdings Ltd. (ENH): Are Hedge Funds Right About This Stock?
read full: http://www.insidermonkey.com/blog/endurance-specialty-holdings-ltd-enh-are-hedge-funds-right-about-this-stock-397865/
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Fri, 27 Nov 2015 20:42:28 GMT ~ Is Mercadolibre Inc (MELI) A Good Stock To Buy?
read full: http://www.insidermonkey.com/blog/is-mercadolibre-inc-meli-a-good-stock-to-buy-390764/
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Fri, 27 Nov 2015 14:11:00 GMT ~ Emerging Markets Today: China Sells Off, Russia Sanctioning Turkey
read full: http://blogs.barrons.com/emergingmarketsdaily/2015/11/27/emerging-markets-today-china-sells-off-russia-sanctioning-turkey/?mod=yahoobarrons&ru=yahoo
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$MELI charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$MELI company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MELI/company-info
Ticker: $MELI
OTC Market Place: Not Available
CIK code: 0001099590
Company name: MercadoLibre, Inc.
Company website: http://www.mercadolibre.com
Incorporated In:
$MELI share structure
## source: otcmarkets.com
Market Value: $5,377,421,680 a/o Dec 04, 2015
Shares Outstanding: 44,156,854 a/o Oct 26, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$MELI extra dd links
Company name: MercadoLibre, Inc.
Company website: http://www.mercadolibre.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/MELI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/MELI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=MELI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=MELI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=MELI+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/MELI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/news - http://finance.yahoo.com/q/h?s=MELI+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/MELI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/MELI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/MELI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/MELI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/MELI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/MELI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/MELI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=MELI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/MELI
DTCC (dtcc.com): http://search2.dtcc.com/?q=MercadoLibre%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=MercadoLibre%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=MercadoLibre%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.mercadolibre.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.mercadolibre.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.mercadolibre.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/MELI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/MELI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/MELI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/MELI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/MELI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001099590&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/MELI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/MELI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=MELI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=MELI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=MELI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=MELI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=MELI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=MELI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=MELI+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/MELI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=MELI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/MELI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=MELI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/MELI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/MELI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/MELI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/MELI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/MELI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/MELI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=MELI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MELI
$MELI DD Notes ~ http://www.ddnotesmaker.com/MELI
$MELI DD Notes ~ http://www.ddnotesmaker.com/MELI
bullish
cci(50) crosses 100 upwards
http://stockcharts.com/school/doku.php?st=cci&id=chart_school:technical_indicators:commodity_channel_index_cci
$MELI recent news/filings
## source: finance.yahoo.com
Fri, 31 Oct 2014 22:04:56 GMT ~ Nasdaq stocks posting largest percentage increases
read full: http://sg.finance.yahoo.com/news/nasdaq-stocks-posting-largest-percentage-220237991--finance.html
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Fri, 31 Oct 2014 21:26:47 GMT ~ Today's Market Thorns, Roses, All Time Highs, and ETF All Time Highs
read full: http://finance.yahoo.com/tumblr/blog-todays-market-thorns-roses-all-time-highs-and-etf-212651012.html
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Fri, 31 Oct 2014 20:42:03 GMT ~ MERCADOLIBRE INC Files SEC form 8-K, Change in Directors or Principal Officers
read full: http://biz.yahoo.com/e/141031/meli8-k.html
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Fri, 31 Oct 2014 14:36:00 GMT ~ Stocks Surge At Starting Bell; Mylan, Expedia, GoPro Rocket
read full: http://news.investors.com/103114-724384-stocks-open-sharply-higher-friday.htm?ven=yahoocp&src=aurlled&ven=yahoo
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Fri, 31 Oct 2014 14:36:00 GMT ~ Mercadolibre (MELI) Stock Jumps to 11-Month High Today After Third Quarter Earnings Results
read full: http://www.thestreet.com/story/12936237/1/mercadolibre-meli-stock-jumps-to-11-month-high-today-after-third-quarter-earnings-results.html?puc=yahoo&cm_ven=YAHOO
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$MELI charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$MELI company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MELI/company-info
Ticker: $MELI
OTC Market Place: Not Available
CIK code: 0001099590
Company name: MercadoLibre, Inc.
Company website: http://www.mercadolibre.com
Incorporated In:
$MELI share structure
## source: otcmarkets.com
Market Value: $6,011,552,396 a/o Oct 31, 2014
Shares Outstanding: 44,153,892 a/o Feb 21, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$MELI extra dd links
Company name: MercadoLibre, Inc.
Company website: http://www.mercadolibre.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/MELI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/MELI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=MELI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=MELI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=MELI+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/MELI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/news - http://finance.yahoo.com/q/h?s=MELI+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/MELI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/MELI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/MELI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/MELI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/MELI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/MELI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/MELI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=MELI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/MELI
DTCC (dtcc.com): http://search2.dtcc.com/?q=MercadoLibre%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=MercadoLibre%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=MercadoLibre%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.mercadolibre.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.mercadolibre.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.mercadolibre.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/MELI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/MELI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/MELI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/MELI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/MELI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001099590&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/MELI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/MELI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=MELI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=MELI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=MELI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=MELI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=MELI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=MELI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=MELI+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/MELI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=MELI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/MELI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=MELI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/MELI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/MELI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/MELI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/MELI/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/MELI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/MELI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/MELI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=MELI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MELI
$MELI DD Notes ~ http://www.ddnotesmaker.com/MELI
From Seeking Alpha,
Fletch
MercadoLibre's Expanding Prowess
Jun. 20, 2014 3:05 PM ET | 1 comment | About: MercadoLibre, Inc. (MELI)
According to an eMarketer research, business-to-consumer e-commerce sales in Latin America are projected to grow 20% in 2014 to $57.69 billion from $48.14 billion last year. eMarketer projects Brazil to be the leading market in the region with total e-commerce transactions projected to grow 8.5% and reach $23.05 billion in 2015. The research predicts the number of digital buyers in Brazil to increase from 30.9 million in 2013 to 55.4 million by 2018. Markets of Mexico and Argentina will also see strong growth, with users in Mexico growing from 8.4 million in 2013 to 18 million by 2018, and in Argentina from 7.5 million in 2013 to 12 million by 2018.
MercadoLibre’s Financials
Recently, the e-commerce giant of Latin America MercadoLibre (NASDAQ: MELI) announced impressive first quarter results. Revenues grew 12% over the year to $115.4 million, significantly ahead of the Street’s target of $109.4 million. EPS of $0.69 was also 73% higher than previous year’s and shot past the Street’s projections of $0.57.
Among other operating metrics, Gross Merchandise Volume grew 15% to $1.8 billion and total payments volume grew 25% over the year to $664 million. During the quarter, their payments platform MercadoPago processed nearly $9.2 million in payments, recording an increase of 36% over the year. The company now accounts for nearly a quarter of the e-commerce transactions in the region. There are more than 102.7 million registered members on their website as they added 4.3 million members over the year.
MercadoLibre’s Mobile Focus
MercadoLibre realizes that the growth in the coming quarters will be attributed to success on the mobile front. During the quarter, mobile transactions accounted for 14% of their Gross Merchandise Volume from 7% last year. Mobile app downloads reached 10 million and nearly 20% of total new users registering on their site came from mobile devices.
MercadoLibre believes that the mobile portion of the Gross Merchandise Volume will increase to nearly 50% in five years from now. To cater to this growth, they are continually writing software and adapting services to these new formats.
MercadoLibre’s Acquisitions
During the recent quarter, MercadoLibre announced several new acquisitions to expand their vertical offerings. Last month, MercadoLibre announced plans to acquire VMK, a holding company for two major real estate websites, for an estimated $40 million. VMK Holdings is known for their websites portalinmobiliario.com in Chile and Guiadinmuebles.com in Mexico. The Chilean website was started in 2000 and based on their success, expanded operations in Mexico in 2010. Over the past 18 months, access to MercadoLibre’s real estate listings have increased from 30,000 to 1 million.
MercadoLibre’s stock is trading at $90.67 with a market capitalization of $4 billion. It touched a 52-week high of $145.99 in October 2013.
MELI beat earnings and is up a lot in AH. Chart says shorts have been filling their pockets since last earnings as it's been running under the 50 day for 3 months now. Let's get the uptrend going again.
Fill that gap,
Fletch
As of September 30, 2013, net assets (before intercompany eliminations) of the Venezuelan subsidiaries amounted to approximately 16.5% of the consolidated net assets, and cash and investments of the Venezuelan subsidiaries held in local currency in Venezuela amounted to approximately 12.4% of the consolidated cash and investments.
Goldman Sachs initiated coverage on MercadoLibre (NASDAQ: MELI) with a Sell rating and price target of $85.00.
For an analyst ratings summary and ratings history on MercadoLibre click here. For more ratings news on MercadoLibre click here.
Shares of MercadoLibre closed at $102.76 yesterday, with a 52 week range of $76.46-$145.99.
EBAY is part owner of MELI, same business...
This should be at 90 if the big flush comes..reminds of bidu.how is ebay and meli involved together
No, waiting...
Something is going on with EBAY, two mentions on CNBC today about shorting her...
U holding puts on meli
Dead cat bounce..something is not making sense here.tape says lots of sells in .gonna hold but it just pisses me off ..want her below 100
Another leg down could be coming imo...
Shorting meli here
MELI this is Interesting!
http://reuvenenterprises.com/the-problemas-we-found-in-mercadolibre-earnings/
~ Thursday! $MELI ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $MELI ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=MELI&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=MELI&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=MELI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=MELI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=MELI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=MELI
Finviz: http://finviz.com/quote.ashx?t=MELI
~ BusyStock: http://busystock.com/i.php?s=MELI&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=MELI >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
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MercadoLibre, Inc. hosts an online commerce platform in Latin America, called MercadoLibre and located at www.mercadolibre.com . The Company has operations in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela. Additionally, it also operates online commerce platforms in Costa Rica, the Dominican Republic and Panama. It offers a technological and commercial solution that addresses the cultural and geographic challenges of operating an online commerce platform in Latin America. The Company offers its users two principal services: the MercadoLibre marketplace and the MercadoPago online payments solution.
Website: http://www.mercadolibre.com.ve/
Phone#: 54)11-53528000 Address: Tronador 4890, 8th Floor Buenos Aires, null null Argentina
NASDAQ: Ticker - MELI
{Information Stated Below is as of 02-08-2011}
Shares Outstanding: (mil) 44.13
Float: (mil) 30.37
Market Cap: (Billion) 3.087
Return on Equity: 37.41
Institutional Sponsorship as % of OS = 68.4%
Investor Relations Link: http://investor.mercadolibre.com/
Population of America: +/- 200 million
Internet saturation: 60-70%
Ebay Market Cap: $41 Billion
Population of Latin America: +/- 570 million
Internet saturation: 25%
MELI
Market Cap: +/- $3 Billion
(EBAY OWNS OVER 8 MILLION ~MELI~ SHARES)
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