MELI - MercadoLibre, Inc.
| Previous close | 619.40 |
| Open | 613.89 |
| Bid | 597.64 x 800 |
| Ask | 603.00 x 800 |
| Day's range | 595.14 - 619.45 |
| 52-week range | 257.52 - 698.98 |
| Volume | 365,878 |
| Avg. volume | 538,450 |
| Market cap | 29.243B |
| Beta (3Y monthly) | 1.38 |
| PE ratio (TTM) | 3,131.83 |
| EPS (TTM) | 0.19 |
| Earnings date | 31 Oct 2019 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 2017-12-28 |
| 1y target est | 670.19 |
- Investor's Business Daily Video
MELI Triggers Sell Rule
MercadoLibre plunged Monday, triggering an automatic sell rule after blasting out of a base to record highs on strong earnings and accelerating revenue growth. What happened? Argentina's primary elections went badly for pro-market President Macri. Many Argentina stock suffered enormous losses. Brazil stocks also sold off, on concerns that its neighbor's woes will hit Latin America's largest economy.STOCK MARKET TODAY is sponsored by Interactive Brokers. To open an account, go to ibkr.com/whyib
- Motley Fool
MercadoPago: The Real Reason MercadoLibre Stock Has Soared
Here's how the payment option became so important, and why its growth might just be getting started.
- Bloomberg
Two Homegrown Companies Defy Argentina’s Gloom
(Bloomberg Opinion) -- Investors in Argentina would seem to have no peers among global losers.After voters resoundingly rejected President Mauricio Macri and his free-market policies in primary elections earlier this month, the stock market, as measured by the S&P Merval Index, lost almost half its value in the biggest crash in at least six decades. The country’s currency, the peso, suffered its biggest decline since December 2015. The government’s benchmark-equivalent bond plummeted a record 26% to trade at 56 cents on the dollar, according to data compiled by Bloomberg.Argentina, whose economy is the third largest in Latin America, was already reeling from recession and inflation as high as 57.3% in May. The fear among investors now is the return to power of the Peronist party that traditionally stiffed creditors, defaulted on the nation’s bonds and rigged economic data so much that lenders had no incentive for a rescue.Amid the financial carnage, however, are two companies based in Argentina that highlight the country’s potential and showcase possible building blocks for its recovery. They are MercadoLibre Inc., Latin America’s largest online marketplace and biggest provider of online payment and digital financial services, and Globant SA, a software developer and technology services provider. Both are listed in the U.S., but if they were listed in their home country they would be 1.5 times the value of the local stock market, according to data compiled by Bloomberg. MercadoLibre and Globant increased their worldwide workforces 30% and 31%, respectively, to 7,239 and 8,384 in 2018 when most of the nation’s employers were either letting people go or not hiring during the recession.MercadoLibre is the most valuable publicly traded company based in Argentina, with a market value of $30 billion and revenue last year of $1.4 billion. Chief Executive Officer Marcos Eduardo Galperin, who is 47, started the company in his Buenos Aires garage in 1999 after studying at Stanford University. When he was a student, he successfully pitched the idea for the company to an investor while he was driving him to the airport. The company he has built now has operations in 18 countries and is referred to frequently as the Amazon.com of Latin America, with a healthy dose of PayPal thrown in because of its successful payments system.MercadoLibre, which went public in 2007, has gained 442% during the past five years and is still delivering a 109% total return this year. Its revenue is expected to increase 53% this year and 39% in 2020, according to analysts surveyed by Bloomberg. And while its 48% gross margin is down from previous years, it has been investing heavily in its businesses.Even with that success, Galperin sees a lot more room for growth. “Latin America has 600 million people and we have roughly 50 million people using our platform, up from 4 million” when the company went public, he said during an interview earlier this month at his Buenos Aires headquarters. MercadoLibre “can grow another 10 times from 50 million to 500 million” because “the number of transactions that are done per user in Latin America is still a 10th of what is happening in China.” The company derives only 21% of its revenue inside Argentina, so there’s plenty of room for expansion there.Martin Migoya, the 51-year-old chairman, CEO and co-founder of Globant, shared Galperin’s views about growth opportunities, calling the digital space “the largest single opportunity in the planet today.” His company, which was started in 2003, develops software and services for an array of mobile, social media, cloud-computing, gaming and big-data purposes, including artificial intelligence and machine learning. Its clients, 90% of which are in the U.S., have included such prominent companies as Google, Electronic Arts and Walt Disney.During an interview earlier this month at his Buenos Aires headquarters, Migoya said Globant, which generates only 5% of its sales in Argentina, is especially prepared to benefit from “a $5 trillion market in the next five years” made up of “digital transformation and cognitive transformation, which means applying artificial intelligence to pretty much everything.”Globant, which has a market value of $3.3 billion and generated $522 million in revenue last year, has gained 621% over the past five years and is returning 60% this year. Its sales are expected to increase 24% in 2019 and 21% next year, according to analysts surveyed by Bloomberg.The performances of MercadoLibre and Globant haven’t gone unnoticed. Toronto-based Dynamic Power Global Growth Fund, managed by Noah Blackstein, produced the largest total returns during the past 10, five and one years among more than 1,000 global mutual funds, according to data compiled by Bloomberg. MercadoLibre is the largest holding, accounting for more than 7% of the fund, according to the most recent filing. Globant makes up 5%.Blackstein looks for companies, not countries, when he invests. “My focus is finding the biggest opportunities for growth wherever they lie in the world, be they in technology, health care and retail,” he said in a July interview.By his measure, Argentina has some of the brightest prospects. As the country descends once again into political and economic instability, MercadoLibre and Globant can remind citizens and investors alike that a downward spiral doesn’t have to be the status quo.\--With assistance from Shin Pei.To contact the author of this story: Matthew A. Winkler at mwinkler@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew A. Winkler is a Bloomberg Opinion columnist. He is the editor-in-chief emeritus of Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Motley Fool
Better Buy: MercadoLibre vs. Facebook
Lots of potential for both, but a big difference in valuation.
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PayPal Is Still a Buy, Despite Its Recent Revenue Miss
The results weren't bad, and analysts are beginning to say enough is enough.
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Jumia's Definitely One to Watch
Frequently called the MercadoLibre of Africa, Jumia has some huge opportunities ahead of it.
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International Investing: How Much of My Portfolio Should Be Foreign Stocks?
Investors tend to be biased in favor of their home markets, but that can limit them -- especially if home is not the United States.
- Motley Fool
How MercadoLibre Delivered Again in Q2
Latin America's e-commerce giant continues to grow at a torrid pace.
Motley FoolWhy Arcos Dorados, MercadoLibre, and Livent Slumped Today
Some big news affected Latin American stocks, while analysts didn't like everything they saw from one company.
- Motley Fool
Why Despegar.com and MercadoLibre Stock Fell Monday
Argentina's presidential election could spell trouble for the country's businesses.
- Motley Fool
What Roku, MercadoLibre, and Jack in the Box All Have in Common
Better-than-expected second-quarter growth, and big share price jumps.
- Market Realist
Will MercadoLibre Be PayPal’s eBay Replacement?
In March, PayPal announced that it was investing $750 million in MercadoLibre (MELI), a leading South African e-commerce company.
- Zacks
MercadoLibre (MELI) Q2 Earnings & Revenue Beat Estimates
MercadoLibre's (MELI) second-quarter results benefit from solid total payment volume growth and strong momentum across all the regions.
- Motley Fool
Why Roku, Carvana, and MercadoLibre Jumped Today
Major benchmarks soared, and strong earnings lifted these stocks even higher.
- Motley Fool
MercadoLibre's Hot Growth Streak Helps Stock Hit Record Highs
Payments processing has become the e-commerce platform's biggest engine for growth.
- Motley Fool
Why MercadoLibre Stock Popped Today
Shares of the Latin American e-commerce operator surged again on another strong earnings report.
Motley FoolMercadoLibre Inc (MELI) Q2 2019 Earnings Call Transcript
MELI earnings call for the period ending June 30, 2019.
- Motley Fool
MercadoLibre Just Keeps Growing
The Latin American e-commerce giant has continued to gain momentum as various parts of its business grow in concert.
- Zacks
MercadoLibre (MELI) Q2 Earnings and Revenues Beat Estimates
MercadoLibre (MELI) delivered earnings and revenue surprises of 10.71% and 9.58%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Investing.com
MercadoLibre Earnings, Revenue Beat in Q2
Investing.com - MercadoLibre (NASDAQ:MELI) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
- Zacks
5 Must-See Earnings Charts This Week
These are the hot charts that traders will be watching this week as earnings season hits its stride.
- Motley Fool
Will MercadoLibre Keep Soaring When It Reports Q2 Earnings?
The e-commerce and payment giant's stock has gained more than 100% so far this year. Are MercadoLibre investors expecting too much for it to maintain its strong pace?
- Zacks
What's in the Cards for MercadoLibre (MELI) in Q2 Earnings?
MercadoLibre's (MELI) second-quarter results are likely to benefit from its fintech and logistics offerings. However, rising expenses remain concerns.
- Investor's Business Daily
When To Sell A Winning Stock? Spot A Big Breach Of The 200-Day Line
Use the 200-day moving average, or the 40-week line on a weekly chart, to determine a time when to sell stocks, especially long-term winners.
- Zacks
MercadoLibre (MELI) Dips More Than Broader Markets: What You Should Know
MercadoLibre (MELI) closed at $621.42 in the latest trading session, marking a -1.95% move from the prior day.
