How to Buy Mercadolibre Stock
Mercadolibre Inc
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.
Mercadolibre stock last closed at $1,290.53, up 1.06% from the previous day, and has increased 61.4% in one year. It has overperformed other stocks in the Internet Retail industry by 0.37 percentage points. Mercadolibre stock is currently +70.99% from its 52-week low of $754.76, and -11.09% from its 52-week high of $1,451.56.
At the moment, there are 50.09M shares of MELI outstanding. The market value of MELI is $64.65B. In the past 24 hours, 198,625 MELI shares were traded.
How to Buy Mercadolibre Stock
Not sure how to invest in Mercadolibre stock? Here's how.
- Figure out where to buy Mercadolibre stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Mercadolibre stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your info.
- Evaluate Mercadolibre stock: The Mercadolibre ticker symbol is MELI. Is Mercadolibre stock a good investment? Should you buy shares of MELI? How do MELI's underlying business fundamentals look? Do top analysts think Mercadolibre is a good buy? Why has MELI's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if MELI is a good stock to buy).
- Place your MELI trade: Decide if you will purchase MELI shares at the current market price or use a limit order to buy MELI shares at a particular price.
- Get updates on your investment in MELI: Create a watchlist to important notifications about your position in Mercadolibre shares.
Step 1: Figure out where to buy Mercadolibre stock
You need a brokerage account in order to access the NASDAQ market and buy MELI shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world markets: From Technology to Utilities, New York to London — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro offers a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal info so you can invest in MELI stock today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Enter your personal info to create a new brokerage account.
- Send your info by clicking the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you have created your account on one of the most highly reviewed stock trading apps, you need to deposit funds:
Check out the walkthrough below if you need help transferring money into your new investment account.
Step 4: Evaluate Mercadolibre stock
Once you have selected the best place to buy Mercadolibre stock, it's crucial to research their stock before you invest, so you truly wrap your head around the risk as well as the opportunity.
Mercadolibre Metrics
MELI Overview
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis quickly.
You can see all of the due diligence checks on MELI's stock page.
Is MELI stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge MELI's intrinsic value.
Using relative valuations metrics:
- MELI could be overvalued based on its P/E ratio of 85.64x, relative to Internet Retail industry P/E ratio of 81.82x
- MELI may be overvalued based on its P/B ratio of 28.71x, relative to Internet Retail industry P/B ratio of 5.02x
- MELI could be overvalued based on its PEG ratio of 3.03x
You can do additional valuation research on MELI's stock here.
MELI Financial Overview
Positive Health Checks:
- MELI's operating cash flow of $4.54B allows it to safely service it's debt of $5.53B.
- Total MELI debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the MELI balance sheet.
- There are more short-term assets than short-term liabilities on the MELI balance sheet.
- MELI profit margin has gone up from 2.7% to 6.2% in the past year.
Negative Health Checks:
- MELI earnings of $1.68B is not sufficient to cover its interest payments.
- MELI has a relatively high debt to equity ratio of 5.77.
Do analysts think it's a good time to buy MELI stock
Out of 12 Wall Street analysts who give recommendations on MELI, the consensus analyst rating on MELI is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent MELI Analyst Upgrades/Downgrades
James Friedman, a bottom 4% analyst from Susquehanna maintains MELI with a strong buy rating and raises their MELI price target from $1,500.00 to $1,625.00, on Sep 18, 2023.
Soomit Datta, a top 37% analyst from New Street Research upgrades MELI to a strong buy rating and announces their MELI price target of $1,650.00, on Sep 1, 2023.
Kaio Prato, a bottom 34% analyst from UBS maintains MELI with a strong buy rating and raises their MELI price target from $1,600.00 to $1,700.00, on Aug 30, 2023.
Scott Devitt, a top 4% analyst from Wedbush initiates coverage on MELI with a buy rating and announces their MELI price target of $1,500.00, on Aug 22, 2023.
Irma Sgarz, a top 33% analyst from Goldman Sachs maintains MELI with a strong buy rating and raises their MELI price target from $1,910.00 to $2,180.00, on Aug 9, 2023.
You can dive deeper into what analysts are projecting on the Mercadolibre stock forecast page.
MELI Momentum
Is MELI Growing Revenue?
Last year, MELI earnings were $757.00M. In the past 4 year, MELI's earnings have gone up by 211.53% per year. This was faster than the Internet Retail industry average of 25.05%.
Last year, MELI revenue was $12.14B. In the last five year, MELI's revenue has gone up by 55.88% per year. This was faster than the Internet Retail industry average of 27.91%.
You can research MELI's earnings and revenue performance here.
What are MELI insiders up to?
In the last year, executives and large shareholders at MELI have sold more shares than they have bought.
La Serna Juan Martin De, Executive VP Corporate Affairs of MELI, was the latest MELI insider to sell. They sold $187,500.00 worth of MELI stock on Mar 8, 2023.
Learn more about who owns MELI stock here.
Does MELI stock generate passive income?
No, Mercadolibre doesn't provide an income stream by paying out dividends.
What others are saying about MELI
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your MELI trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Press the Open button and eToro will place the order.
If you want additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Get updates on your investment in MELI
Now that you own some MELI stock, you'll want to stay up-to-date on your new stock purchase.
Add MELI to a watchlist to keep tabs on your MELI stock.
MELI Feed
How to Buy Stock in Mercadolibre
To reiterate, here are the 6 steps you need to take to buy Mercadolibre stock right now:
- Figure out where to buy Mercadolibre stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Evaluate Mercadolibre stock
- Place your MELI trade
- Get updates on your investment in MELI
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Mercadolibre, get started below.
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