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MercadoLibre, Inc. (MELI)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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1,511.96-10.69 (-0.70%)
At close: 04:00PM EDT
1,515.00 +3.04 (+0.20%)
After hours: 07:59PM EDT
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Trade prices are not sourced from all markets
Previous close1,522.65
Open1,522.65
Bid1,512.32 x 100
Ask1,514.91 x 100
Day's range1,509.34 - 1,534.14
52-week range1,063.02 - 1,825.00
Volume252,497
Avg. volume399,293
Market cap76.652B
Beta (5Y monthly)1.45
PE ratio (TTM)77.46
EPS (TTM)19.52
Earnings date01 May 2024 - 06 May 2024
Forward dividend & yieldN/A (N/A)
Ex-dividend date28 Dec 2017
1y target est1,812.62
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  • Reuters

    MercadoLibre to increase investments in Brazil to $4.6 billion in 2024

    Latin American e-commerce giant MercadoLibre said on Tuesday it plans to invest a record 23 billion reais ($4.6 billion) in 2024 in Brazil, its main market, a 21.1% increase from 2023. The amount, which includes investments and also some expenses seen by the company as strategic, represents an acceleration on the pace of the company's annual investments in Brazil after a 11.5% rise in 2023. Fernando Yunes, a senior vice-president at MercadoLibre and the leader of its marketplace operations in Brazil, told Reuters this acceleration could be attributed to the firm's intention to keep gaining share in the country in 2024 and to expectations of a slightly better market when compared to last year.