White Oak Capital Partners Pte. Ltd. Takes Position in MercadoLibre, Inc. (NASDAQ:MELI)

White Oak Capital Partners Pte. Ltd. acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 526 shares of the company's stock, valued at approximately $906,000. MercadoLibre comprises approximately 0.5% of White Oak Capital Partners Pte. Ltd.'s holdings, making the stock its 5th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its holdings in MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock valued at $2,370,848,000 after buying an additional 405,425 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of MercadoLibre by 35.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 772 shares of the company's stock valued at $1,313,000 after acquiring an additional 200 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of MercadoLibre by 94.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,714 shares of the company's stock valued at $2,915,000 after acquiring an additional 832 shares in the last quarter. Mirabella Financial Services LLP lifted its holdings in MercadoLibre by 66.7% in the 4th quarter. Mirabella Financial Services LLP now owns 3,598 shares of the company's stock worth $6,115,000 after purchasing an additional 1,439 shares during the last quarter. Finally, Norinchukin Bank The boosted its position in MercadoLibre by 8.3% during the fourth quarter. Norinchukin Bank The now owns 511 shares of the company's stock worth $869,000 after purchasing an additional 39 shares during the period. Institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $2,128.33 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $2,045.33 and a 200 day moving average price of $1,961.90. The firm has a market capitalization of $107.90 billion, a PE ratio of 56.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a 12-month low of $1,341.00 and a 12-month high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley dropped their price target on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Susquehanna lifted their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. The Goldman Sachs Group upped their price target on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Wedbush dropped their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Finally, New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and increased their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $2,415.94.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; 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.

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