White Knight Strategic Wealth Advisors LLC Buys 798 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

White Knight Strategic Wealth Advisors LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 96.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,626 shares of the company's stock after purchasing an additional 798 shares during the period. MercadoLibre makes up approximately 1.2% of White Knight Strategic Wealth Advisors LLC's holdings, making the stock its 22nd largest position. White Knight Strategic Wealth Advisors LLC's holdings in MercadoLibre were worth $2,765,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Human Investing LLC purchased a new stake in shares of MercadoLibre in the 4th quarter worth $26,000. Pacific Capital Wealth Advisors Inc. grew its holdings in MercadoLibre by 220.0% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the period. Brown Lisle Cummings Inc. increased its position in MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares in the last quarter. Covestor Ltd bought a new position in shares of MercadoLibre in the fourth quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at about $32,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Down 0.3%

Shares of NASDAQ:MELI opened at $2,578.35 on Tuesday. The company has a market cap of $130.71 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 12 month low of $1,550.00 and a 12 month high of $2,610.30. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $2,146.51 and a 200 day moving average price of $2,003.13.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company's revenue for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the company earned $6.78 EPS. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MELI. Benchmark lowered shares of MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Barclays increased their price objective on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Susquehanna increased their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group boosted their price objective on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, MercadoLibre currently has a consensus rating of "Moderate Buy" and an average target price of $2,521.33.

About MercadoLibre

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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