526 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by White Oak Capital Partners Pte. Ltd.

White Oak Capital Partners Pte. Ltd. purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 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 investment portfolio, making the stock its 5th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of MercadoLibre in the 3rd quarter valued at $12,784,000. Anchor Investment Management LLC increased its holdings in shares of MercadoLibre by 19.1% in the third quarter. Anchor Investment Management LLC now owns 629 shares of the company's stock worth $1,291,000 after acquiring an additional 101 shares in the last quarter. World Investment Advisors LLC raised its position in shares of MercadoLibre by 35.7% during the third quarter. World Investment Advisors LLC now owns 475 shares of the company's stock worth $975,000 after purchasing an additional 125 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of MercadoLibre during the 3rd quarter valued at about $977,000. Finally, Tidal Investments LLC increased its stake in MercadoLibre by 59.7% during the 3rd quarter. Tidal Investments LLC now owns 15,829 shares of the company's stock worth $32,480,000 after purchasing an additional 5,918 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. The Goldman Sachs Group upped their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Cantor Fitzgerald cut their price target on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective for the company in a report on Tuesday, January 21st. Finally, New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and boosted 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, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, MercadoLibre has a consensus rating of "Buy" and a consensus target price of $2,464.67.

MercadoLibre Stock Performance

NASDAQ:MELI traded down $35.19 during mid-day trading on Monday, hitting $2,190.66. The stock had a trading volume of 125,032 shares, compared to its average volume of 384,666. The company's 50 day simple moving average is $2,050.36 and its 200 day simple moving average is $1,965.16. The stock has a market cap of $111.06 billion, a price-to-earnings ratio of 58.27, a PEG ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a twelve month low of $1,419.86 and a twelve month high of $2,374.54.

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

MercadoLibre Company 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.