Ashoka WhiteOak Capital Pte Ltd Acquires 400 Shares of MercadoLibre, Inc. $MELI

Ashoka WhiteOak Capital Pte Ltd raised its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 27.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,870 shares of the company’s stock after buying an additional 400 shares during the period. MercadoLibre makes up about 2.6% of Ashoka WhiteOak Capital Pte Ltd’s investment portfolio, making the stock its 5th largest holding. Ashoka WhiteOak Capital Pte Ltd’s holdings in MercadoLibre were worth $4,755,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Twin Tree Management LP acquired a new position in shares of MercadoLibre in the 1st quarter valued at $29,000. Darwin Wealth Management LLC acquired a new stake in MercadoLibre during the 2nd quarter worth about $29,000. Saudi Central Bank purchased a new stake in MercadoLibre during the first quarter valued at about $35,000. McIlrath & Eck LLC boosted its holdings in shares of MercadoLibre by 375.0% in the first quarter. McIlrath & Eck LLC now owns 19 shares of the company’s stock worth $37,000 after buying an additional 15 shares during the period. Finally, Highline Wealth Partners LLC boosted its holdings in shares of MercadoLibre by 366.7% in the second quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock worth $37,000 after buying an additional 11 shares during the period. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MELI has been the subject of a number of research analyst reports. UBS Group reduced their target price on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a report on Monday, November 24th. Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Benchmark decreased their price objective on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Citigroup lowered their target price on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Finally, Susquehanna reduced their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,842.94.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,005.71 on Friday. The stock has a market capitalization of $101.69 billion, a P/E ratio of 48.94, a P/E/G ratio of 1.49 and a beta of 1.42. The business has a 50-day moving average of $2,088.89 and a two-hundred day moving average of $2,275.95. MercadoLibre, Inc. has a fifty-two week low of $1,693.01 and a fifty-two week high of $2,645.22. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.17 and a quick ratio of 1.15.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The company had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 39.03%. The firm’s revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the business posted $7.83 earnings per share. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the transaction, the director directly owned 257 shares in the company, valued at approximately $521,034.09. This trade represents a 14.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,136 shares of company stock valued at $2,308,788. Company insiders own 0.25% of the company’s stock.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.