MercadoLibre, Inc. $MELI is Ashoka WhiteOak Capital Pte Ltd’s 5th Largest Position

Ashoka WhiteOak Capital Pte Ltd increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 169.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,036 shares of the company’s stock after acquiring an additional 3,166 shares during the period. MercadoLibre makes up approximately 3.9% of Ashoka WhiteOak Capital Pte Ltd’s investment portfolio, making the stock its 5th biggest position. Ashoka WhiteOak Capital Pte Ltd’s holdings in MercadoLibre were worth $10,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wilkinson Global Asset Management LLC grew its position in MercadoLibre by 2.3% in the third quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock worth $528,000 after acquiring an additional 5 shares in the last quarter. Hardy Reed LLC boosted its position in shares of MercadoLibre by 4.0% during the third quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after buying an additional 5 shares during the period. Rothschild Investment LLC boosted its position in shares of MercadoLibre by 35.7% during the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after buying an additional 5 shares during the period. Interchange Capital Partners LLC boosted its position in shares of MercadoLibre by 2.1% during the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock valued at $490,000 after buying an additional 5 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in shares of MercadoLibre by 2.0% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock valued at $605,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 4.6%

Shares of NASDAQ MELI opened at $1,557.30 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market capitalization of $78.96 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 0.83 and a beta of 1.41. The stock has a 50 day moving average price of $1,749.43 and a 200 day moving average price of $1,959.91. MercadoLibre, Inc. has a 52-week low of $1,536.71 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The firm had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 30.84%. The firm’s revenue for the quarter was up 49.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.74 EPS. Sell-side analysts expect that MercadoLibre, Inc. will post 47.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MELI. Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Benchmark dropped their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research report on Friday. Daiwa Securities Group lowered MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 target price for the company. in a research report on Friday. Morgan Stanley dropped their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Raymond James Financial set a $2,000.00 target price on MercadoLibre in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $2,442.00.

MercadoLibre News Roundup

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Michael Burry reportedly bought MercadoLibre after the post-earnings weakness, which may signal that some investors see the pullback as a buying opportunity. MELI stock rises overnight after post-earnings tumble: Michael Burry buys the dip even as analysts flag caution
• Positive Sentiment: Several articles highlighted MercadoLibre’s long-term growth story in ecommerce, digital payments, and logistics across Latin America, reinforcing the bull case for the stock. MercadoLibre (MELI) Believed To Be Powering Commerce Across An Entire Continent
• Positive Sentiment: Coverage suggesting the stock may still be attractive after a steep share-price decline could encourage value-oriented buyers to step in. Is MercadoLibre (MELI) Still Attractive After A 35% Share Price Slide?
• Neutral Sentiment: Analyst-focused articles noted generally optimistic Wall Street ratings, but these reports were more commentary on consensus than fresh fundamental news. Is MercadoLibre (MELI) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: MarketBeat’s note on short interest showed no meaningful short position data change, so it does not appear to be a major price driver. Short interest update
• Negative Sentiment: BTIG reportedly cut its price target on MercadoLibre, and other broker commentary turned more cautious, which can weigh on sentiment. BTIG Research Cuts MercadoLibre (NASDAQ:MELI) Price Target to $2,150.00
• Negative Sentiment: Additional research notes described the stock as trading down because margin pressure from heavy growth investment is still a concern for investors. MELI Q1 Deep Dive: Strategic Investment Drives Revenue Growth but Compresses Margins

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.