Mercado Libre (MELI)

• Market cap: $95.3B
• 1 day: 0.20%
• 5 days: -0.75%
• 1 month: -7.55%
• 3 months: -5.83%
• 6 months: 9.40%
• Year to date: 22.94%
• 1 year: 30.32%
• 5 years: 241.76%
• 10 years: 1,306.03%
• Sector: Industrials
• Industry: Business Services

About: MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.

Employees: 58,313

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

57% more first-time investments, than exits

New positions opened: 180 | Existing positions closed: 115

19% more capital invested

Capital invested by funds: $69.1B [Q2] → $81.9B (+$12.8B) [Q3]

6% more funds holding in top 10

Funds holding in top 10: 67 [Q2] → 71 (+4) [Q3]

6% more funds holding

Funds holding: 1,178 [Q2] → 1,243 (+65) [Q3]

1% more repeat investments, than reductions

Existing positions increased: 443 | Existing positions reduced: 438

4.24% less ownership

Funds ownership: 83.49% [Q2] → 79.24% (-4.24%) [Q3]

25% less call options, than puts

Call options by funds: $2.33B | Put options by funds: $3.13B

Research analyst outlook

18 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $2,150 14% upside
• Avg. target: $2,407 28% upside
• High target: $2,800 49% upside

18 analyst ratings

• positive: 16 89%
• neutral: 2 11%
• negative: 0 0%

JP Morgan Marcelo Santos 57% 1-year accuracy 4 / 7 met price target	14% upside $2,150	Neutral Maintained	13 Nov 2024
Barclays Trevor Young 62% 1-year accuracy 18 / 29 met price target	17% upside $2,200	Overweight Maintained	12 Nov 2024
Morgan Stanley Andrew Ruben 0% 1-year accuracy 0 / 1 met price target	30% upside $2,450	Overweight Maintained	11 Nov 2024
BTIG Marvin Fong 73% 1-year accuracy 11 / 15 met price target	17% upside $2,200	Buy Maintained	7 Nov 2024
Cantor Fitzgerald Deepak Mathivanan 70% 1-year accuracy 28 / 40 met price target	22% upside $2,300	Overweight Maintained	7 Nov 2024