Mercado Libre (MELI)

• Market cap: $93.1B
• 1 day: -0.06%
• 5 days: 5.52%
• 1 month: 1.49%
• 3 months: -11.13%
• 6 months: 9.93%
• Year to date: 4.02%
• 1 year: 12.27%
• 5 years: 172.80%
• 10 years: 1,399.02%
• 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)

128% more first-time investments, than exits

New positions opened: 182 | Existing positions closed: 80

18% more capital invested

Capital invested by funds: $72.1B [Q2] → $85.4B (+$13.3B) [Q3]

8% more funds holding

Funds holding: 1,180 [Q2] → 1,269 (+89) [Q3]

7% more funds holding in top 10

Funds holding in top 10: 67 [Q2] → 72 (+5) [Q3]

2% more repeat investments, than reductions

Existing positions increased: 453 | Existing positions reduced: 446

4.48% less ownership

Funds ownership: 87.09% [Q2] → 82.61% (-4.48%) [Q3]

28% less call options, than puts

Call options by funds: $2.38B | Put options by funds: $3.29B

Research analyst outlook

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

• Low target: $1,950 6% upside
• Avg. target: $2,236 22% upside
• High target: $2,450 33% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

JP Morgan Marcelo Santos 75% 1-year accuracy 6 / 8 met price target	6% upside $1,950	Neutral Maintained	8 Jan 2025
Wedbush Scott Devitt 75% 1-year accuracy 42 / 56 met price target	14% upside $2,100	Outperform Maintained	6 Jan 2025
Citigroup Tobias Stingelin 25% 1-year accuracy 1 / 4 met price target	33% upside $2,450	Buy Maintained	26 Nov 2024
Barclays Trevor Young 54% 1-year accuracy 15 / 28 met price target	20% upside $2,200	Overweight Maintained	12 Nov 2024
Morgan Stanley Andrew Ruben 0% 1-year accuracy 0 / 2 met price target	33% upside $2,450	Overweight Maintained	11 Nov 2024