Mercado LibreMELI
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)
94% more first-time investments, than exits
New positions opened: 182 | Existing positions closed: 94
19% more capital invested
Capital invested by funds: $69.1B [Q2] → $81.9B (+$12.8B) [Q3]
7% more funds holding
Funds holding: 1,180 [Q2] → 1,268 (+88) [Q3]
7% more funds holding in top 10
Funds holding in top 10: 67 [Q2] → 72 (+5) [Q3]
1% more repeat investments, than reductions
Existing positions increased: 452 | Existing positions reduced: 446
4.22% less ownership
Funds ownership: 83.5% [Q2] → 79.28% (-4.22%) [Q3]
25% less call options, than puts
Call options by funds: $2.33B | Put options by funds: $3.13B
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Citigroup Tobias Stingelin 25% 1-year accuracy 1 / 4 met price target | 42%upside $2,450 | Buy Maintained | 26 Nov 2024 |
JP Morgan Marcelo Santos 67% 1-year accuracy 4 / 6 met price target | 25%upside $2,150 | Neutral Maintained | 13 Nov 2024 |
Barclays Trevor Young 55% 1-year accuracy 17 / 31 met price target | 28%upside $2,200 | Overweight Maintained | 12 Nov 2024 |
Morgan Stanley Andrew Ruben 0% 1-year accuracy 0 / 2 met price target | 42%upside $2,450 | Overweight Maintained | 11 Nov 2024 |
BTIG Marvin Fong 67% 1-year accuracy 10 / 15 met price target | 28%upside $2,200 | Buy Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 18 articles about MELI published over the past 30 days