ICONIQ Capital LLC Sells 2,316 Shares of MercadoLibre, Inc. $MELI

Key Points

• ICONIQ Capital trimmed its position in MercadoLibre by 26.4%, selling 2,316 shares and leaving 6,452 shares worth about $15.08 million, making MELI its 26th largest holding.
• Market pressure has been driven by a JPMorgan downgrade (to Neutral, PT cut to $2,100), an EPS miss ($11.03 vs. $11.66) despite strong revenue growth, and MercadoLibre’s planned ~$3.4 billion Argentina investment that raises near‑term margin concerns.
• Institutional ownership is high (87.62%) with large recent moves (e.g., Dragoneer’s ~$241.6M new stake, Brevan Howard’s +847.8% increase), while analysts’ consensus is a Moderate Buy with an average target of $2,725.33 versus the current ~ $1,670 share price.

ICONIQ Capital LLC trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 26.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,452 shares of the company's stock after selling 2,316 shares during the quarter. MercadoLibre accounts for 0.2% of ICONIQ Capital LLC's holdings, making the stock its 26th largest holding. ICONIQ Capital LLC's holdings in MercadoLibre were worth $15,078,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MELI. Focus Partners Wealth raised its holdings in shares of MercadoLibre by 57.8% in the third quarter. Focus Partners Wealth now owns 1,032 shares of the company's stock valued at $2,412,000 after acquiring an additional 378 shares in the last quarter. Delta Global Management LP purchased a new stake in MercadoLibre in the third quarter worth about $1,519,000. Dragoneer Investment Group LLC bought a new position in MercadoLibre during the 3rd quarter worth about $241,591,000. EFG Asset Management Americas Corp. bought a new position in MercadoLibre during the 3rd quarter worth about $1,741,000. Finally, Brevan Howard Capital Management LP increased its position in MercadoLibre by 847.8% during the 3rd quarter. Brevan Howard Capital Management LP now owns 3,791 shares of the company's stock valued at $8,944,000 after purchasing an additional 3,391 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Analysts and commentators still point to MELI’s long track record of “monster” growth and say the stock looks cheaper on valuation metrics versus its historical multiple, which supports a longer‑term recovery thesis. The Latin American Stock Delivering Monster Growth at a Record-Low Valuation
• Neutral Sentiment: Consensus analyst positioning remains skewed positive (many buy/strong‑buy ratings and a substantially higher consensus price target), creating a potential catalyst for a rebound if sentiment stabilizes — but that gap also highlights downside risk while catalysts play out. MercadoLibre’s $2,100 Price Target: Can MELI Recover From Its 17% Monthly Slide?
• Negative Sentiment: JPMorgan downgraded MELI from Overweight to Neutral and cut its price target (from $2,650 to $2,100), explicitly flagging margin pressures and reducing its bullish stance — a primary driver of the recent selloff. MercadoLibre (MELI) Stock Plummets 7% as JPMorgan Abandons Bullish Stance
• Negative Sentiment: MercadoLibre’s plan to invest ~$3.4B in Argentina (expanding logistics, fintech and hiring) is growth‑oriented but raises near‑term margin and cash‑flow concerns; investors are weighing capex upside vs immediate profit pressure. MercadoLibre’s Argentina Bet Expands Logistics And Fintech But Tests Margins
• Negative Sentiment: Macro/geopolitical risk (intensifying U.S.‑Israeli conflict with Iran) has hit growth names and specifically pressured MELI shares in recent sessions as investors move to de‑risk. Why MercadoLibre (MELI) Shares Are Sliding Today
• Negative Sentiment: Short‑term sentiment also reflects recent earnings dynamics (an EPS miss vs. estimates despite strong revenue growth) and analysts’ margin concerns, magnifying downside after the downgrade and headlines. Here's Why MercadoLibre (MELI) Fell More Than Broader Market

Analysts Set New Price Targets

Several equities research analysts have recently commented on MELI shares. Dbs Bank upgraded shares of MercadoLibre from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 2nd. Cantor Fitzgerald cut their price objective on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an "overweight" rating on the stock in a report on Wednesday, February 25th. BTIG Research reduced their price objective on shares of MercadoLibre from $2,750.00 to $2,650.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Itau BBA Securities restated an "outperform" rating on shares of MercadoLibre in a report on Wednesday, February 25th. Finally, Weiss Ratings cut MercadoLibre from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,725.33.

MercadoLibre Stock Down 0.6%

NASDAQ:MELI opened at $1,670.00 on Monday. MercadoLibre, Inc. has a fifty-two week low of $1,631.18 and a fifty-two week high of $2,645.22. The stock has a market capitalization of $84.67 billion, a P/E ratio of 42.39, a P/E/G ratio of 0.89 and a beta of 1.48. 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 company's 50-day simple moving average is $1,996.22 and its 200-day simple moving average is $2,115.41.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.66 by ($0.63). The firm had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The firm's quarterly revenue was up 44.6% on a year-over-year basis. During the same period in the previous year, the firm earned $12.61 EPS. On average, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

About MercadoLibre

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.

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