MercadoLibre, Inc. $MELI Stock Sold by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management reduced its MercadoLibre position by 18.8% in the third quarter, selling 1,492 shares and retaining 6,444 shares valued at approximately $11.1 million. Institutional investors and hedge funds collectively own 87.62% of the stock.
• MercadoLibre reported strong operating momentum, with quarterly revenue rising 49.8% year over year to $10.17 billion and EPS of $9.19, beating analyst expectations. However, the stock opened at $1,668.72, down 7.8%, amid political concerns in Brazil and valuation and margin-pressure risks.
• Wall Street’s average rating remains “Moderate Buy”, with 12 analysts issuing Buy ratings and six assigning Hold ratings; the average price target is $2,251.88, despite some firms recently lowering their targets.

Apollon Wealth Management LLC trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 18.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,444 shares of the company's stock after selling 1,492 shares during the period. Apollon Wealth Management LLC's holdings in MercadoLibre were worth $11,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wedbush Fund Advisers LLC acquired a new position in MercadoLibre during the 2nd quarter worth approximately $29,000. Twin Lakes Capital Management LLC purchased a new position in MercadoLibre in the second quarter valued at about $31,000. NBT Bank N.A. purchased a new position in MercadoLibre in the third quarter valued at about $35,000. Markowski Investments acquired a new stake in MercadoLibre during the 2nd quarter valued at approximately $36,000. Finally, Byrne Asset Management LLC acquired a new stake in MercadoLibre during the 3rd quarter valued at approximately $40,000. 87.62% of the stock is owned by institutional investors and hedge funds.

More MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Some analysts view the post-election selloff as a potential buying opportunity. MercadoLibre continues to benefit from strong e-commerce sales, rising buyer engagement and logistics improvements, while recent earnings showed revenue growth of nearly 50% year over year and a quarterly EPS beat. Why MercadoLibre stock's post-election dip is a buying opportunity
• Positive Sentiment: MercadoLibre was identified as one of several stocks potentially marked down too far ahead of important earnings or other catalysts. A reported average analyst price target of $2,251.88 also suggests substantial upside if political concerns ease and business momentum continues. Buy the Dip: 4 Stocks the Market Marked Down Too Far Ahead of Big Catalysts
• Neutral Sentiment: Compared with Uber Technologies, MercadoLibre generates less revenue in absolute terms, although both companies have maintained a consistent upward revenue trend through mid-2026. The comparison highlights MercadoLibre’s smaller scale but does not indicate a change in its growth trajectory. MercadoLibre vs. Uber Technologies: Comparing Recent Quarterly Revenue Trends
• Neutral Sentiment: Data reporting a large increase in short interest simultaneously lists total short interest at zero shares and a zero-day days-to-cover ratio. If accurate, this provides no evidence of meaningful short-selling pressure or a potential short squeeze.
• Negative Sentiment: President Luiz Inácio Lula da Silva’s surprise election victory disrupted expectations for a more market-friendly Brazilian administration. Investors are reducing bets on tighter government spending and lower corporate taxes, pressuring Brazil-focused equities and MercadoLibre in particular. Brazilian Stocks Tumble as Lula Wins Surprise Fourth Term
• Negative Sentiment: Despite robust marketplace growth, investors remain concerned that margin pressure and MercadoLibre’s premium valuation leave less room for political or macroeconomic disappointments. Can MercadoLibre Keep Expanding Marketplace Leadership?

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MELI. Cantor Fitzgerald dropped their price objective on MercadoLibre from $2,300.00 to $2,200.00 and set an "overweight" rating on the stock in a report on Monday, October 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MercadoLibre in a research report on Tuesday, September 29th. Citigroup reduced their price target on shares of MercadoLibre from $2,150.00 to $2,100.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 13th. New Street Research assumed coverage on MercadoLibre in a research note on Wednesday, September 23rd. They issued a "buy" rating and a $2,450.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their target price on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and an average price target of $2,251.88.

MercadoLibre Stock Down 7.8%

NASDAQ:MELI opened at $1,668.72 on Tuesday. The firm has a market capitalization of $84.60 billion, a PE ratio of 49.23, a price-to-earnings-growth ratio of 1.27 and a beta of 1.31. The stock has a 50 day moving average of $1,859.34 and a 200-day moving average of $1,828.64. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,428.00. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $9.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.65 by $0.54. The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%. The business's revenue for the quarter was up 49.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.31 EPS. Analysts predict that MercadoLibre, Inc. will post 38.09 EPS for the current year.

MercadoLibre Company Profile

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company initially developed an online marketplace and has expanded into a broad platform connecting buyers and sellers with businesses and consumers.

Its commerce operations include the MercadoLibre marketplace, where users can purchase and sell products across numerous categories. The company also offers supporting services such as Mercado Envíos for shipping and logistics, Mercado Ads for digital advertising, and tools for merchants to manage their online businesses.

MercadoLibre's financial technology business is centered on Mercado Pago, which provides digital payment processing, online checkout, money transfer and account services.

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