Why One Brazil Fund Opened an $11 Million Position in MercadoLibre Despite a Steep One-Year Stock Drop

On May 11, 2026, Brazil-based Investidor Profissional Gestao de Recursos disclosed a new position in MercadoLibre (NASDAQ:MELI), buying 5,881 shares in a trade estimated at $11.34 million based on quarterly average pricing.According to a SEC filing dated May 11, 2026, Investidor Profissional Gestao de Recursos initiated a new position in MercadoLibre during the first quarter by acquiring 5,881 shares. The estimated transaction value was $11.34 million, calculated using the average unadjusted closing price for the quarter. At quarter-end, the position was valued at $10.17 million, a figure that reflects both the purchase and subsequent price movement.MercadoLibre is a leading e-commerce and fintech provider in Latin America. The company leverages its integrated marketplace, payment, and logistics platforms to enable seamless digital commerce and financial transactions. Its broad service ecosystem and strong regional presence provide a competitive advantage in serving both merchants and consumers across diverse markets.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool