Coronation Fund Managers 13F: Cuts MELI Stake by $14M

On October 27, 2026, Coronation Fund Managers trimmed its position in MercadoLibre, Inc. (MELI) by 7,967 shares, now holding a total of 195,706 shares valued at approximately $338.3 million. This reduction represents a 3.9% decrease in its stake, as disclosed in the fund's latest Form 13F filing with the SEC.

MELI MercadoLibre, Inc.

$1,680.51 ▼ -14.85% year to date

1M 3M YTD

Daily close · Oct 27, 2026

Where MercadoLibre Fits in Coronation Fund Managers' Portfolio

MercadoLibre is the largest position in Coronation's portfolio, making up about 19.3% of its total reported value of $1.75 billion. This position ranks first among the fund's holdings.

Other Institutional Activity in MercadoLibre

Several other funds have recently adjusted their positions in MercadoLibre. Baillie Gifford & Co reduced its holdings by 192,693 shares, now holding 3,040,410 shares valued at approximately $5.1 billion. Meanwhile, Capital International Investors increased its stake by 135,882 shares, bringing its total to 1,873,498 shares worth about $3.1 billion. Eagle Capital Management LLC saw a significant increase of 621,034 shares, now holding 1,406,953 shares valued at around $2.4 billion.

MercadoLibre, Inc. Stock Down 7.1%

As of October 27, 2026, MercadoLibre shares closed at $1,680.51. Recently, the stock traded around $1,681.95, which is about equal to its closing price. However, it is currently below its 50-day moving average by 9.4% and its 200-day moving average by 7.7%. The stock is down about 30.7% from its 52-week high of $2,428.

Recent Earnings

For the trailing twelve months, MercadoLibre reported revenue of approximately $35.2 billion, with a year-over-year growth rate of 49.8%. The company has a net profit margin of 5.3% and a return on equity of 27.5%. The next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at MercadoLibre, Inc.

Several insiders have made notable trades recently. Director Henrique Vasoncelos Dubugras sold 845 shares on December 12, 2025, at an average price of $2,028.14, totaling about $1.7 million. Officer Marcelo Melamud purchased 57 shares on February 27, 2026, for approximately $100,079 at an average price of $1,755.77. On June 11, 2026, Melamud also bought 124 shares at $1,604.62, valued at $200,000.

Analysts Set New Price Targets

On October 27, 2026, Citigroup upgraded MercadoLibre to a Buy rating with a target price of $2,050. BTIG also maintained a Buy rating with a target of $2,150. The consensus from analysts suggests a mean price target of approximately $2,273.86, with 26 opinions indicating a Buy recommendation.

About MercadoLibre

MercadoLibre, Inc. operates online commerce platforms across Latin America, including Brazil, Mexico, and Argentina. It offers a marketplace for buying and selling goods and a financial technology platform called Mercado Pago, which provides various financial services. This recent trimming of shares by Coronation Fund Managers highlights the fund's significant investment in this leading e-commerce player in the region.

Bottom Line

Investors should keep an eye on MercadoLibre's upcoming earnings report on November 4, 2026, and watch for any further filings from Coronation Fund Managers regarding their position in this stock. This reduction in stake reflects ongoing adjustments in the fund's portfolio strategy.