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Stock impact report

$112 Million Vote of Confidence: This 12.8% Portfolio Bet Signals Conviction in MercadoLibre [Yahoo! Finance]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
According to a SEC filing dated January 29, Coronation Fund Managers increased its stake in MercadoLibre (NASDAQ:MELI) by 53,352 shares during the fourth quarter. The estimated value of the trade was $112.06 million based on the average closing price for the period. The position's total value at quarter's end was $285.59 million, up by $78.93 million from the previous filing and reflecting both new purchases and share price changes. Coronation Fund Managers increased its MercadoLibre position, bringing the stake to 12.81% of its $2.23 billion reportable AUM as of December 31. Top holdings after the filing: NASDAQ:MELI: $285.59 million (12.8% of AUM) NYSE:SE: $285.19 million (12.8% of AUM) NYSE:NU: $241.11 million (10.8% of AUM) NYSE:CPNG: $140.04 million (6.3% of AUM) NASDAQ:MMYT: $102.76 million (4.6% of AUM) As of January 28, MercadoLibre shares were priced at $2,268.60, up 19.7% over the past year and outperforming the S&P 500 by 4.68 percentage points. Metric Show less Read more
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