MELI
Not exactly a breakup
Mirae Asset Global Investments Co. Ltd. trimmed its MercadoLibre stake by 14.2% in the fourth quarter, selling 4,390 shares and leaving it with 26,499 shares worth about $53.38 million. That’s not a dramatic “we’re out” move — more like shaving a hedge after a long run.
Why you should care
For MercadoLibre bulls, the bigger headline is that the stock is still sitting in the institutional-ownership spotlight. When a name is valued like a spaceship and traded like one too, every portfolio tweak gets extra attention, even if it’s just one fund rebalancing the books.
The analyst chatter in the background
The article also notes that several brokerages have recently nudged price targets lower — Morgan Stanley, Wedbush, Cantor Fitzgerald, and Barclays among them — while the overall consensus still lands at a “Moderate Buy.” So you’ve got the classic setup: some Wall Street whispering, some long-term believers still hanging on, and a stock that’s down about 2.7% in the session.
Big picture
This isn’t a thesis-changing bombshell. It’s more like background noise in a stock that investors keep treating as one of Latin America’s most important growth stories.