MayTech Global Investments Trims Its $59 Million MercadoLibre Position: Should Investors Take Some Profits Too?

Core Insights - MayTech Global Investments disclosed a sale of 1,148 shares of MercadoLibre, reducing its position by approximately $2.7 million, bringing its total holdings to 25,081 shares valued at $58.6 million at the end of the third quarter [1][2]. Company Overview - MercadoLibre is a leading e-commerce and fintech platform in Latin America, with a market capitalization of $106.7 billion and a revenue of $26.2 billion over the trailing twelve months (TTM) [4][5]. - The company offers a wide range of services including e-commerce platforms, digital payments (Mercado Pago), logistics (Mercado Envios), credit, investment products, classifieds, advertising, and digital storefront solutions [7]. Financial Performance - As of November 11, 2025, MercadoLibre shares were priced at $2,099.57, reflecting a 7% increase over the past year, although this underperformed the S&P 500 by 2 percentage points [3]. - The company has demonstrated robust growth, with sales increasing by more than 35% annually over the last year, five years, and ten years [11]. Investment Position - Following the recent sale, MercadoLibre now accounts for 6.1% of MayTech Global Investments' assets under management (AUM), down from 7.0% in the previous quarter [3][6]. - The top holdings of MayTech Global Investments include Nvidia, Alphabet, Meta Platforms, Amazon, and MercadoLibre, with MercadoLibre valued at $58.6 million [6]. Market Context - MercadoLibre is viewed as a key player in the rapidly expanding digital economy in Latin America, leveraging its integrated marketplace and logistics infrastructure to drive growth [8]. - Despite trading at 50 times forward earnings, MercadoLibre's growth story remains compelling, indicating potential for future investment opportunities [12].