Major Fund Bets $301 Million on MercadoLibre — Is the Stock a Buy as Shares Retreat From Record Highs?

One of Latin America’s fastest-growing tech giants is back on institutional buy lists — here’s why that matters now.New York City-based D1 Capital Partners initiated a new position in MercadoLibre (MELI 3.41%), acquiring 128,803 shares valued at approximately $301 million, according to a November 14 SEC filing.What HappenedAccording to a U.S. Securities and Exchange Commission (SEC) filing dated November 14, D1 Capital Partners L.P. established a new position in MercadoLibre (MELI 3.41%) during the third qu ...