According to its SEC filing dated April 17, 2026, Sara-Bay Financial increased its position in MercadoLibre (NASDAQ:MELI) by 6,288 shares during the first quarter. The estimated value of this purchase is $12.13 million, based on the average closing price over the quarter. At quarter-end, the position was valued at $11.18 million, an increase of $10.82 million from the prior filing period, reflecting both additional shares and price movement.
Sara-Bay Financial added to its MercadoLibre position, bringing the stake to 3.36% of 13F reportable AUM.
As of April 16, 2026, MercadoLibre shares were trading at $1,822.13, down 10% over the past year and underperforming the S&P 500 by 45 percentage points.
|
Metric |
Value |
|---|---|
|
Price (as of market close 2026-04-16) |
$1,822.13 |
|
Market Capitalization |
$94.55 billion |
|
Revenue (TTM) |
$28.89 billion |
|
Net Income (TTM) |
$2.00 billion |
MercadoLibre:
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Operates the Mercado Libre Marketplace, Mercado Pago fintech platform, Mercado Envios logistics, and additional digital commerce solutions across Latin America.
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Generates revenue primarily through transaction fees, payment processing, logistics services, advertising, and financial products for merchants and consumers.
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Serves businesses, merchants, and individual consumers throughout Latin America, with a focus on e-commerce and digital financial services.
MercadoLibre is a leading e-commerce and fintech platform in Latin America, leveraging its integrated marketplace and payment infrastructure to drive growth at scale. The company combines online retail, digital payments, and logistics to create a comprehensive ecosystem for both buyers and sellers. Its broad reach and continuous innovation in financial technology provide a significant competitive advantage in a rapidly expanding digital market.
I’ve seen several firms adding MercadoLibre shares recently, and I love to see Sara-Bay Financial do the same, since I am a shareholder. Sara-Bay has held numerous positions since 2020, so it typically takes a long-term view, which is nice to see as a Foolish investor. While it made small adds to MELI stock in Q3 and Q4 last year, it ramped up its bet in a major way in Q1, making the company its 9th-largest holding now.
MercadoLibre’s stock remains 29% below its 52-week high, but I’d argue that its operations look as strong as ever, so I’ll also continue to “buy the dip” on this long-term outperformer. Growing sales, unique active buyers, and fintech monthly active users by 45%, 24%, and 27%, respectively, MercadoLibre continues to fire on all cylinders, even though its stock has taken a breather.
