CTC 13F: Adds $12M to MercadoLibre (MELI) Stake

In its latest 13F filing with the SEC, CTC revealed a substantial increase in its commitment to MercadoLibre, Inc. (NASDAQ: MELI). The investment firm grew its position by 90.1%, purchasing an additional 7,351 shares. This move brings CTC's total ownership to 15,506 shares, which were valued at approximately $26.1 million at the end of the reporting period on May 21, 2026. Because 13F filings are backward-looking, this data shows what the fund held as of the end of the quarter and may not reflect its current portfolio.

CTC Doubles Down on MercadoLibre

This latest purchase is a sharp turn for CTC, which previously held 8,155 shares of the company. By nearly doubling its stake, the firm is showing a renewed interest in the Latin American retail space. This move stands in contrast to some of the firm's other recent activity. Earlier in May, CTC was busy cleaning out its portfolio, liquidating its entire positions in companies like Upstart Holdings, JD.com, and Super Micro Computer. The firm also significantly pared back its investment in Bank of America, cutting that stake by 64%. The decision to aggressively buy MercadoLibre while exiting other tech and retail names suggests the fund is concentrating its capital on specific high-growth leaders.

MercadoLibre Stock Performance

On Friday, shares of MercadoLibre were trading at $1,683.13. The stock has seen some volatility recently and is currently trading below its 50-day moving average of $1,859.90 and its 200-day moving average of $1,832.53. This puts the current price closer to the lower end of its 52-week range, which spans from $1,495.00 to $2,428.00. Investors often watch these moving averages to see if a stock is losing momentum or finding a new floor. With a price-to-earnings (P/E) ratio of 50.5, the market is still pricing in significant growth expectations for the company.

High Growth and Solid Margins

MercadoLibre continues to show why it is a favorite for growth-oriented investors. The company reported revenue of $35.18 billion with a growth rate of 49.8%. While it maintains a massive operation, it is also turning a profit, reporting a net margin of 5.3% and a return on equity of 27.5%. These figures show that the company is successfully scaling its business while staying profitable. Shareholders are looking toward November 4, 2026, when the company is expected to release its next round of financial results.

Analysts Set New Price Targets

Professional analysts have been busy adjusting their targets for the e-commerce giant throughout late 2026. On October 13, Citigroup maintained a Neutral rating but lowered its price target to $2,100.00. A day earlier, Cantor Fitzgerald kept an Overweight rating but trimmed its target to $2,200.00. Susquehanna was more optimistic on October 6, maintaining a Positive rating and raising its price target to $2,500.00. Earlier in the year, BTIG reiterated a Buy rating with a $2,150.00 target. Overall, the 26 analysts covering the stock have a consensus buy rating and an average price target of $2,270.01, suggesting they believe the stock has room to climb from its current levels.

About MercadoLibre, Inc.

Based in Uruguay, MercadoLibre is often called the Amazon of Latin America. It runs a massive online marketplace used by millions in Brazil, Mexico, and Argentina. Beyond just selling goods, the company has built a powerful financial ecosystem through Mercado Pago, which handles digital payments and loans. It also manages its own shipping network, Mercado Envios, to ensure products get to customers quickly in regions where logistics can be difficult.

Future Outlook

As CTC expands its stake, the focus for the market will stay on MercadoLibre's ability to maintain its nearly 50% revenue growth. The upcoming November earnings report will be a key indicator of whether the company can keep expanding its fintech and marketplace dominance. Investors should remember that 13F filings provide a snapshot of the past and do not account for trades that happened after the filing date.