Marcelo Melamud, SVP - Chief Accounting Officer at MERCADOLIBRE INC (MELI), bought 124 shares at $1604.62 ($200K) on 2026-06-11, disclosed to the SEC on 2026-06-15.
SVP and Chief Accounting Officer Marcelo Melamud purchased 124 shares for $199,999.84 on June 11, 2026, marking the largest insider purchase in the company's history. This high-level buy at a 2.6% discount to the current price suggests management confidence in the stock's recovery potential.
MELI is currently trading at $1,645.98, up 2.13% over the last 5 days and 6.37% over the last 30 days, but remains down 4.76% over the last 90 days and is sitting 37.78% below its 52-week high of $2,645.22.
1) Q2 2026 earnings on August 13, 2026, where revenue exceeded $10 billion but EPS and net income declined year-over-year due to increased investment spending. 2) Analyst commentary on August 13, 2026, noting that the stock jumped 5% after JP Morgan raised its price target to $2,150. 3) The company's record quarterly revenue crossing $10 billion for the first time, reported on August 5, 2026.
1) Margin pressure and declining net income year-over-year as the company increases long-term investment spending, as noted in the August 13, 2026, Simply Wall St. analysis. 2) The stock is currently trading at a forward P/E of 32.52, which may be expensive given the recent earnings miss.
Clearly above the average filing.
| Filing → |
| MELI | SELL | 2016-08-18 | $135K | — | Filing → |
| MELI | SELL | 2014-11-13 | $131K | — | Filing → |
| MELI | SELL | 2013-09-25 | $57K | — | Filing → |