The Manufacturers Life Insurance Company reduced its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,170 shares of the company

Chewy offers stability and a loyal customer base in a mature market. MercadoLibre offers one of the most compelling growth stories in global e-commerce right now.

MercadoLibre (MELI) quarterly earnings trends: EPS and revenue history versus Street estimates across all reported quarters, from SEC filings.

The average brokerage recommendation (ABR) for MercadoLibre (MELI) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

MercadoLibre (NASDAQ:MELI) stays in focus as sector conditions, energy costs and bond yields shape U.S. trading.

National Pension Service grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,125 shares of the company

IFP Advisors Inc grew its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 56.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,525 shares of the company

ABS Direct Equity Fund LLC increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 27.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,695 shares of the company

Alibaba's mature profitability and conservative balance sheet contrast sharply with MercadoLibre's explosive 39% revenue growth and surging free cash flow.

In the closing of the recent trading day, MercadoLibre (MELI) stood at $1, denoting a +1.59% move from the preceding trading day.