Latin 'Amazon' Executive Sells Shares Worth 1.4 Billion Won... Another Executive Makes Minor Purchase

On May 22, Alejandro Nicolás Aguzín, an independent director of MercadoLibre Inc. (MELI), sold 600 shares of the company’s common stock in the open market in tranches at approximately $1,655–$1,656 per share, raising about $990,000 (roughly KRW 1.4 billion).
According to the company’s disclosure, Aguzín continues to hold around 5,300 shares—including restricted stock units—after this sale.
On June 11, Chief Accounting Officer Marcelo Melamud purchased a small block of approximately 13 shares in the open market at about $1,600 per share (around KRW 2 million), bringing his total holdings to the mid-200-share range.
In early June, the company announced plans to invest roughly $4.6 billion (about KRW 6 trillion) in Mexico during 2026 to bolster its logistics and fintech operations. In the first quarter, revenue and financial income grew 49% year-over-year, underscoring continued top-line expansion.
Meanwhile, UK asset manager Baillie Gifford slightly reduced its stake in MercadoLibre by disposing of several hundred thousand shares through a recent U.S. regulatory filing.
Founded in Argentina and now headquartered in Uruguay, MercadoLibre operates an online marketplace and the payment platform Mercado Pago across 18 countries, including Brazil, Mexico and Argentina. Dubbed “the Amazon of Latin America,” the company has aggressively expanded into logistics, credit and digital wallets to capitalize on e-commerce growth and financial inclusion trends.