Black Swift Group Dumps 3,400 MercadoLibr Shares for $8 Million

MercadoLibre operates a leading e-commerce and fintech platform serving businesses and consumers across Latin America.Black Swift Group, LLC exited its position in MercadoLibre (MELI 0.68%) during the fourth quarter, according to a February 10, 2026, SEC filing.What happenedAccording to a filing with the Securities and Exchange Commission dated February 10, 2026, Black Swift Group, LLC sold its entire 3,405-share position in MercadoLibre during the fourth quarter. The estimated transaction value was $7.96 million, based on the average closing price for the quarter. The fund reported no remaining shares of MercadoLibre following the transaction.What else to knowIts MercadoLibre position previously represented 1.% of 13F AUM.Top holdings after the filing:NYSEMKT:SPYG: $93.69 million (15.6% of AUM)NYSEMKT:SPY: $54.69 million (9.1% of AUM)NYSEMKT:IWF: $32.52 million (5.4% of AUM)NYSEMKT:XLK: $26.58 million (4.4% of AUM)NASDAQ:AMZN: $20.88 million (3.5% of AUM)As of February 9, 2026, shares of MercadoLibre were priced at $2,035.59, up by 1.95% over the past year and underperforming the S&P 500 by 11.4 percentage pointsCompany OverviewMetricValuePrice (as of market close 2026-02-09)$2,035.59Market Capitalization$103.20 billionRevenue (TTM)$26.19 billionNet Income (TTM)$2.08 billionCompany SnapshotOffers e-commerce marketplace, fintech solutions (Mercado Pago), logistics (Mercado Envios), digital storefronts, and advertising services across Latin America.Generates revenue primarily through transaction fees, financial services, logistics, advertising, and value-added services to merchants and consumers.Serves businesses, merchants, and individual consumers in Latin America.MercadoLibre, Inc. operates online commerce and fintech platforms in Latin America, leveraging its integrated marketplace, payments, and logistics infrastructure. The company’s strategy centers on expanding its ecosystem of digital commerce and financial services, enabling seamless transactions and supporting the digital transformation of commerce in the region.What this transaction means for investorsBlack Swift’s Q4 exit of MercadoLibre came after the stock had stagnated over the last year, moving higher by less than 2% over the last 12 months.SEC filings do not explain why a fund like Black Swift sold its MercadoLibre shares. Still, investors had become increasingly concerned about mounting e-commerce competition. Additionally, its provision for doubtful accounts, which is loans it made that went bad, increased by 58% to $2.1 billion in the first nine months of 2025.It is also worth noting that the fund increased its position in Amazon, a MercadoLibre competitor in some markets, by 14%. That may be an indication that it felt Amazon would drive higher returns for the foreseeable future.ExpandNASDAQ: MELIMercadoLibreToday's Change(-0.68%) $-13.58Current Price$1974.68Key Data PointsMarket Cap$101BDay's Range$1932.00 - $2003.7352wk Range$1723.90 - $2645.22Volume23KAvg Vol538KGross Margin45.14%Despite that move, Amazon stock underperformed MercadoLibre stock over the last year, posting a 9% decline over the same period. Moreover, MercadoLibre could soon benefit from improving business conditions in both Argentina and Venezuela, leading to higher e-commerce sales.Furthermore, MercadoLibre has moved to reduce its bad loan losses, using AI to evaluate borrowers and imposing more loan limits on borrowers. Although it is unclear what the future holds, the picture for MercadoLibre stock may not be as bleak as the sale might indicate.Read NextFeb 13, 2026 •By Leo SunBold Prediction: MercadoLibre Is About to Soar. Here's Why.Feb 12, 2026 •By Rich SmithWhy Did MercadoLibre Stock Pop -- Then Drop?Feb 12, 2026 •By James Brumley3 Magnificent Stocks to Buy That Are Near 52-Week LowsFeb 11, 2026 •By Will HealyMain Street Research Dumps 15,000 MercadoLibre Shares for $37 MillionFeb 10, 2026 •By Manali Pradhan, CFAThe Underground Growth Stock That's About to Shock Wall Street (It's Not What You Think)Feb 4, 2026 •By Will HealyC WorldWide Group Loads Up 45,000 MercadoLibre Shares Worth $94 MillionAbout the AuthorWill Healy is a contributing Motley Fool stock market analyst covering technology and consumer goods industries.

Before The Motley Fool, Will was a freelance writer covering stocks and personal finance for MSN Money, Yahoo! Finance, and Nasdaq. Earlier in his career, he was an expert in geographic information systems, applying spatial and IT skills to perform RF and demographic analysis in the telecom industry. He holds a bachelor’s degree in journalism from Texas A&M University and an MBA in finance and strategy from the University of Texas at Dallas.TMFWillHealyX@HealyWritingStocks MentionedMercadoLibreNASDAQ: MELI$1974.68 (0.68%) $13.58SPDR Series Trust - State Street SPDR Portfolio S&P 500 Growth ETFNYSEMKT: SPYG$103.35 (+0.33%) $+0.34SPDR S&P 500 ETF TrustNYSEMKT: SPY$682.22 (+0.07%) $+0.47iShares Trust - iShares Russell 1000 Growth ETFNYSEMKT: IWF$449.35 (+0.49%) $+2.18Select Sector SPDR Trust - State Street Technology Select Sector SPDR ETFNYSEMKT: XLK$139.48 (0.06%) $0.08AmazonNASDAQ: AMZN$201.16 (+1.19%) $+2.37*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.