Vote of confidence of $112 million: this 12.8% portfolio bet signals conviction in MercadoLibre
On January 29, Coronation Fund Managers revealed a purchase of MercadoLibre (NASDAQ:MELI)adding 53,352 shares in an estimated transaction of $112.06 million based on the quarterly average price. According to a Jan. 29 SEC filing, Coronation Fund Managers increased its stake in MercadoLibre (NASDAQ:MELI) for 53,352 shares during the fourth quarter. The estimated value of the…