MercadoLibre, Inc. $MELI Position Trimmed by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group trimmed its MercadoLibre stake by 1.1% in the third quarter, selling 1,919 shares and retaining 169,750 shares valued at approximately $293.4 million. Institutional investors collectively own 87.62% of MELI.
• Analysts remain broadly positive, with 13 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $2,248.75. Citigroup upgraded the stock to Buy, while other firms adjusted targets between $2,050 and $2,400.
• MercadoLibre’s next major catalyst is its scheduled third-quarter results on November 4, 2026. The stock opened at $1,624.53, near its 52-week low, despite the company’s prior quarter delivering 49.8% year-over-year revenue growth and earnings above expectations.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,750 shares of the company's stock after selling 1,919 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.33% of MercadoLibre worth $293,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of MercadoLibre in the 2nd quarter worth approximately $2,246,015,000. Jupiter Topco LLC purchased a new position in MercadoLibre during the second quarter valued at $917,123,000. Linonia Partnership LP boosted its holdings in MercadoLibre by 325.1% in the second quarter. Linonia Partnership LP now owns 553,788 shares of the company's stock worth $939,994,000 after acquiring an additional 423,527 shares in the last quarter. Royal Bank of Canada boosted its holdings in MercadoLibre by 114.2% in the first quarter. Royal Bank of Canada now owns 444,603 shares of the company's stock worth $768,728,000 after acquiring an additional 237,008 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in MercadoLibre in the second quarter worth $291,146,000. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on MELI shares. BTIG Research restated a "buy" rating and set a $2,150.00 price objective on shares of MercadoLibre in a research note on Tuesday. Susquehanna raised their price objective on shares of MercadoLibre to $2,400.00 and gave the company a "positive" rating in a research report on Tuesday, October 6th. Citigroup upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $2,100.00 to $2,050.00 in a research note on Tuesday, October 27th. Cantor Fitzgerald decreased their target price on shares of MercadoLibre from $2,300.00 to $2,200.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. Finally, Zacks Research upgraded MercadoLibre from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $2,248.75.

Key MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Citigroup upgraded MercadoLibre to Buy, providing a supportive analyst signal and suggesting the bank sees upside potential in the shares. MercadoLibre Raised to Buy at Citigroup
• Positive Sentiment: MercadoLibre received bullish calls in a Wall Street market wrap, indicating that some market participants remain constructive on the Latin American e-commerce and fintech company ahead of its results. Stocktwits Wall Street Wrap
• Neutral Sentiment: Third-quarter results are scheduled for November 4, 2026. MercadoLibre will report results for the quarter ended September 30, making the release the primary upcoming driver for the stock. MercadoLibre to Report Third Quarter 2026 Financial Results
• Negative Sentiment: The stock fell more sharply than the broader market, suggesting company-specific selling pressure rather than simply a broad market move. The decline comes as investors position for the earnings announcement and assess whether expectations are already reflected in MELI’s valuation. MercadoLibre Falls More Steeply Than Broader Market

MercadoLibre Price Performance

Shares of MELI stock opened at $1,624.53 on Friday. The stock has a 50 day moving average price of $1,840.65 and a 200 day moving average price of $1,815.89. The firm has a market capitalization of $82.36 billion, a P/E ratio of 44.18, a P/E/G ratio of 1.14 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,419.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, topping the consensus estimate of $8.65 by $0.54. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%. The business's revenue for the quarter was up 49.8% compared to the same quarter last year. During the same period last year, the company earned $10.31 earnings per share. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 38.09 earnings per share for the current year.

About MercadoLibre

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company initially developed an online marketplace and has expanded into a broad platform connecting buyers and sellers with businesses and consumers.

Its commerce operations include the MercadoLibre marketplace, where users can purchase and sell products across numerous categories. The company also offers supporting services such as Mercado Envíos for shipping and logistics, Mercado Ads for digital advertising, and tools for merchants to manage their online businesses.

MercadoLibre's financial technology business is centered on Mercado Pago, which provides digital payment processing, online checkout, money transfer and account services.

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