State Street Corp Increases Stock Holdings in MercadoLibre, Inc. $MELI

Key Points

• State Street increased its MercadoLibre stake by 7.7% in the second quarter, owning 459,748 shares valued at approximately $780.4 million. Institutional investors and hedge funds collectively own 87.62% of MELI.
• MercadoLibre beat quarterly expectations with earnings of $9.19 per share versus the $8.65 consensus and revenue of $10.17 billion, up 49.8% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $2,283.12; New Street Research initiated coverage with a Buy rating and a $2,450 target.

State Street Corp raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 459,748 shares of the company's stock after buying an additional 32,734 shares during the quarter. State Street Corp owned about 0.91% of MercadoLibre worth $780,372,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MELI. BlackRock Inc. acquired a new position in MercadoLibre during the 2nd quarter valued at approximately $2,246,015,000. Jupiter Topco LLC acquired a new stake in shares of MercadoLibre during the second quarter worth $917,123,000. Linonia Partnership LP grew its holdings in shares of MercadoLibre by 325.1% during the second quarter. Linonia Partnership LP now owns 553,788 shares of the company's stock valued at $939,994,000 after buying an additional 423,527 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of MercadoLibre by 22.5% during the fourth quarter. Capital Research Global Investors now owns 2,225,031 shares of the company's stock valued at $4,481,812,000 after buying an additional 408,939 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of MercadoLibre in the 4th quarter valued at $597,045,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,799.24 on Thursday. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,548.50. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53. The stock has a market cap of $91.22 billion, a PE ratio of 48.93, a price-to-earnings-growth ratio of 1.25 and a beta of 1.31. The business has a 50-day simple moving average of $1,877.24 and a 200-day simple moving average of $1,770.44.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, beating the consensus estimate of $8.65 by $0.54. The company had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.MercadoLibre's quarterly revenue was up 49.8% on a year-over-year basis. During the same period last year, the business earned $10.31 earnings per share. On average, equities analysts expect that MercadoLibre, Inc. will post 39.11 EPS for the current year.

MercadoLibre News Roundup

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: New Street Research initiated coverage with a Buy rating and a $2,450 price target, implying substantial upside from the referenced price. The new coverage provides additional support for the bullish investment case.
• Positive Sentiment: MercadoLibre’s advertising business continues to accelerate. Reports say advertising exceeded 10% of Latin America’s digital advertising market in the second quarter of 2026, aided by artificial-intelligence tools and expanding video inventory. MercadoLibre's Advertising Business Keeps Gaining Momentum
• Positive Sentiment: One equity analysis argues that MercadoLibre’s integrated ecosystem—including e-commerce, payments and advertising—outweighs key risks, reinforcing the long-term growth thesis. MercadoLibre: Ecosystem Strength Outweighs Risk Factors
• Neutral Sentiment: A comparison of MercadoLibre and Coupang examines which e-commerce stock offers the better investment opportunity in 2026. The article may influence investor preferences but does not represent a new company-specific development. Coupang vs. MercadoLibre: Which E-Commerce Stock Is a Better Buy in 2026?
• Neutral Sentiment: Coverage also highlighted MercadoLibre’s advertising growth and recent trading volatility, while another report noted a prior gain before the latest pullback. MercadoLibre stock holds near USD 1,826 as ad growth accelerates
• Negative Sentiment: Reports of a sharp post-market decline and subsequent volatility suggest investors may be taking profits after recent moves. This short-term trading pressure is offsetting positive fundamental and analyst news. MELI stock falls 3.59 percent after the close
• Neutral Sentiment: Michael Burry’s portfolio update focused primarily on bearish bets against artificial-intelligence and semiconductor stocks, with no specific negative catalyst for MercadoLibre identified. Michael Burry's updated stock portfolio

Wall Street Analysts Forecast Growth

A number of analysts have commented on MELI shares. JPMorgan Chase & Co. lifted their price target on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MercadoLibre in a report on Thursday, July 2nd. New Street Research began coverage on MercadoLibre in a research report on Wednesday. They issued a "buy" rating and a $2,450.00 target price on the stock. BTIG Research reissued a "buy" rating and set a $2,150.00 price target on shares of MercadoLibre in a research report on Thursday, September 3rd. Finally, Zacks Research upgraded shares of MercadoLibre from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,283.12.

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 began as an online marketplace and has expanded into a broad platform serving consumers, merchants and businesses.

Its marketplace enables users to buy and sell products across categories, while Mercado Pago provides digital payments, online checkout, money transfers and other financial services. The company also offers Mercado Envíos logistics and fulfillment services, Mercado Ads advertising solutions, and credit products through Mercado Crédito.

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