Lazard Asset Management LLC Sells 3,462 Shares of MercadoLibre, Inc. $MELI

Posted by Brian Himes on Jul 29th, 2026

Lazard Asset Management LLC trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 18.6% during the first quarter, HoldingsChannel reports. The fund owned 15,102 shares of the company’s stock after selling 3,462 shares during the period. Lazard Asset Management LLC’s holdings in MercadoLibre were worth $26,112,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. ABS Direct Equity Fund LLC lifted its stake in MercadoLibre by 470.6% in the 1st quarter. ABS Direct Equity Fund LLC now owns 2,910 shares of the company’s stock valued at $5,192,000 after acquiring an additional 2,400 shares in the last quarter. Family Manage LLC grew its stake in shares of MercadoLibre by 31.9% during the 1st quarter. Family Manage LLC now owns 178 shares of the company’s stock worth $308,000 after acquiring an additional 43 shares in the last quarter. Delta Global Management LP bought a new position in shares of MercadoLibre during the 1st quarter worth approximately $531,000. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of MercadoLibre during the 1st quarter worth about $16,799,000. Finally, Tiger Global Management LLC bought a new position in shares of MercadoLibre in the 1st quarter valued at about $233,428,000. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on MELI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MercadoLibre in a research report on Thursday, July 2nd. Scotiabank dropped their price target on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley lowered their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. The Goldman Sachs Group set a $2,100.00 price objective on MercadoLibre in a research note on Wednesday, May 13th. Finally, Cantor Fitzgerald cut their price objective on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,258.67.

Check Out Our Latest Stock Analysis on MercadoLibre

Insider Activity at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of MercadoLibre stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $1,655.93 per share, for a total transaction of $993,558.00. Following the transaction, the director directly owned 5,355 shares of the company’s stock, valued at approximately $8,867,505.15. The trade was a 12.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,862.52 on Wednesday. The firm has a market cap of $94.43 billion, a PE ratio of 49.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.35. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.16 and a quick ratio of 1.14. The stock’s fifty day moving average price is $1,715.97 and its two-hundred day moving average price is $1,808.77. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,548.50.

MercadoLibre (NASDAQ:MELI – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm had revenue of $8.85 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the prior year, the company earned $9.74 EPS. The company’s revenue for the quarter was up 49.0% compared to the same quarter last year. As a group, research analysts expect that MercadoLibre, Inc. will post 41 EPS for the current fiscal year.

MercadoLibre Company Profile

(Free Report)

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.