MercadoLibre, Inc. $MELI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Posted by Stanley Muller on Nov 1st, 2026

Sumitomo Mitsui Trust Group Inc. trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 1.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 169,750 shares of the company’s stock after selling 1,919 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in MercadoLibre were worth $293,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wedbush Fund Advisers LLC bought a new position in MercadoLibre during the 2nd quarter worth about $29,000. Twin Lakes Capital Management LLC purchased a new position in MercadoLibre during the 2nd quarter valued at about $31,000. NBT Bank N.A. bought a new stake in shares of MercadoLibre in the 3rd quarter valued at about $35,000. Markowski Investments bought a new stake in shares of MercadoLibre in the 2nd quarter valued at about $36,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of MercadoLibre in the 3rd quarter worth approximately $40,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 2.1%

MercadoLibre stock opened at $1,624.53 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market capitalization of $82.36 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 1.14 and a beta of 1.31. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,419.78. The business has a fifty day moving average price of $1,840.65 and a 200-day moving average price of $1,815.89.

MercadoLibre (NASDAQ:MELI – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $9.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same quarter in the prior year, the business posted $10.31 EPS. MercadoLibre’s revenue for the quarter was up 49.8% compared to the same quarter last year. Equities research analysts forecast that MercadoLibre, Inc. will post 38.09 EPS for the current fiscal year.

MercadoLibre News Summary

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $2,100.00 to $2,050.00 in a research note on Tuesday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a research note on Tuesday, September 29th. JPMorgan Chase & Co. upped their target price on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Cantor Fitzgerald lowered their target price on MercadoLibre from $2,300.00 to $2,200.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Finally, New Street Research initiated coverage on MercadoLibre in a research report on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 target price on the stock. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,248.75.

Read Our Latest Stock Report on MELI

MercadoLibre Profile

(Free Report)

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.