State of New Jersey Common Pension Fund D Buys 612 Shares of MercadoLibre, Inc. $MELI

State of New Jersey Common Pension Fund D boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,015 shares of the company’s stock after buying an additional 612 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of MercadoLibre worth $72,480,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MELI. Hardy Reed LLC lifted its position in shares of MercadoLibre by 4.0% during the third quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after purchasing an additional 5 shares in the last quarter. Aberdeen Group plc grew its position in MercadoLibre by 18.2% in the 3rd quarter. Aberdeen Group plc now owns 78,628 shares of the company’s stock worth $185,859,000 after purchasing an additional 12,099 shares in the last quarter. Coronation Fund Managers Ltd. increased its stake in MercadoLibre by 64.0% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 88,433 shares of the company’s stock valued at $206,663,000 after buying an additional 34,494 shares during the last quarter. Cidel Asset Management Inc. lifted its position in shares of MercadoLibre by 0.6% during the 3rd quarter. Cidel Asset Management Inc. now owns 10,311 shares of the company’s stock worth $24,096,000 after buying an additional 63 shares in the last quarter. Finally, BTC Capital Management Inc. purchased a new position in shares of MercadoLibre in the 3rd quarter worth approximately $799,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Trading Down 0.9%

Shares of MercadoLibre stock opened at $1,988.26 on Friday. The stock has a market capitalization of $100.80 billion, a P/E ratio of 48.52, a P/E/G ratio of 0.99 and a beta of 1.44. MercadoLibre, Inc. has a 52-week low of $1,723.90 and a 52-week high of $2,645.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.15 and a current ratio of 1.17. The stock’s 50-day simple moving average is $2,066.21 and its 200 day simple moving average is $2,192.82.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BTIG Research reaffirmed a “buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Wednesday, February 4th. Weiss Ratings lowered MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. Morgan Stanley lifted their target price on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. UBS Group reduced their price target on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating for the company in a research report on Monday, November 24th. Finally, Benchmark lowered their price objective on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and an average price target of $2,886.25.

Insider Activity

In other MercadoLibre news, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $2,028.14, for a total transaction of $1,713,778.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stelleo Tolda sold 246 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,136 shares of company stock valued at $2,308,788 over the last quarter. Company insiders own 0.25% of the company’s stock.

More MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: JPMorgan upgraded MELI to overweight and raised its price target to $2,800, citing easing competition and a steadier outlook — a clear analyst catalyst that can support upside. JPMorgan Upgrade
• Positive Sentiment: Partnership with Brazilian food retailer Assaí to sell and store products on MercadoLibre’s platform strengthens marketplace assortment and logistics monetization in Brazil — supportive for revenue and fulfillment scale. Assaí Partnership
• Positive Sentiment: Buy-side conviction: Loomis Sayles highlighted MELI as trading at a discount in its Q4 letter, signaling institutional interest that can underpin longer-term demand. Loomis Sayles Letter
• Neutral Sentiment: MercadoLibre set Q4 2025 earnings release and webcast for Feb 24 — this is the immediate catalyst that could drive volatility depending on results and guidance. Earnings Release Notice
• Neutral Sentiment: Analyst commentary and valuation pieces (Zacks, Yahoo, The Globe & Mail) debate whether MELI’s multiple (P/E and PEG) fairly prices fintech and logistics growth versus near-term credit headwinds — keeps investor views split. Valuation Discussion
• Negative Sentiment: Reports of insider selling and heavy investment spending are weighing on market confidence; investors worry about return on capital and near-term dilution of margins. Insider Selling Report
• Negative Sentiment: Credit trends: coverage notes rising bad-loan expenses in Mercado Crédito and slower fintech growth as one reason for recent share underperformance, a direct risk to profitability and investor sentiment. Credit/Fintech Concerns

About MercadoLibre

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.