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Investors snap up MercadoLibre shares as the company reports strong earnings and a big stock surge.
Natural Investments and Ashton Thomas Private Wealth have recently acquired shares of MercadoLibre, an online commerce company, valued at about $1.97 million and $434,000, respectively.
MercadoLibre reported strong earnings, exceeding analyst expectations, with a net margin of 9.20% and a return on equity of 51.89%.
The company's stock has seen a 171.4% increase, with a consensus rating of "Buy" and a target price of $2,402.81.
MercadoLibre's market cap is $98.59 billion, and it has a P/E ratio of 51.58.
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Los inversores compran acciones de MercadoLibre a medida que la compañía reporta sólidas ganancias y un gran aumento de acciones.