Japanese firm boosts stake in MercadoLibre as stock soars post strong earnings.

Japanese investment firm Meiji Yasuda Asset Management increased its stake in MercadoLibre, a leading U.S. online commerce platform, by 6.0% in the fourth quarter, acquiring 148 additional shares. This brings their total holdings to 2,602 shares, valued at $4.425 million. MercadoLibre reported strong earnings for the last quarter, with an EPS of $12.61, beating estimates by $2.40, and revenue of $6.06 billion, above analyst expectations. The stock, with a market cap of $111.09 billion and a beta of 1.64, has a consensus rating of "Buy" and a target price of $2,402.81.