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flag Bessemer Group cuts stake in MercadoLibre, but stock soars, beating earnings and revenue estimates.

flag Bessemer Group Inc. reduced its stake in MercadoLibre by 4.7%, now owning 213,500 shares. flag Despite this, MercadoLibre's stock opened at $1,826.11, with analysts forecasting earnings per share of 43.96 for the year and an average target price of $2,402.81. flag The company recently reported earnings per share of $12.61, exceeding estimates, and revenue of $6.06 billion, surpassing expectations of $5.94 billion.

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