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Capital International Ltd. CA buys into MercadoLibre, firm reports strong earnings despite price target cut.
Institutional investor Capital International Ltd. CA has acquired 2,683 shares of MercadoLibre, Inc., valuing their holdings at about $27.05 million.
MercadoLibre, an online commerce platform, reported strong earnings of $12.61 per share, exceeding estimates.
Despite Cantor Fitzgerald lowering its target price to $2,400, the average rating remains a "Buy" with a consensus price target of $2,415.94.
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Capital International Ltd. CA compra MercadoLibre, la firma informa de fuertes ganancias a pesar de la reducción del precio objetivo.