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Major investors sell shares in MercadoLibre, yet the company reports strong earnings growth.
Several major investors have reduced their holdings in MercadoLibre, Inc., including Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A., which sold 112 shares, and USS Investment Management Ltd, which sold 3,279 shares.
Despite these sales, MercadoLibre reported strong earnings, with a revenue of $5.94 billion, up 37% year-over-year, and EPS of $9.74, beating estimates by $1.92.
Analysts predict a moderate buy rating with a target price of $2,521.33.
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Los principales inversores venden acciones en MercadoLibre, sin embargo, la compañía reporta un fuerte crecimiento de las ganancias.