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Investors are increasing their stakes in MercadoLibre, which reported a 37% revenue jump and a 375% stock surge.
Institutional investors are boosting their holdings in MercadoLibre, Inc. (NASDAQ:MELI), with Penserra Capital Management LLC adding 115 shares and Riggs Asset Management Co. Inc. increasing its position by 2.0%.
MercadoLibre, a major online commerce platform, saw a 37.0% revenue increase in the last quarter and reported earnings significantly above expectations.
The company's stock price has surged by 375% recently, with analysts predicting strong growth for the current fiscal year and maintaining a "Moderate Buy" consensus rating.
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Los inversores están aumentando sus participaciones en MercadoLibre, que reportó un salto de ingresos del 37% y un aumento de acciones del 375%.