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Vestor Capital boosted its MELI stake, while earnings missed estimates but revenue beat forecasts.
Vestor Capital LLC increased its stake in MercadoLibre (MELI) by 577 shares, bringing its total to 663, valued at about $1.73 million as of the second quarter.
Meanwhile, Titleist Asset Management LLC reduced its holding by 17%, selling 98 shares, leaving it with 478.
MercadoLibre reported second-quarter earnings of $8.32 per share, below the $9.88 estimate, but revenue reached $7.41 billion, surpassing the $7.19 billion forecast and rising 39.5% year-over-year.
The company, a major Latin American e-commerce and fintech platform, has a market cap of $98.95 billion and a price-to-earnings ratio of 47.63.
Analysts maintain a "Moderate Buy" consensus rating with a target price of $2,854.71, and the stock, trading near its 50-day and 200-day moving averages, has a beta of 1.51, indicating higher volatility.
Institutional investors own 87.6% of the shares.
Vestor Capital incrementó su participación en MELI, mientras que las ganancias no alcanzaron las estimaciones, pero los ingresos superaron las previsiones.