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MercadoLibre (MELI) Stock: Why Major Investors Keep Accumulating Despite Earnings Miss
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MercadoLibre (MELI) Stock: Why Major Investors Keep Accumulating Despite Earnings Miss
TLDR Capital Research Global Investors boosted its MELI holdings by 22.5% during Q4, purchasing an additional 408,939 shares to total 2,225,031 shares worth approximately $4.48 billion. Hedge funds and institutional investors now hold 87.62% of MercadoLibre’s outstanding shares. First-quarter revenue surged 49% compared to the prior year, reaching $8.85 billion and exceeding projections, while earnings per share of $8.23 fell short of the $8.75…
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