State Street Corp Increases Stock Holdings in MercadoLibre, Inc. $MELI
MarketBeat
State Street Corp increased its stake in MercadoLibre (MELI) by 7.7% in the second quarter, now holding 459,748 shares valued at approximately $780.4 million. Institutional investors collectively own 87.62% of the company. MercadoLibre reported strong quarterly earnings, beating expectations with $9.19 EPS and $10.17 billion in revenue, leading to a consensus "Moderate Buy" rating and an average price target of $2,283.12 among analysts.
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