Oppenheimer Asset Management Inc. has acquired a new stake of 7,299 shares in MercadoLibre, Inc. (NASDAQ:MELI), valued at approximately $12.39 million during the second quarter. Other institutional investors have also adjusted their holdings in the e-commerce and fintech company, and a director recently increased their direct ownership by 12.62%. MercadoLibre reported strong quarterly earnings, beating analyst estimates for EPS and revenue, with its stock currently trading at $1,844.58.
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