Price T Rowe Associates Inc. now holds 1,394,255 shares of MercadoLibre, valued at $2.37 billion, after acquiring 405,425 shares recently. Institutional ownership stands at 87.62%, with notable stakes from Wealthfront Advisers LLC and Norges Bank. Analysts have mixed ratings on the stock, with a current average price target of $2,572.86, while MercadoLibre reported strong quarterly earnings, exceeding expectations with $9.74 EPS and $5.94 billion in revenue.