Here are the Factors Boosting MercadoLibre's (MELI) Performance
In its February 2025 investor letter, Lakehouse Global Growth Fund emphasized stocks such as MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) is an online commerce platform that operates Mercado Libre Marketplace and Mercado Pago FinTech platforms. The one-month return of MercadoLibre, Inc. (NASDAQ:MELI) was -8.24%, and its shares gained 22.15% of their value over the last 52 weeks. On April 8, 2025, MercadoLibre, Inc. (NASDAQ:MELI) stock closed at $1,826.11 per share with a market capitalization of $92.579 billion.
Lakehouse Global Growth Fund stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its February 2025 investor letter:
"The Funds largest position, e-commerce leader MercadoLibre, Inc. (NASDAQ:MELI), delivered another impressive quarterly result, combining robust growth with improving profitability. Net revenue grew 37% year-on-year in U.S. dollar terms to $6.1 billion while operating margins climbed to 13.5%, which was particularly pleasing given the company remains firmly in reinvestment mode. Key operational metrics for its marketplace underscored this strength, with items sold increasing 27%, unique buyers climbing 24% to a new high of 67 million and items per buyer increasing to 7.8. Importantly, the company continues to gain incremental market share in its primary regions, namely that of Brazil and Mexico.
A customer using their phone to access an online commerce platform.
MercadoLibre, Inc. (NASDAQ:MELI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 96 hedge fund portfolios held MercadoLibre, Inc. (NASDAQ:MELI) at the end of the fourth quarter which was 87 in the previous quarter. While we acknowledge the potential of MercadoLibre, Inc. (NASDAQ:MELI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
We covered MercadoLibre, Inc. (NASDAQ:MELI) in another article, where we shared the list of top stocks to buy according to Think Investments. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.
READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Axios
28 minutes ago
- Axios
Bessent casts some shade over Musk's new political party
Treasury Secretary Scott Bessent said Sunday he imagined that Elon Musk 's businesses' boards weren't so keen on the Tesla CEO's unveiling of his new "America Party." The big picture: The world's richest man — who before his explosive fallout with President Trump said he'd do a lot less political spending moving forward — became a GOP mega-donor last year. Now, the billionaire seems intent on carving a new political path. Irate over Trump's recently signed"big, beautiful bill," the former DOGE leader is turning his sights away from what he described as "the two-party (some would say uniparty) system" and plans to form his own party. Driving the news: Bessent, with whom Musk once had a heated spat in the White House, said on CNN's "State of the Union" Sunday that "the principles of DOGE were very popular" — but Musk was not. Musk's massive slashes through the federal government left a bruise on his reputation and his company. A March NBC News poll found that 46% of voters thought creating DOGE was a good idea, while 40% said it was bad — but when asked to broadly rate their feelings on DOGE, 47% had a negative view, compared to 41% who held a positive view. And 51% had a negative view of Musk himself. What he's saying:"I believe that the boards of directors at his various companies wanted him to come back and run those companies, which he is better at than anyone," Bessent told CNN's Dana Bash. He continued, "I imagine that those boards of directors did not like this announcement yesterday, and will be encouraging him to focus on his business activities, not his political activities." Catch up quick: Musk announced on Saturday that he would launch "the America Party," which he claimed would "give you back your freedom." Musk said in a response that the party would caucus independently and that "legislative discussions would be had with both parties." Yes, but: There are steps Musk must take to formally register a political party, and recent Federal Election Commission filings don't show that has yet happened. What we're watching: The day prior, he shared a poll to his followers asking whether he should create a new political party and suggested part of his strategy would be to "laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts." Musk didn't specify what those specific races would be. He added, "Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people." Billionaire Mark Cuban and Anthony Scaramucci, who briefly worked in for Trump during his first term, both appeared interested.
New York Post
42 minutes ago
- New York Post
Bessent teases new Aug. 1 deadline for tariffs, says Fed chair can't cut rates like Trump wants
Treasury Secretary Scott Bessent revealed that the Trump administration is now eyeing Aug. 1 as the date to slap the 'Liberation Day' tariffs against countries that fail to cut lightning deals with the US. Back in April, Trump had given countries a 90-day extension before slapping those tariffs in place, meaning Tuesday, July 8. However, Bessent explained that Trump will warn countries of the forthcoming tariffs instead of imposing them outright. 'I'm not going to give away the playbook, because we're going to be very busy over the next 72 hours,' Bessent told CNN's 'State of the Union' on Sunday. Advertisement 'President Trump's going to be sending letters to some of our trading partners, saying that if you don't move things along, then on Aug. 1, you will boomerang back to your April 2 tariff level.' Trump had previewed his plans to blast out letters to trading partners, but didn't mention the Aug. 1 deadline. On April 2, which he dubbed 'Liberation Day,' Trump unveiled customized tariff rates against virtually every country on the planet — including a 10% baseline rate on almost all imports. 3 Treasury Secretary Scott Bessent explained that the Trump administration is giving time before imposing the 'Liberation Day' tariffs. CNN Advertisement 3 President Trump unfurled customized tariff rates against virtually every country back in April. Getty Images The 'Liberation Day' were later paused, though the 10% levy went into effect. 'I think we're going to see a lot of deals very quickly, and we're going to send out probably a hundred letters to small countries where we don't have very much trade, and most of those are already at the baseline 10%,' Bessent added. So far, Trump has announced various tariff deals with the United Kingdom and Vietnam. The president's team has also reached something of a tariff truce with China while negotiations play out. Advertisement Bessent contended that the Aug. 1 date is 'not a new deadline,' and he has previously described a focus on securing deals with 18 of America's top major trading partners. 'We are saying this is when it's happening. If you want to speed things up, have at it. If you want to go back to the old rate, that's your choice,' he added. 'We are close to several deals. As always, there's a lot of foot-dragging on the other side, and so I would expect to see several big announcements over the next couple of days,' he said. In addition to handling Trump's push to revamp US exports and reduce the trade deficit, Bessent has been in the headlines over speculation that the president may tap him to succeed Federal Reserve Chairman Jerome Powell at the central bank. Advertisement 3 Federal Reserve Chairman Jerome Powell has been adamant that politics shouldn't influence monetary policy. Getty Images Bessent has not ruled that out. Powell's tenure as chair at the Fed ends in May 2026. Trump had first appointed him in 2018. One of Trump's chief grievances with Powell has been the Fed's decision not to lower its benchmark interest rate target — making the $9 trillion in US debt that is expected to come due over the next year that much more expensive to finance. The rate also increases borrowing costs for homebuyers and businesses. Powell has defended the Fed's decision and argued that the central bank is taking a wait-and-see approach to gauge the inflationary impacts of Trump's tariffs. Historically, the Fed has sought to insulate itself from political influence over monetary policy. Bessent said that if he was chair of the Fed, he wouldn't necessarily be able to lower rates overnight. 'I think that the Fed chair does not cut interest rates. It is a committee, so it's up to the Open Market Committee and the voting members to cut rates,' Bessent said when asked if he would cut rates as Fed boss. 'The President is probably the most economically sophisticated president we've had in 100 years, maybe ever,' the Treasury secretary added when asked about Trump's complaints about the Fed.
Los Angeles Times
an hour ago
- Los Angeles Times
Musk forms new political party after split with Trump over president's signature tax cuts law
BRIDGEWATER, N.J. — Elon Musk said he's carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing the America Party in response to the president's sweeping tax cuts law. Musk, once an ever-present ally to Trump as he headed up the slashing agency known as the Department of Government Efficiency, broke with the Republican president over his signature legislation, which was signed into law Friday. As the bill made its way through Congress, Musk threatened to form the 'America Party' if 'this insane spending bill passes.' 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' Musk said Saturday on X, the social media company he owns. 'Today, the America Party is formed to give you back your freedom.' The formation of new political parties is not uncommon, but they typically struggle to pull any significant support away from the Republican and Democratic parties. But Musk, the world's richest man who spent at least $250 million supporting Trump in the 2024 election, could impact the 2026 elections determining control of Congress if he is willing to spend significant amounts of money. His reignited feud with the president could also be costly for Musk, whose businesses rely on billions of dollars in government contracts and publicly traded company Tesla has taken a hit in the market. It wasn't clear whether Musk had taken steps to formally create the new political party. Spokespeople for Musk and his political action committee, America PAC, didn't immediately comment Sunday. As of Sunday morning, there were multiple political parties listed in the Federal Election Commission database that had been formed in the the hours since Musk's Saturday X post with versions of 'America Party' of 'DOGE' or 'X' in the name, or Musk listed among people affiliated with the entity. But none appeared to be authentic, listing contacts for the organization as email addresses such as ' wentsnowboarding@ ″ or untraceable Protonmail addresses. Musk on Sunday spent the morning on X taking feedback from users about the party and indicated he'd use the party to get involved in the 2026 midterm elections. Last month, he threatened to try to oust every member of Congress that voted for Trump's bill. Musk had called the tax breaks and spending cuts package a 'disgusting abomination,' warning it would increase the federal deficit, among other critiques. 'The Republican Party has a clean sweep of the executive, legislative and judicial branches and STILL had the nerve to massively increase the size of government, expanding the national debt by a record FIVE TRILLION DOLLARS,' Musk said Sunday on X. His critiques of the bill and move to form a political party mark a reversal from May, when his time in the White House was winding down and the head of rocket company SpaceX and electric vehicle maker Tesla said he would spend 'a lot less' on politics in the future. Treasury Secretary Scott Bessent, who clashed with Musk while he ran DOGE, said on CNN's 'State of the Union' on Sunday that DOGE's 'principles' were popular but 'if you look at the polling, Elon was not.' 'I imagine that those board of directors did not like this announcement yesterday and will be encouraging him to focus on his business activities, not his political activities,' he said. Price writes for the Associated Press.
