Latest news with #MarcosGalperin
Yahoo
23-05-2025
- Business
- Yahoo
Should You Invest in MercadoLibre (MELI)?
Polen Capital, an investment management company, released its 'Polen Global Growth Strategy' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global equity markets experienced a surge in volatility in 2025 due to US tariffs, with the "Magnificent 7" falling 15% and semiconductors dropping 19%. U.S. stocks lagged, with international equities surpassing them by nearly 10% due to a weakening dollar and a significant tariff shock after the quarter's close. The Strategy returned -5.18% gross (-5.45 % net) in the quarter compared to the MSCI ACW Index's -1.32% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Polen Global Growth Strategy highlighted 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 14.75%, and its shares gained 50.81% of their value over the last 52 weeks. On May 22, 2025, MercadoLibre, Inc. (NASDAQ:MELI) stock closed at $2,606.01 per share with a market capitalization of $129.564 billion. Polen Global Growth Strategy stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q1 2025 investor letter: "MercadoLibre, Inc. (NASDAQ:MELI) is the leading eCommerce and digital payments provider in Latin America. After following it closely for several years, we were pleased to acquire shares at an attractive price. The company boasts a robust business model combining an 'Amazon-esque' eCommerce platform—supported by a durably advantaged logistics footprint—and a leading digital wallet for LatAm on and off These are attractive, competitively advantaged businesses. Advertising remains a nascent opportunity for eCommerce, resembling the Amazon playbook, and we see significant room for growth. eCommerce penetration remains below 15% in LatAm but is gaining share rapidly, and MercadoLibre is expanding its leadership position. Similarly, digital payments are relatively early in their LatAM penetration but gain share due to the shift from cash and checks, whereas MercadoLibre is also gaining share. Founder and CEO Marcos Galperin, who has led the company since its 1999 founding, continues to drive robust execution. We are confident in our investment in MercadoLibre, a business we believe can grow EPS at over 25% for several years." 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 undervalued AI stock set for massive gains. In another article, we covered MercadoLibre, Inc. (NASDAQ:MELI) and shared the list of high growth companies hedge funds are buying. 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.
Yahoo
23-05-2025
- Business
- Yahoo
Should You Invest in MercadoLibre (MELI)?
Polen Capital, an investment management company, released its 'Polen Global Growth Strategy' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global equity markets experienced a surge in volatility in 2025 due to US tariffs, with the "Magnificent 7" falling 15% and semiconductors dropping 19%. U.S. stocks lagged, with international equities surpassing them by nearly 10% due to a weakening dollar and a significant tariff shock after the quarter's close. The Strategy returned -5.18% gross (-5.45 % net) in the quarter compared to the MSCI ACW Index's -1.32% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Polen Global Growth Strategy highlighted 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 14.75%, and its shares gained 50.81% of their value over the last 52 weeks. On May 22, 2025, MercadoLibre, Inc. (NASDAQ:MELI) stock closed at $2,606.01 per share with a market capitalization of $129.564 billion. Polen Global Growth Strategy stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q1 2025 investor letter: "MercadoLibre, Inc. (NASDAQ:MELI) is the leading eCommerce and digital payments provider in Latin America. After following it closely for several years, we were pleased to acquire shares at an attractive price. The company boasts a robust business model combining an 'Amazon-esque' eCommerce platform—supported by a durably advantaged logistics footprint—and a leading digital wallet for LatAm on and off These are attractive, competitively advantaged businesses. Advertising remains a nascent opportunity for eCommerce, resembling the Amazon playbook, and we see significant room for growth. eCommerce penetration remains below 15% in LatAm but is gaining share rapidly, and MercadoLibre is expanding its leadership position. Similarly, digital payments are relatively early in their LatAM penetration but gain share due to the shift from cash and checks, whereas MercadoLibre is also gaining share. Founder and CEO Marcos Galperin, who has led the company since its 1999 founding, continues to drive robust execution. We are confident in our investment in MercadoLibre, a business we believe can grow EPS at over 25% for several years." 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 undervalued AI stock set for massive gains. In another article, we covered MercadoLibre, Inc. (NASDAQ:MELI) and shared the list of high growth companies hedge funds are buying. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Mercado Libre, Amazon of South America, announces leadership transition
The founder and CEO of Mercado Libre, an online marketplace often described as the Amazon of South America, has decided to call it quits after 26 years. In a letter to employees publicly released late Wednesday, Marcos Galperin said he will hand over his position to Ariel Szarfsztejn, the current president of commerce, on Jan. 1 and take on the role of executive chairman. Galperin said he will remain closely involved at Meli (NASDAQ: MELI), the company's shorthand name, focusing on strategy, product development, culture, capital allocation, special projects and how to apply artificial intelligence to the business. Szarfsztejn joined Latin America's dominant e-commerce platform in 2017 and led development of the company's logistics network throughout the region. For the past three years he has led the consumer-facing marketplace. Previously, he held executive positions in the hotel industry, and also worked at The Boston Consulting Group and Goldman Sachs.'This is a generational change, and I know that Ari, along with the talented team that has supported me, has everything it needs to ensure Meli continues to grow strongly in the coming decades, continuing our mission to democratize e-commerce and financial services in the region,' Galperin wrote. 'I'm proud to have created Meli, written its business plan in college, hired a formidable team – many of whom remain with me to this day – and, together with them and many others who joined, grown this company, achieved profitability, IPO'd on the Nasdaq, added millions of users, launched new products, adapted to technological changes, built and developed the largest technology team in Latin America, the largest e-commerce logistics network, became the company with the highest market valuation in the region, and, above all . . . helping hundreds of millions of people live better lives,' he said in the letter. Mercado Libre started as an online auction website where individuals traded used items among themselves and it took six years for it to break even. It originally employed drop shipping using the major carriers in Latin America and today has more than 25 fulfillment centers across the region, hundreds of service centers, the largest fleet of electric vehicles in Latin America, conventional-fuel trucks and vans, and six Boeing 737-800 converted freighter aircraft operated by Brazilian airline Gol. Galperin said now is a good time for a leadership transition because Mercado Libre has a strong financial and market Libre's net revenue in 2024 increased 38% year over year to $21 billion, contributing to operating income of $2.6 billion and margin of 12.7%. The total value of merchandise sold in 2024 reached $51.5 billion, up 15% YoY. The company said it surpassed 100 million annual unique buyers on the marketplace for the first time, with a 24% in buyers compared to 2023, demonstrating higher engagement and shopping frequency as a result of continuous investment in the user interface, assortment and logistics. Mercado Libre has the largest logistics infrastructure in Latin America, which has enabled it to offer fast-shipping throughout the region. During the year, Mercado Libre opened 10 new fulfillment centers, invested $500 million for capital expenditures in logistics and expanded its free shipping offering. It handled 1.8 billion items, with 49% of deliveries completed the same day or next day, which is considered a strong performance level for a region where transportation infrastructure is not fully developed. Seventy percent of orders are delivered within 48 hours. The increased scale of the logistics network has improved delivery efficiency, according to the company. While delivery speed is a priority, Mercado Libre is also making its network more flexible so it can offer slower, more economical, options. In a company podcast in March, CFO Martin de los Santos said Mercado Libre will continue to invest at a similar pace and expects to open several fulfillment centers in Brazil. The e-tailer will also add warehouses in Mexico, where its infrastructure is operating almost at full capacity, to keep up with the 30% year-over-year growth of gross merchandise value. The momentum continued in the first quarter, with sales up 37% to $5.9 billion versus the same period last year and operating income up 45% to $763 million. E-commerce represents 15% of total retail sales in Latin America, compared to about 16% in the United States. Third-party forecasts point to the market growing by 54%, from $151 billion in 2023, to $232 billion by 2028. With less than 5% share of the total retail market, Mercado Libre officials say they see plenty of runway to grow. Click here for more FreightWaves/American Shipper stories by Eric considers universal de minimis ban as fees on China parcels ease The post Mercado Libre, Amazon of South America, announces leadership transition appeared first on FreightWaves. 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Reuters
21-05-2025
- Business
- Reuters
MercadoLibre to replace founder Galperin as CEO, taps Szarfsztejn for the role
SAO PAULO, May 21 (Reuters) - Latin American e-commerce giant MercadoLibre (MELI.O), opens new tab announced on Wednesday that Chief Executive and co-founder Marcos Galperin will be replaced by current commerce head Ariel Szarfsztejn as of 2026. Galperin will move "to a more strategic role within the company, as executive chairman of the board," MercadoLibre said in a securities filing. Galperin, now a billionaire and one of the region's most influential entrepreneurs, co-founded MercadoLibre 26 years ago, building it into Latin America's most valuable firm by market cap. Szarfsztejn joined MercadoLibre in 2017 and held several positions before assuming the commerce leadership role in 2023.
Bloomberg
21-05-2025
- Business
- Bloomberg
MercadoLibre CEO Steps Aside After 25 Years to Be Chairman
MercadoLibre Chief Executive Officer Marcos Galperin will become executive chairman of the e-commerce and financial technology giant, marking the first change in the top job since he founded Latin America's most valuable company more than two decades ago. Ariel Szarfsztejn, who has been an executive at the company since 2017, will become MercadoLibre's new CEO as of Jan. 1, 2026, according to a company filing Wednesday. The 43-year-old is currently the company's commerce president.
