5 Best Cash App Stocks To Buy Now

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In this piece, we will take a look at the five best cash app stocks to buy now. For a detailed dive into the digital payments industry, take a look at 12 Best Cash App Stocks To Buy Now.

5. MercadoLibre, Inc. (NASDAQ:MELI)

Number of Hedge Fund Investors In Q2 2023: 77

MercadoLibre, Inc. (NASDAQ:MELI) is a Uruguayan company that is headquartered in Montevideo, Uruguay. The firm offers a financial technology platform that allows users to send and receive money. Like Shopify, MercadoLibre, Inc. (NASDAQ:MELI) is also doing well on the financial front since it has beaten analyst EPS estimates in all four of its latest quarters.

During Q2 2023, 77 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in MercadoLibre, Inc. (NASDAQ:MELI). Out of these, the firm’s biggest shareholder is David Blood and Al Gore’s Generation Investment Management since it owns 580,023 shares that are worth $687 million.

Follow Mercadolibre Inc (NASDAQ:MELI)

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