5 Best Future Stocks For The Long Term

4. MercadoLibre Inc (NASDAQ:MELI)

Number of Hedge Fund Investors: 81

Argentina-based ecommerce company MercadoLibre Inc (NASDAQ:MELI) is among the top five holdings of the Goldman Sachs Future Tech Leaders ETF portfolio. An analysis of 933 hedge fund portfolios conducted by Insider Monkey shows that 81 funds had stakes in MercadoLibre Inc (NASDAQ:MELI). The biggest stakeholder of MercadoLibre Inc (NASDAQ:MELI) was David Blood and Al Gore’s Generation Investment Management which owns a $673 million stake in MercadoLibre Inc (NASDAQ:MELI).

ClearBridge International Growth EAFE Strategy stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its fourth quarter 2023 investor letter:

“Emerging growth companies Shopify and MercadoLibre, Inc. (NASDAQ:MELI) continue to show improved operational performance. MercadoLibre’s investments in new services continue to drive revenue growth and margin improvement. New loyalty programs, credit services and advertising products, for example, all contributed to good business performance.”