5 Stocks to Invest In According to Carl Anderson’s Marcho Partners

3. MercadoLibre, Inc. (NASDAQ:MELI)

Marcho Partners’ Stake Value: $175.9 million

Marcho Partners’ 13F Portfolio: 11.04%

Number of Hedge Fund Holders: 68

MercadoLibre, Inc. (NASDAQ:MELI) is Latin America’s most popular e-commerce and online auctions company. The company is headquartered in Argentina and incorporated in the USA. The company has approximately 175 million users and operates in 19 countries across Latin America.

The analysts have been quite optimistic about MercadoLibre, Inc. (NASDAQ:MELI) recently. On November 5, Barclays analyst Trevor Young raised the company’s price target to $2200 from $2100.

Panayotis Takis Sparaggis’ Alkeon Capital Management holds the largest stake in MercadoLibre, Inc. (NASDAQ:MELI) with 445,136 shares worth $747.56 million. With an increased activity of 20% in the third quarter of 2021, the company represents 1.26% of Alkeon’s portfolio.

MercadoLibre, Inc. (NASDAQ:MELI) was mentioned by LRT Capital Management in its third-quarter 2021 investor letter. Here is what the firm said:

“Mercadolibre, Inc. (MELI) – the LatAm eCommerce, shipping, and payments company, is now trading at a very attractive valuation – its lowest P/S ratio ever. The concerns here have to do with the recession in Brazil and slowing economic growth throughout the region.”