13 High Growth Large Cap Stocks To Invest In

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4. MercadoLibre, Inc. (NASDAQ:MELI)

Number of Hedge Fund Holders: 96

Average 5-Year Revenue Growth: 56.99%

MercadoLibre, Inc. (NASDAQ:MELI) is an e-commerce and fintech company operating in Brazil, Mexico, Argentina, and internationally. It operates Mercado Libre Marketplace for online shopping, Mercado Pago for digital payments, Mercado Envios for shipping, and Mercado Credito for loans. The company had its biggest Cyber Monday yet in 2024, selling 7 million products, a 34% increase from last year. Shopping on the platform has been picking up all year, especially in Q3 2024. The most popular categories were Supermarket, Health & Sports, Tech & Appliances, and Fashion & Beauty, with more than half of purchases made in installments.

MercadoLibre, Inc. (NASDAQ:MELI)’s Q4 2024 revenue increased 37% year-over-year to $6.1 billion and net income was $639 million. Its platform saw over 67 million unique buyers in the fourth quarter and crossed 100 million buyers in the past year. A big part of this success comes from smart investments in logistics, product variety, and user experience. In 2024, Mercado Libre opened 10 new fulfillment centers, expanded free shipping, and brought in premium brands like Lancôme and Ralph Lauren. Moreover, nearly half of all shipments in Q4 were delivered within a day. MELI ranks 4th on our list of high growth stocks to consider.

Among the hedge funds tracked by Insider Monkey in the fourth quarter, 96 funds were bullish on MercadoLibre, Inc. (NASDAQ:MELI), compared to 87 funds in the earlier quarter. Arrowstreet Capital was the biggest stakeholder of the company, with 545,292 shares valued at $927.2 million.

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