5 Hyper-Growth Stocks Billionaires Are Loading Up On

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1. MercadoLibre Inc (NASDAQ:MELI)

Number of Billionaire Investors: 13

Argentina-based ecommerce company MercadoLibre Inc (NASDAQ:MELI) ranks first in our list of the hyper-growth stocks to buy according to billionaire investors.  A total of 13 billionaires tracked by Insider Monkey had stakes in MercadoLibre Inc (NASDAQ:MELI). The most notable stakeholder of MercadoLibre Inc (NASDAQ:MELI) among these billionaires was Ken Fisher’s Fisher Asset Management which owns a $203 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.”

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