Carl Anderson’s Marcho Partners Is Investing In These 5 Stocks

1. Mercadolibre, Inc. (NASDAQ:MELI)

Marcho Partners’ Stake Value: $200.4 million
Percentage of Marcho Partners’ 13F Portfolio: 13.42%
Number of Hedge Fund Holders: 74

MercadoLibre, Inc. (NASDAQ:MELI), based in Buenos Aires, Argentina, is a company that operates online marketplaces dedicated to e-commerce, as well as online auctions.

Marcho Partners currently owns 128,681 shares of MercadoLibre, Inc.(NASDAQ:MELI), amounting to more than $200.4 million in worth and accounting for 13.42% of the fund’s portfolio. At the end of the first half of 2021, 74 hedge funds in the database of Insider Monkey held stakes worth $4.02 billion in MercadoLibre, Inc. (NASDAQ:MELI), down from 69 in the previous quarter worth $5.2 billion.

On October 25, Scotiabank analyst Rodrigo Echagaray upgraded MercadoLibre, Inc. (NASDAQ:MELI) to Outperform from Sector Perform, with a $2,100 price target.

In the Q2 2021 investor letter of Polen Capital, the fund mentioned MercadoLibre, Inc. (NASDAQ:MELI). Here is what the fund had to say:

“Argentina-based MercadoLibre operates Latin America’s leading ecommerce website and digital wallet. Both e-commerce and consumer finance are underpenetrated among the nearly 400 million citizens living in the company’s three largest markets: Brazil, Argentina, and Mexico.

MercadoLibre’s digitally native solution gives more than 70 million users an easy access point for both online shopping and a digital wallet.

From humble beginnings as a third-party marketplace, MercadoLibre’s management built the business over the last twenty years by steadily expanding the platform’s reach with new services to suit both merchants and consumers. Today’s offerings include financing capabilities for buyers and sellers, logistics, loyalty programs, classifieds listings, and grocery items. We think MercadoLibre can compound earnings at a 25% rate for the next five years.”

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