From Yahoo Finance: 2025-05-27 09:50:00

Loomis Sayles released its “Global Growth Fund” first quarter 2025 investor letter, reporting a -3.35% return compared to the MSCI ACWI Net Index’s -1.32%. The fund benefited from stock selection in consumer staples, communication services, and healthcare sectors, with top five holdings for 2025 provided.

MercadoLibre, Inc. (NASDAQ:MELI) saw a one-month return of 13.56% and a 48.08% gain over the last 52 weeks, closing at $2,507.83 per share on May 23, 2025, with a market cap of $127.14 billion. Loomis Sayles highlighted MELI as the largest online commerce platform in Latin America in its Q1 2025 investor letter.

MercadoLibre, Inc. (NASDAQ:MELI) operates in 18 countries, serving over 218 million active users with a focus on e-commerce and fintech solutions. Loomis Sayles Global Growth Fund believes MELI benefits from strong competitive advantages for sustained growth in Latin America’s e-commerce sector over the next decade.

MercadoLibre, Inc. (NASDAQ:MELI) is not among the 30 most popular stocks among hedge funds, with 108 portfolios holding it at the end of Q1 2025. While MELI shows promise, hedge funds favor AI stocks for higher returns in a shorter timeframe. Consider an undervalued AI stock with significant potential for gains.

Read more: Here’s WhyMercadoLibre (MELI) has Strong Growth Prospects