MercadoLibre had a strong performance in Q1 2025, highlighted as a top stock pick

From Yahoo Finance: 2025-06-30 09:00:00

Hardman Johnston Global Advisors released its first quarter 2025 investor letter, showing a 0.43% return net of fees, outperforming the MSCI AC World Net Index. Key sectors were Industrials and Consumer Discretionary, with Europe as the top regional contributor. MercadoLibre, Inc. was highlighted as a top stock pick in the letter, with a one-month return of -1.29%.

Within Consumer Discretionary, MercadoLibre, Inc. showed strong performance in Q1 2025, with robust fourth quarter results and a focus on credit issuance and advertising growth. The company’s stock closed at $2,560.05 per share on June 27, 2025, with a market cap of $129.788 billion. Hedge funds are increasingly interested in MercadoLibre, Inc., with 108 portfolios holding the stock at the end of Q1.

Despite not being among the 30 most popular stocks among hedge funds, MercadoLibre, Inc. is gaining traction as an investment option. The company’s potential, especially in AI stocks, is recognized for delivering higher returns within a shorter timeframe. Investors looking for promising AI stocks with significant upside potential can explore the undervalued AI stock set for massive gains.

Read more: MercadoLibre (MELI) Surged on Substantial Operating Profit Beat