Shares appreciated 30% on quarterly results that beat consensus expectations, with 53% year-over-year growth in revenues and 63% yearover-year growth in EBITDA. E-commerce trends continue to show resiliency as MercadoLibre is not experiencing the same post-COVID normalization seen by e-commerce companies in developed markets. Additionally, business trends in the fintech division showed continued positive momentum with 80% year-over-year growth in total payment volumes, leading to consensus upgrades. We believe MercadoLibre will be the dominant player in a Latin American e-commerce industry that remains early in its growth lifecycle, driven by the relative low e-commerce penetration in the region. We remain shareholders." MercadoLibre, Inc. (NASDAQ:MELI) is not on our list of 30 Most Popular Stocks Among Hedge Funds.