MercadoLibre’s Impressive Growth in Latin America
MercadoLibre, the Latin American e-commerce and fintech giant, continues to impress with its growth in customer base, gross merchandise volume, and total payment volume. Founded in 1999, the company has solidified its position in key markets like Brazil and Mexico. With a strong growth trend in GMV and TPV, MercadoLibre is poised for success in the expanding Latin American e-commerce market.
Charles Schwab Investment Management Inc. Decreases Position in MercadoLibre, Inc. (NASDAQ:MELI)
Charles Schwab Investment Management Inc. has disclosed its stock holdings in MercadoLibre, Inc. (NASDAQ:MELI), revealing a decrease of 3.6% in its position during the third quarter. Other hedge funds have also made significant changes to their positions in MercadoLibre, with institutional investors and hedge funds owning 80.01% of the stock. MercadoLibre’s stock saw a 1.1% increase, opening at $1,612.75 on Friday, with financial indicators including a debt-to-equity ratio of 0.72, a market capitalization of $81.77 billion, and a price-to-earnings ratio of 82.54.