Carmignac Gestion Decreased Stake in Mercadolibre INC (MELI) as Shares Rose

May 16, 2018 - By Arturo Altman

MercadoLibre, Inc. (NASDAQ:MELI) Corporate LogoBig Money Sentiment decreased to 0.93 in 2017 Q4. It has change of 0.23, from 2017Q3’s 1.16. The ratio dropped due to MELI positioning: 39 sold and 114 reduced. 56 funds bought positions and 87 increased positions. Investors holded 35.73 million in 2017Q3 but now own 36.71 million shares or 2.73% more. Cap Fund Management has invested 0.04% in MercadoLibre, Inc. (NASDAQ:MELI). Ardevora Asset Ltd Liability Partnership invested in 1.05% or 111,070 shs. Comerica Bank & Trust holds 18,614 shs or 0.04% of its capital. Brinker stated it has 3,620 shs or 0.04% of all its holdings. B And T Capital Management Dba Alpha Capital Management owns 0.59% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 3,956 shs. Neuberger Berman Group Inc Ltd has invested 0.03% in MercadoLibre, Inc. (NASDAQ:MELI). Motley Fool Wealth Limited Co has invested 1.77% in MercadoLibre, Inc. (NASDAQ:MELI). Citadel Ltd Liability Corporation, a Illinois-based fund reported 99,689 shs. Light Street Capital Mngmt Ltd Liability Corporation stated it has 37,289 shs. Natl Bank Of Montreal Can invested in 4,927 shs. Jpmorgan Chase & stated it has 1.80 million shs or 0.12% of all its holdings. National Bank Of New York Mellon holds 0% or 44,831 shs in its capital. Columbia L L C Mgmt reported 0.03% stake. Rathbone Brothers Public Ltd reported 0.01% of its capital in MercadoLibre, Inc. (NASDAQ:MELI). Asset Management One Ltd holds 0.16% of its capital in MercadoLibre, Inc. (NASDAQ:MELI) for 232,915 shs.

Carmignac Gestion decreased its holdings by 5.18% in Mercadolibre Inc (MELI), according to 2017Q4 Securities and Exchange filling. The company’s stock popped up 11.87% while Carmignac Gestion sold 125,644 shares. At the end of 2017Q4, the 2.30M shares of the miscellaneous company held by the institutional investor were valued at $723.90M, down from 2.43 million at the end of the previous reported quarter. Mercadolibre Inc has $13.28B market cap. The stock increased 3.40% or $9.88 during the last trading session, hitting $300.63.MercadoLibre, Inc. is uptrending after having risen 66.47% since May 16, 2017. MELI has 901,811 volume or 19.38% up from normal. The stock outperformed the S&P500 by 54.92%.

Carmignac Gestion increased its stake in T (NYSE:TMUS) by 62,237 shares to 5.91 million shares, valued at $375.12M in 2017Q4, according to the filing. It manages about $15.05B US Long portfolio. Carmignac Gestion has risen its stake in Pioneer Natural Resources Co (Prn) (Put) (NYSE:PXD) and also increased its holding in Wheaton Precious Metals Corp by 2.09M shares in the quarter, for a total of 15.61M shares.

On August, 2. Investors expect MercadoLibre, Inc. (NASDAQ:MELI) to announce its quarterly earnings, Zacks reports. Analysts have anticipation on stock’s EPS of $0.11. That’s down 81.97 % from last year’s $0.61 EPS. If the current EPS of $0.11 is accurate, MELI’s profit could be $4.86 million. Analysts at Wall Street see MercadoLibre, Inc.’s -137.93 % EPS growth compared to $-0.29 EPS for previous quarter.

For more MercadoLibre, Inc. (NASDAQ:MELI) news brought out briefly go to: Gurufocus.com, Streetinsider.com, Nasdaq.com, Streetinsider.com or Seekingalpha.com. The titles are as follows: “Dan Loeb’s Top 4 Buys in 1st Quarter” brought out on May 16, 2018, “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018, “MercadoLibre Executives Talk Accounting Regs, Merchant Loans, and Profits” with a publish date: May 16, 2018, “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” and the last “MercadoLibre, Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: May 10, 2018.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

In total 11 analysts cover Mercadolibre (NASDAQ:MELI). “Buy” rating has 6, “Sell” are 1, while 4 are “Hold”. 55% are bullish. 15 are the (NASDAQ:MELI)’s analyst reports since December 20, 2017 according to StockzIntelligence Inc. On Thursday, March 15 the firm has “Hold” rating by Stifel Nicolaus given. In Friday, February 23 report Credit Suisse maintained it with “Outperform” rating and $400 target. In Monday, January 8 report Credit Suisse maintained it with “Buy” rating and $385.0 target. On Friday, April 20 Credit Suisse upgraded MercadoLibre, Inc. (NASDAQ:MELI) rating. Credit Suisse has “Buy” rating and $40000 target. On Thursday, February 15 the firm has “Buy” rating by Piper Jaffray given. On Wednesday, February 28 J.P. Morgan upgraded MercadoLibre, Inc. (NASDAQ:MELI) to “Buy” rating. On Wednesday, February 28 JP Morgan upgraded the shares of MELI in report to “Overweight” rating. On Monday, February 5 the stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Hold” rating given by Cowen & Co. On Wednesday, December 20 the firm has “Sell” rating by Citigroup given. In Tuesday, April 17 report Cowen & Co maintained it with “Hold” rating and $37300 target.

MercadoLibre, Inc. (NASDAQ:MELI) Institutional Investors Chart

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