*Carmignac Gestion Holds Stake in Mercadolibre INC (MELI)

June 29, 2018 - By Jane Lemasters

MercadoLibre, Inc. (NASDAQ:MELI) Corporate LogoBig Money Sentiment increased to 0.99 in Q1 2018. It has change of 0.06, from 2017Q4’s 0.93. The ratio is positive due to MELI positioning: 36 sold and 117 reduced. 51 funds took positions and 100 increased positions. Investors holded 36.71 million in 2017Q4 but now own 36.77 million shares or 0.15% more. Morgan Stanley reported 0.14% in MercadoLibre, Inc. (NASDAQ:MELI). Melvin Capital Management Ltd Partnership, a New York-based fund reported 200,000 shs. Boothbay Fund Mgmt Limited Company holds 0.13% of its capital in MercadoLibre, Inc. (NASDAQ:MELI) for 3,061 shs. Moreover, First Personal Services has 0% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 24 shs. Dupont Capital Corporation holds 0.01% of its capital in MercadoLibre, Inc. (NASDAQ:MELI) for 1,203 shs. Engineers Gate Manager LP reported 0.21% in MercadoLibre, Inc. (NASDAQ:MELI). Highland Cap Mngmt Limited Partnership invested in 16,069 shs or 0.3% of the stock. Gradient Ltd Liability Corp reported 66 shs or 0% of all its holdings. Commonwealth Commercial Bank Of Aus, a Australia-based fund reported 1,098 shs. Cwm Ltd Liability, a Nebraska-based fund reported 8 shs. Kames Public Ltd Llc has 1.45% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 158,457 shs. Neuberger Berman Group Limited Liability Co holds 75,614 shs or 0.03% of its capital. First Mercantile Trust Com owns 0.28% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 3,800 shs. Green Square Capital Ltd Llc, a Tennessee-based fund reported 2,338 shs. Ameritas Inv Inc reported 791 shs.

MELI registered $15.44 million net activity with 2 buys and 0 sales since May 22, 2018.

Carmignac Gestion’s holdings in Mercadolibre Inc (MELI) is decreased by 20.21% based on its latest 2018Q1 regulatory filing with the SEC. 464,933 shares were sold by Carmignac Gestion as the company’s stock declined 19.83% with the market. The institutional investor is holding 1.84M shares, compared to the 2.30 million from the previous quarter. And the announced value of the miscellaneous company is $654.20M for the 2018Q1. $13.25 billion is Mercadolibre Inc’s MC. MELI is hitting $299.99 during the last trading session, after increased 1.07%.MercadoLibre, Inc. has volume of 282,455 shares. Since June 29, 2017 MELI has risen 7.62% and is uptrending. The stock underperformed the S&P 500 by 4.95%.

About $14.26B US Long portfolio Carmignac Gestion manages. Its stake in Intuitive Surgical Inc (NASDAQ:ISRG) was increased by 127,452 shares to 724,461 shares valued at $299.08 million in 2018Q1, according to the filing. For a total of 2.66 million shares it increased its holding in Wayfair Inc (NYSE:W) by 1.86 million shares in the quarter, and has risen its stake in Bank Of America Corp (NYSE:BAC).

On August, 2 WallStreet anticipated MercadoLibre, Inc. (NASDAQ:MELI)’s earnings report, according to Zacks. Last year’s earnings per share was $0.61, while now analysts expect change of 108.20 % down from current $-0.05 earnings per share. Analysts at Wall Street see MercadoLibre, Inc.’s -82.76 % EPS growth compared to $-0.29 earnings per share for last quarter.

For more MercadoLibre, Inc. (NASDAQ:MELI) news announced briefly go to: Streetinsider.com, Fool.com, Streetinsider.com, Benzinga.com or Fool.com. The titles are as follows: “MercadoLibre (MELI) on Watch Amid Amazon Headlines” announced on June 14, 2018, “3 Stocks That Turned $8000 into $64000” on June 14, 2018, “KeyBanc Upgrades MercadoLibre (MELI) to Overweight” with a publish date: June 26, 2018, “MercadoLibre’s Valuation Is Too Compelling To Pass Up, KeyBanc Says In Upgrade” and the last “Why MercadoLibre, REV Group, and ArcelorMittal Slumped Today” with publication date: June 07, 2018.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

Total analysts of 11 have positions in Mercadolibre (NASDAQ:MELI) as follows: 7 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 64%. Since January 4, 2018 according to StockzIntelligence Inc Mercadolibre has 15 analyst reports. On Tuesday, April 17 Cowen & Co maintained MercadoLibre, Inc. (NASDAQ:MELI) rating. Cowen & Co has “Hold” rating and $37300 target. The company rating was maintained by Susquehanna on Wednesday, January 24. The company rating was maintained by Credit Suisse on Friday, February 23. On Tuesday, June 26 the firm has “Overweight” rating by KeyBanc Capital Markets given. On Wednesday, February 28 the stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Overweight” rating by JP Morgan. On Thursday, March 15 the firm has “Hold” rating given by Stifel Nicolaus. On Monday, January 8 Credit Suisse maintained the shares of MELI in report with “Buy” rating. On Friday, February 23 the company was maintained by Stifel Nicolaus. In Monday, February 5 report Cowen & Co maintained the stock with “Hold” rating. In Wednesday, April 11 report Bank of America maintained it with “Buy” rating and $45000 target.

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

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