Carmignac Gestion Decreased Mercadolibre INC (MELI) Stake

June 29, 2018 - By Alex Paulin

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 holdings and 100 increased holdings. Investors holded 36.71 million in 2017Q4 but now own 36.77 million shares or 0.15% more. Two Sigma Ltd Limited Liability Company has 580 shs for 0% of their capital. Moreover, Stratos Wealth Limited has 0% invested in MercadoLibre, Inc. (NASDAQ:MELI). Dixon Hubard Feinour & Brown Va invested 0.08% of its capital in MercadoLibre, Inc. (NASDAQ:MELI). Livforsakringsbolaget Skandia Omsesidigt invested in 800 shs. Clinton Gru owns 2,688 shs. Hightower Advisors Limited Company reported 675 shs stake. 902 were accumulated by Mitchell Cap Com. Tiaa Cref Invest Management Ltd Liability Corp owns 11,802 shs or 0% of their US capital. Landscape Capital Mgmt Limited Liability Corporation holds 0.04% or 1,757 shs in its capital. Newbrook Cap Advisors LP stated it has 2.6% of its capital in MercadoLibre, Inc. (NASDAQ:MELI). Strs Ohio holds 0% of its capital in MercadoLibre, Inc. (NASDAQ:MELI) for 2,470 shs. Panagora Asset Management invested in 0.05% or 32,301 shs. Citigroup holds 0.09% of its capital in MercadoLibre, Inc. (NASDAQ:MELI) for 292,019 shs. New York-based Gilder Gagnon Howe & Limited Liability Company has invested 0.6% in MercadoLibre, Inc. (NASDAQ:MELI). Uss Inv Management stated it has 76,000 shs.

MELI registered $15.44 million net activity with 2 buys and 0 selling transactions 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. At the end of 2018Q1, the institutional investor held 1.84M shares of the miscellaneous company, priced at $654.20M, down from 2.30M at the end of the previous reported quarter. $13.25B is the market cap of Mercadolibre Inc. Ticker’s shares touched $299.99 during the last trading session after 1.07% change.Currently MercadoLibre, Inc. is uptrending after 7.62% change in last June 29, 2017. MELI has 282,455 shares volume. MELI underperformed the S&P500 by 4.95%.

About $14.26B US Long portfolio Carmignac Gestion manages. It increased its stake in Pioneer Natural Resources Co (NYSE:PXD) by 3.00M shares to 3.10 million shares, valued at $532.26M in 2018Q1, according to the filing. Carmignac Gestion has risen its stake in Sm Energy Co (NYSE:SM) and also increased its holding in Transportador Gas Sur (NYSE:TGS) by 194,796 shares in the quarter, for a total of 712,677 shares.

On August, 2 is expected MercadoLibre, Inc. (NASDAQ:MELI)’s earnings report, as reported by RTT. 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. Wall Street forecasts -82.76 % EPS growth as of August, 2.

For more MercadoLibre, Inc. (NASDAQ:MELI) news published briefly go to: Fool.com, Streetinsider.com, Seekingalpha.com, Seekingalpha.com or Fool.com. The titles are as follows: “Why MercadoLibre, REV Group, and ArcelorMittal Slumped Today” published on June 07, 2018, “KeyBanc Upgrades MercadoLibre (MELI) to Overweight” on June 26, 2018, “MercadoLibre: It’s Only Getting Worse” with a publish date: June 18, 2018, “iQiyi: 2 Reasons The Run Can Continue” and the last “3 Stocks That Turned $8000 into $64000” with publication date: June 14, 2018.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

In total 11 analysts cover Mercadolibre (NASDAQ:MELI). “Buy” rating has 7, “Sell” are 0, while 4 are “Hold”. (NASDAQ:MELI) has 64% bullish analysts. 15 are the (NASDAQ:MELI)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Friday, April 20 the rating was upgraded by Credit Suisse to “Buy”. On Wednesday, April 25 Barclays Capital maintained MercadoLibre, Inc. (NASDAQ:MELI) rating. Barclays Capital has “Overweight” rating and $380 target. In Monday, February 5 report Cowen & Co maintained it with “Hold” rating and $404.0 target. On Wednesday, February 28 JP Morgan upgraded the shares of MELI in report to “Overweight” rating. On Friday, February 23 the firm earned “Buy” rating by Stifel Nicolaus. On Tuesday, June 26 the rating was upgraded by KeyBanc Capital Markets to “Overweight”. The stock rating was upgraded by J.P. Morgan to “Buy” on Wednesday, February 28. On Thursday, March 15 the firm has “Hold” rating by Stifel Nicolaus given. On Tuesday, April 17 the firm has “Hold” rating by Cowen & Co given. On Monday, January 8 the rating was maintained by Credit Suisse with “Buy”.

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

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