KeyBanc: MercadoLibre (NASDAQ:MELI) Hit $350 Target And Overweight From Sector Weight.

June 27, 2018 - By Carey Conley

MercadoLibre, Inc. (NASDAQ:MELI) Corporate Logo

During 2018 Q1 the big money sentiment increased to 0.99. That’s change of 0.06, from 2017Q4’s 0.93. 36 investors sold all, 117 reduced holdings as MercadoLibre, Inc. ratio is positive. 100 increased stakes while 51 funds acquired stakes. Funds hold 36.77 million shares thus 0.15% more from 2017Q4’s 36.71 million shares.

Rafferty Asset Management Ltd Co has invested 0.02% in MercadoLibre, Inc. (NASDAQ:MELI). Gilder Gagnon Howe Communication Ltd Liability Company reported 0.6% in MercadoLibre, Inc. (NASDAQ:MELI). California State Teachers Retirement holds 2,251 shs or 0% of its capital. Toth Financial Advisory holds 0% or 20 shs in its capital. Shelton Capital Mngmt invested in 3,429 shs or 0.08% of the stock. Comerica Natl Bank owns 11,310 shs or 0.03% of their US capital. Employees Retirement Association Of Colorado reported 0.18% of its capital in MercadoLibre, Inc. (NASDAQ:MELI). Price T Rowe Md reported 1.26M shs or 0.07% of all its holdings. Eqis Capital invested 0.14% in MercadoLibre, Inc. (NASDAQ:MELI). Keybank Natl Association Oh, a Ohio-based fund reported 1,802 shs. Bnp Paribas Asset Management Holdg Sa has invested 0.02% in MercadoLibre, Inc. (NASDAQ:MELI). The Ontario – Canada-based Fincl Bank Of Montreal Can has invested 0% in MercadoLibre, Inc. (NASDAQ:MELI). Two Sigma Secs Lc stated it has 0% of its capital in MercadoLibre, Inc. (NASDAQ:MELI). Td Asset Management holds 0.01% of its capital in MercadoLibre, Inc. (NASDAQ:MELI) for 18,231 shs. Avalon Advisors Ltd Co invested 0.05% in MercadoLibre, Inc. (NASDAQ:MELI).

MercadoLibre, Inc. had 0 sales and 2 insider buys since May 22, 2018. This’s net activity of $15.44 million.

KeyBanc Upgraded MercadoLibre (NASDAQ:MELI)’s Rating to Overweight.

On Tuesday morning MercadoLibre (NASDAQ:MELI)‘s rating was boosted at KeyBanc from Sector Weight to Overweight. The firm’s price target after the upgrade is $350.

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 27, 2018 according to StockzIntelligence Inc. On Tuesday, April 17 the rating was maintained by Cowen & Co with “Hold”. On Thursday, March 15 the rating was downgraded by Stifel Nicolaus to “Hold”. In Wednesday, April 11 report Bank of America maintained it with “Buy” rating and $45000 target. On Monday, February 5 the firm earned “Hold” rating by Cowen & Co. On Friday, April 20 Credit Suisse upgraded MercadoLibre, Inc. (NASDAQ:MELI) to “Buy” rating. On Monday, January 8 the rating was maintained by Credit Suisse with “Buy”. On Wednesday, February 28 the stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Overweight” rating by JP Morgan. On Thursday, February 15 the firm earned “Buy” rating by Piper Jaffray. In Wednesday, February 28 report J.P. Morgan upgraded it to “Buy” rating and $500.0 target. On Tuesday, June 26 the stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Overweight” rating by KeyBanc Capital Markets.

MELI is hitting $298.35 during the last trading session, after increased 3.50%.MercadoLibre, Inc. is uptrending after having risen 7.62% since June 27, 2017. MELI has 984,187 volume or 13.04% up from normal. MELI underperformed by 4.95% the S&P500.

MercadoLibre, Inc. (NASDAQ:MELI)’s earnings release is expected by WallStreet on August, 2, Faxor reports. Analysts forecast $-0.05 earnings per share. That’s $0.66 down or 108.20 % from 2017’s earnings of $0.61. Last quarter $-0.29 earnings per share was reported. Analysts sees -82.76 % EPS growth this quarter.

MercadoLibre, Inc. hosts online commerce platforms in Latin America.The company has $13.17 billion market cap. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction format.Last it reported negative earnings. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

For more MercadoLibre, Inc. (NASDAQ:MELI) news published recently go to: Streetinsider.com, Fool.com, Seekingalpha.com, Benzinga.com or Seekingalpha.com. The titles are as follows: “KeyBanc Upgrades MercadoLibre (MELI) to Overweight” published on June 26, 2018, “Why MercadoLibre, REV Group, and ArcelorMittal Slumped Today” on June 07, 2018, “Real problems for MELI and ARCO” with a publish date: June 07, 2018, “Benzinga’s Top Upgrades, Downgrades For June 26, 2018” and the last “MercadoLibre – Exposure To Latin America E-Commerce” with publication date: May 29, 2018.

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

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