Carmignac Gestion Decreased Stake in Mercadolibre INC (MELI) by $165.52 Million

June 29, 2018 - By Estela Ashley

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 acquired stakes and 100 increased stakes. Investors holded 36.71 million in 2017Q4 but now own 36.77 million shares or 0.15% more. Credit Agricole S A invested in 0% or 1 shs. Two Sigma Secs Limited Liability Company has invested 0% in MercadoLibre, Inc. (NASDAQ:MELI). Maverick Cap, a Texas-based fund reported 26,130 shs. Mitchell Management owns 902 shs. Melvin Cap LP holds 0.68% or 200,000 shs in its capital. Brown Cap Limited Liability Co stated it has 0.08% in MercadoLibre, Inc. (NASDAQ:MELI). Stevens Cap Mngmt LP invested in 0.01% or 925 shs. Navellier & Associates Incorporated stated it has 270 shs or 0.01% of all its holdings. 2,619 are held by L And S Advsrs Inc. Comerica Financial Bank reported 11,310 shs. Cibc Asset Mngmt Inc owns 1,980 shs for 0% of their capital. Davenport And Limited Liability Company holds 43,321 shs. Shelton Capital Mgmt holds 3,429 shs. Fil has 0.03% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 27,649 shs. 2,517 were accumulated by Rhumbline Advisers.

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

The stake In Mercadolibre Inc (MELI) was reduced owned by Carmignac Gestion. According to 2018Q1 SEC filling the reduction is 20.21%. The company’s stock declined 19.83% with the market as Carmignac Gestion sold 464,933 shares. The institutional investor is holding 1.84 million shares, compared to the 2.30 million from the previous quarter. And the reported value of the miscellaneous company is $654.20 million for the 2018Q1. Mercadolibre Inc has $13.25B market cap. The stock increased 1.07% or $3.19 during the last trading session, reaching $299.99.Currently MercadoLibre, Inc. is uptrending after 7.62% change in last June 29, 2017. MELI has 282,455 shares volume. The stock underperformed the S&P 500 by 4.95%.

Carmignac Gestion manages about $14.26B US Long portfolio. According to a filing the fund rose its stake in Yy Inc (NASDAQ:YY) by 129,134 shares to 188,885 shares, valued at $19.87 million in 2018Q1. Carmignac Gestion has risen its stake in Noble Energy Inc (NYSE:NBL) and also increased its holding in Sm Energy Co (NYSE:SM) by 4.42M shares in the quarter, for a total of 4.72 million shares.

Investors expect MercadoLibre, Inc. (NASDAQ:MELI)’s quarterly earnings on August, 2., as reported by RTT. Analysts forecast $-0.05 EPS, which is $0.66 down or 108.20 % from 2017’s $0.61 EPS. -82.76 % EPS growth is what analysts predict. $-0.29 EPS was revealed for last quarter.

For more MercadoLibre, Inc. (NASDAQ:MELI) news published recently go to: Fool.com, Seekingalpha.com, Streetinsider.com, Streetinsider.com or Seekingalpha.com. The titles are as follows: “3 Stocks That Turned $8000 into $64000” published on June 14, 2018, “MercadoLibre: It’s Only Getting Worse” on June 18, 2018, “KeyBanc Upgrades MercadoLibre (MELI) to Overweight” with a publish date: June 26, 2018, “MercadoLibre (MELI) on Watch Amid Amazon Headlines” and the last “Real problems for MELI and ARCO” with publication date: June 07, 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. In Monday, February 5 report Cowen & Co maintained it with “Hold” rating and $404.0 target. In Wednesday, February 28 report JP Morgan upgraded the stock to “Overweight” rating. The company rating was maintained by Barclays Capital on Wednesday, April 25. The company rating was maintained by Credit Suisse on Friday, February 23. The stock rating was maintained by Bank of America with “Buy” on Wednesday, April 11. On Monday, January 8 Credit Suisse maintained MercadoLibre, Inc. (NASDAQ:MELI) rating. Credit Suisse has “Buy” rating and $385.0 target. On Tuesday, June 26 KeyBanc Capital Markets upgraded MercadoLibre, Inc. (NASDAQ:MELI) to “Overweight” rating. On Wednesday, February 28 the firm earned “Buy” rating by J.P. Morgan. On Friday, February 23 the rating was maintained by Stifel Nicolaus with “Buy”. On Thursday, March 15 Stifel Nicolaus downgraded the shares of MELI in report to “Hold” rating.

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

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