Carmignac Gestion Decreased Stake in Mercadolibre INC (MELI) by $39.45 Million

May 16, 2018 - By Andrea Pope

MercadoLibre, Inc. (NASDAQ:MELI) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 0.93. That’s change of 0.23, from 2017Q3’s 1.16. 39 investors sold all, 114 reduced holdings as MELI ratio is negative. 87 increased positions while 56 funds amassed positions. Funds hold 36.71 million shares thus 2.73% more from 2017Q3’s 35.73 million shares. 206 are owned by Northwestern Mutual Wealth Mngmt. Virtus Invest Advisers reported 287,685 shs. invested 0.31% of its capital in MercadoLibre, Inc. (NASDAQ:MELI). 636 are owned by Green Square Capital Ltd Liability. Bender Robert And Associates invested in 3.81% or 21,840 shs. Point72 Asset Mgmt Limited Partnership reported 0.27% in MercadoLibre, Inc. (NASDAQ:MELI). Kames Cap Public Limited Liability Company has 158,457 shs for 1.26% of their capital. Price T Rowe Associates Md has 1.34M shs for 0.07% of their capital. Pacad Investment Limited has 400 shs. 158,125 were reported by Fmr Limited Co. D E Shaw And Inc owns 224,601 shs or 0.1% of their US capital. Alliancebernstein LP owns 10,224 shs or 0% of their US capital. First Allied Advisory Svcs has invested 0.02% in MercadoLibre, Inc. (NASDAQ:MELI). Eqis Capital Mngmt holds 0.11% or 7,065 shs in its capital. Citadel Ltd stated it has 0.02% in MercadoLibre, Inc. (NASDAQ:MELI).

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

About $15.05 billion US Long portfolio Carmignac Gestion manages. Its stake in Facebook Inc (NASDAQ:FB) was increased by 31,700 shares to 5.45M shares valued at $961.37M in 2017Q4, according to the filing. For a total of 15.61M shares it increased its holding in Wheaton Precious Metals Corp by 2.09M shares in the quarter, and has risen its stake in Bitauto Holdings Ltd (NYSE:BITA).

On August, 2 MercadoLibre, Inc. (NASDAQ:MELI)’s earnings release is expected by WallStreet, RTT reports. Analysts predict 81.97 % diference or $0.11 from the $0.61 EPS from 2017. If $0.11 is reported, MELI’s profit will hit $4.86M for 683.25 P/E. 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 released briefly go to: Seekingalpha.com, Streetinsider.com, Globenewswire.com, Streetinsider.com or Nasdaq.com. The titles are as follows: “MercadoLibre, Inc. 2018 Q1 – Results – Earnings Call Slides” released on May 10, 2018, “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018, “MercadoLibre, Inc. to Report First Quarter 2018 Financial Results” with a publish date: April 30, 2018, “Tiger Global’s 13F Shows New Stake in Twitter (TWTR), Mercado (MELI), Increases Stake in Amazon (AMZN) (more…)” and the last “MercadoLibre Executives Talk Accounting Regs, Merchant Loans, and Profits” with publication date: May 16, 2018.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

A total of 11 analysts rate Mercadolibre (NASDAQ:MELI) as follows: 6 “Buy”, 4 “Hold” and 1 “Sell”. Тherefore 55% are bullish. (NASDAQ:MELI) has 15 ratings reports on May 16, 2018 according to StockzIntelligence. On Friday, April 20 Credit Suisse upgraded the shares of MELI in report to “Buy” rating. In Wednesday, February 28 report J.P. Morgan upgraded the stock to “Buy” rating. On Wednesday, February 28 the company was upgraded by JP Morgan. On Thursday, March 15 the rating was downgraded by Stifel Nicolaus to “Hold”. On Monday, January 8 the firm has “Buy” rating given by Credit Suisse. On Monday, February 5 the firm has “Hold” rating given by Cowen & Co. On Wednesday, April 11 the firm has “Buy” rating by Bank of America given. On Wednesday, January 24 the stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Hold” rating given by Susquehanna. On Wednesday, December 20 the firm has “Sell” rating by Citigroup given. On Thursday, February 15 the company was maintained by Piper Jaffray.

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

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