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

June 29, 2018 - By Alberta Moore

MercadoLibre, Inc. (NASDAQ:MELI) Corporate LogoBig Money Sentiment increased to 0.99 in 2018 Q1. It has change of 0.06, from 2017Q4’s 0.93. The ratio improved due to MELI positioning: 36 sold and 117 reduced. 51 funds amassed positions and 100 increased positions. Investors holded 36.71 million in 2017Q4 but now own 36.77 million shares or 0.15% more. Goldman Sachs has 0.04% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 434,407 shs. Quantitative Systematic Strategies Llc reported 0.07% stake. Wells Fargo & Mn holds 0.08% of its capital in MercadoLibre, Inc. (NASDAQ:MELI) for 737,688 shs. Zevin Asset Management Lc accumulated 36,131 shs or 3.34% of the stock. Archford Cap Strategies Limited Liability Corporation invested 0% of its capital in MercadoLibre, Inc. (NASDAQ:MELI). Dragoneer Investment Gru Limited Liability Company invested 2.52% in MercadoLibre, Inc. (NASDAQ:MELI). First Manhattan Co accumulated 0% or 240 shs. Mitchell Cap Comm stated it has 0.12% in MercadoLibre, Inc. (NASDAQ:MELI). River & Mercantile Asset Mgmt Ltd Liability Partnership holds 14,679 shs or 0.61% of its capital. Reliance Tru Of Delaware stated it has 810 shs or 0.04% of all its holdings. Susquehanna Grp Inc Limited Liability Partnership reported 0.1% in MercadoLibre, Inc. (NASDAQ:MELI). Massmutual Trust Co Fsb Adv invested in 50 shs or 0% of the stock. Partners Lc has 0.15% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 12,706 shs. Moreover, Atria Invests Ltd Llc has 0.01% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 638 shs. Epoch Invest Prns holds 0.02% or 14,916 shs.

MELI registered $15.44 million net activity with 2 buys 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 decrease is 20.21%. The company’s stock sank 19.83% while Carmignac Gestion sold 464,933 shares. At the end of 2018Q1, the 1.84M shares of the miscellaneous company held by the institutional investor were valued at $654.20M, down from 2.30 million at the end of the previous reported quarter. $13.25B is the MC of Mercadolibre Inc. MELI reached $299.99 during the last trading session after $3.19 change.Currently MercadoLibre, Inc. is uptrending after 7.62% change in last June 29, 2017. MELI has 282,455 shares volume. MELI underperformed by 4.95% the S&P 500.

About $14.26B US Long portfolio Carmignac Gestion operates. Its stake in Pampa Energia Sa (NYSE:PAM) was increased by 802,964 shares to 3.07M shares valued at $182.75 million in 2018Q1, according to the filing. Carmignac Gestion has risen its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO) and also increased its holding in Class A by 1.03 million shares in the quarter, for a total of 1.45 million shares.

MercadoLibre, Inc. (NASDAQ:MELI)’s earnings report is anticipated on August, 2., according to Zacks. Analysts predict $-0.05 EPS. That’s $0.66 down or 108.20 % from 2017’s earnings of $0.61. After $-0.29 EPS report last quarter, Wall Street now forecasts -82.76 % EPS growth of MercadoLibre, Inc..

For more MercadoLibre, Inc. (NASDAQ:MELI) news published recently go to: Streetinsider.com, Streetinsider.com, Fool.com, Seekingalpha.com or Fool.com. The titles are as follows: “KeyBanc Upgrades MercadoLibre (MELI) to Overweight” published on June 26, 2018, “MercadoLibre (MELI) on Watch Amid Amazon Headlines” on June 14, 2018, “Why MercadoLibre, REV Group, and ArcelorMittal Slumped Today” with a publish date: June 07, 2018, “MercadoLibre: It’s Only Getting Worse” 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”. 64% are bullish. 15 are the (NASDAQ:MELI)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. On Friday, February 23 the stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Outperform” rating given by Credit Suisse. On Thursday, March 15 the company was downgraded by Stifel Nicolaus. On Monday, January 8 the stock has “Buy” rating by Credit Suisse. The company rating was upgraded by KeyBanc Capital Markets on Tuesday, June 26. The stock rating was upgraded by J.P. Morgan to “Buy” on Wednesday, February 28. On Friday, February 23 the firm has “Buy” rating by Stifel Nicolaus given. On Wednesday, January 24 Susquehanna maintained MercadoLibre, Inc. (NASDAQ:MELI) rating. Susquehanna has “Hold” rating and $379.0 target. The stock rating was maintained by Cowen & Co with “Hold” on Tuesday, April 17. On Thursday, February 15 the rating was maintained by Piper Jaffray with “Buy”. The stock rating was maintained by Bank of America with “Buy” on Wednesday, April 11.

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

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