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

May 16, 2018 - By Loretta Love

MercadoLibre, Inc. (NASDAQ:MELI) Corporate LogoBig Money Sentiment decreased to 0.93 in 2017 Q4. It has change of 0.23, from 2017Q3’s 1.16. The ratio is negative due to MELI positioning: 39 sold and 114 reduced. 56 funds amassed stakes and 87 increased stakes. Investors holded 35.73 million in 2017Q3 but now own 36.71 million shares or 2.73% more. The United Kingdom-based River & Mercantile Asset Llp has invested 1.55% in MercadoLibre, Inc. (NASDAQ:MELI). 9,016 were reported by Btg Pactual Global Asset Management Ltd. Amundi Pioneer Asset Mngmt invested 0% in MercadoLibre, Inc. (NASDAQ:MELI). Ubs Asset Management Americas Inc has 109,592 shs for 0.03% of their capital. Moreover, Sarl has 4.11% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 139,950 shs. Regal Inv Advsr Ltd Liability Corporation reported 956 shs. Dynamo Internacional Gestao De Recursos Ltda holds 342,022 shs or 15.63% of its capital. Nomura Asset Mgmt owns 11,601 shs. 14,993 were reported by Howland Cap Mngmt Limited Liability Corporation. Tiaa Cref Inv Mgmt Llc has 11,801 shs. D E Shaw & stated it has 224,601 shs. Foxhaven Asset Mngmt LP holds 221,046 shs. Maverick Ltd has invested 0.1% of its capital in MercadoLibre, Inc. (NASDAQ:MELI). Cubist Systematic Strategies Lc holds 135 shs or 0% of its capital. 56 are owned by Architects.

Carmignac Gestion’s stake in Mercadolibre Inc (MELI) is decreased by 5.18% based on its latest 2017Q4 regulatory filing with the SEC. 125,644 shares were sold by Carmignac Gestion as the company’s stock rose 11.87% while stock markets declined. The institutional investor is holding 2.30M shares, compared to the 2.43 million from the previous quarter. And the announced value of the miscellaneous company is $723.90M for the 2017Q4. Mercadolibre Inc has $13.28B MC. Ticker’s shares touched $300.63 during the last trading session after 3.40% change.MercadoLibre, Inc. has 901,811 shares volume, 19.38% up from normal. MELI is uptrending and has moved 66.47% since May 16, 2017. MELI outperformed by 54.92% the S&P 500.

Carmignac Gestion manages about $15.05B US Long portfolio. Its stake in Pioneer Natural Resources Co (Prn) (Put) (NYSE:PXD) was upped by 50,000 shares to 100,000 shares valued at $17.29 million in 2017Q4, according to the filing. Carmignac Gestion has risen its stake in Tesla Inc (Prn) (Put) (NASDAQ:TSLA) and also increased its holding in Grupo Financiero Galicia (NASDAQ:GGAL) by 4.22M shares in the quarter, for a total of 5.02 million shares.

MercadoLibre, Inc. (NASDAQ:MELI)’s earnings report is anticipated on August, 2., as reported by Faxor. This year’s earnings per share analyst estimate is anticipated to be $0.11. That is 81.97 % down compareed to $0.61 earnings per share for last year. In case of $0.11 earnings per share MELI’s profit could hit $4.86 million. After $-0.29 EPS report last quarter, Wall Street now predicts -137.93 % EPS growth of MercadoLibre, Inc..

For more MercadoLibre, Inc. (NASDAQ:MELI) news posted recently go to: Nasdaq.com, Streetinsider.com, Globenewswire.com, Streetinsider.com or Streetinsider.com. The titles are as follows: “MercadoLibre Executives Talk Accounting Regs, Merchant Loans, and Profits” posted on May 16, 2018, “Tiger Global’s 13F Shows New Stake in Twitter (TWTR), Mercado (MELI), Increases Stake in Amazon (AMZN) (more…)” on May 15, 2018, “MercadoLibre, Inc. to Report First Quarter 2018 Financial Results” with a publish date: April 30, 2018, “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” and the last “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” with publication date: May 15, 2018.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

In total 11 analysts cover Mercadolibre (NASDAQ:MELI). “Buy” rating has 6, “Sell” are 1, while 4 are “Hold”. 55% are bullish. 15 are the (NASDAQ:MELI)’s analyst reports since December 20, 2017 according to StockzIntelligence Inc. In Wednesday, January 24 report Susquehanna maintained it with “Hold” rating and $379.0 target. On Monday, February 5 the stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Hold” rating given by Cowen & Co. On Wednesday, February 28 the firm earned “Buy” rating by J.P. Morgan. On Tuesday, April 17 the rating was maintained by Cowen & Co with “Hold”. On Friday, April 20 the rating was upgraded by Credit Suisse to “Buy”. On Wednesday, December 20 the rating was downgraded by Citigroup to “Sell”. On Thursday, February 15 Piper Jaffray maintained MercadoLibre, Inc. (NASDAQ:MELI) with “Buy” rating. On Thursday, March 15 the stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Hold” rating given by Stifel Nicolaus. The company rating was maintained by Stifel Nicolaus on Friday, February 23. On Wednesday, April 25 the stock has “Overweight” rating by Barclays Capital.

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

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