As Mercadolibre INC (MELI) Market Valuation Rose, Carmignac Gestion Trimmed Stake

April 22, 2018 - By Stephen Andrade

MercadoLibre, Inc. (NASDAQ:MELI) LogoInvestors sentiment decreased to 0.93 in 2017 Q4. Its down 0.23, from 1.16 in 2017Q3. It fall, as 39 investors sold MELI shares while 114 reduced holdings. 56 funds opened positions while 87 raised stakes. 36.71 million shares or 2.73% more from 35.73 million shares in 2017Q3 were reported. Neuberger Berman Grp Limited Liability Company holds 84,724 shares or 0.03% of its portfolio. 135 were reported by Cubist Systematic Strategies Ltd Com. B & T Mngmt Dba Alpha Mngmt owns 3,956 shares for 0.59% of their portfolio. Captrust Financial invested 0% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). 2,503 were accumulated by Natixis. Guardian Co accumulated 1.32% or 295,740 shares. Spark Investment Management Limited Liability Corp holds 0.29% or 17,200 shares in its portfolio. Andra Ap accumulated 2,000 shares or 0.01% of the stock. 12,900 are owned by Gulf Bankshares (Uk) Ltd. Quantbot Technologies LP holds 0.09% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI) for 3,005 shares. Hbk Investments Lp has 0% invested in MercadoLibre, Inc. (NASDAQ:MELI). Parallax Volatility Advisers Lp, a California-based fund reported 30 shares. 400 were reported by Pacad Investment. Teacher Retirement Sys Of Texas has 0.02% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 11,278 shares. Hudson Bay Cap Ltd Partnership reported 0.03% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI).

Carmignac Gestion decreased its stake in Mercadolibre Inc (MELI) by 5.18% based on its latest 2017Q4 regulatory filing with the SEC. Carmignac Gestion sold 125,644 shares as the company’s stock rose 11.87% while stock markets declined. The institutional investor held 2.30 million shares of the miscellaneous company at the end of 2017Q4, valued at $723.90 million, down from 2.43 million at the end of the previous reported quarter. Carmignac Gestion who had been investing in Mercadolibre Inc for a number of months, seems to be less bullish one the $14.33 billion market cap company. The stock decreased 1.67% or $5.51 during the last trading session, reaching $324.49. About 717,096 shares traded. MercadoLibre, Inc. (NASDAQ:MELI) has risen 66.47% since April 22, 2017 and is uptrending. It has outperformed by 54.92% the S&P500.

Carmignac Gestion, which manages about $15.05 billion US Long portfolio, upped its stake in Halliburton Co (NYSE:HAL) by 75,000 shares to 575,000 shares, valued at $28.10 million in 2017Q4, according to the filing. It also increased its holding in Taiwan Semiconductor (NYSE:TSM) by 99,300 shares in the quarter, for a total of 3.49 million shares, and has risen its stake in Noble Energy Inc (NYSE:NBL).

Analysts await MercadoLibre, Inc. (NASDAQ:MELI) to report earnings on May, 3 after the close. They expect $0.43 EPS, down 60.91 % or $0.67 from last year’s $1.1 per share. MELI’s profit will be $18.99M for 188.66 P/E if the $0.43 EPS becomes a reality. After $0.20 actual EPS reported by MercadoLibre, Inc. for the previous quarter, Wall Street now forecasts 115.00 % EPS growth.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

Among 12 analysts covering MercadoLibre (NASDAQ:MELI), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. MercadoLibre had 17 analyst reports since October 23, 2017 according to SRatingsIntel. The stock has “Sell” rating by Citigroup on Wednesday, December 20. The firm earned “Buy” rating on Thursday, February 15 by Piper Jaffray. Credit Suisse maintained MercadoLibre, Inc. (NASDAQ:MELI) rating on Friday, November 3. Credit Suisse has “Outperform” rating and $380 target. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, February 23. The firm has “Buy” rating given on Monday, January 8 by Credit Suisse. The stock has “Buy” rating by J.P. Morgan on Wednesday, February 28. Cowen & Co maintained the stock with “Hold” rating in Tuesday, April 17 report. The stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Hold” rating by Susquehanna on Wednesday, January 24. The rating was maintained by Bank of America on Wednesday, April 11 with “Buy”. The stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Hold” rating by Stifel Nicolaus on Thursday, March 15.

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

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