Criterion Capital Management LLC Decreased Holding in Mercadolibre INC (MELI) by $53.14 Million

June 23, 2018 - By Adrian Erickson

MercadoLibre, Inc. (NASDAQ:MELI) LogoInvestors sentiment increased to 0.99 in Q1 2018. Its up 0.06, from 0.93 in 2017Q4. It improved, as 36 investors sold MELI shares while 117 reduced holdings. 51 funds opened positions while 100 raised stakes. 36.77 million shares or 0.15% more from 36.71 million shares in 2017Q4 were reported. Fisher Asset Mngmt Ltd stated it has 7,737 shares or 0% of all its holdings. New York State Common Retirement Fund has invested 0.01% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). The France-based Cap Fund Sa has invested 0.11% in MercadoLibre, Inc. (NASDAQ:MELI). Nikko Asset Americas has invested 2.11% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Hanson Mcclain invested 0% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Axa reported 34,139 shares. Zevenbergen Cap Investments Limited Liability Corporation invested in 356,328 shares. Mirae Asset Glob Invs reported 9,741 shares. 856,710 were accumulated by Waddell Reed Fincl Inc. B & T Mgmt Dba Alpha Mgmt holds 4,449 shares. Korea Investment Corporation invested in 6,834 shares. Motley Fool Asset Management Ltd Llc accumulated 41,937 shares. Credit Agricole S A invested in 1 shares. 27,649 were reported by Fil Limited. Uss Invest Mngmt holds 76,000 shares.

Since May 22, 2018, it had 2 buys, and 0 sales for $15.44 million activity.

Christopher Lord decreased its stake in Mercadolibre Inc (MELI) by 44.75% based on its latest 2018Q1 regulatory filing with the SEC. Criterion Capital Management Llc sold 149,276 shares as the company’s stock declined 19.83% with the market. The hedge fund run by Christopher Lord held 184,312 shares of the miscellaneous company at the end of 2018Q1, valued at $65.69M, down from 333,588 at the end of the previous reported quarter. Criterion Capital Management Llc who had been investing in Mercadolibre Inc for a number of months, seems to be less bullish one the $12.84B market cap company. The stock increased 1.21% or $3.49 during the last trading session, reaching $290.86. About 470,848 shares traded. MercadoLibre, Inc. (NASDAQ:MELI) has risen 7.62% since June 23, 2017 and is uptrending. It has underperformed by 4.95% the S&P500.

Criterion Capital Management Llc, which manages about $3.75B and $1.44B US Long portfolio, upped its stake in Commscope Hldg Co Inc (NASDAQ:COMM) by 1.06M shares to 1.75M shares, valued at $69.98 million in 2018Q1, according to the filing. It also increased its holding in Cree Inc (NASDAQ:CREE) by 412,010 shares in the quarter, for a total of 1.76 million shares, and has risen its stake in Zayo Group Hldgs Inc (NYSE:ZAYO).

Analysts await MercadoLibre, Inc. (NASDAQ:MELI) to report earnings on August, 2. They expect $-0.05 earnings per share, down 108.20 % or $0.66 from last year’s $0.61 per share. After $-0.29 actual earnings per share reported by MercadoLibre, Inc. for the previous quarter, Wall Street now forecasts -82.76 % EPS growth.

More notable recent MercadoLibre, Inc. (NASDAQ:MELI) news were published by: Seekingalpha.com which released: “Real problems for MELI and ARCO” on June 07, 2018, also Seekingalpha.com with their article: “MercadoLibre – Exposure To Latin America E-Commerce” published on May 29, 2018, Seekingalpha.com published: “MercadoLibre: It’s Only Getting Worse” on June 18, 2018. More interesting news about MercadoLibre, Inc. (NASDAQ:MELI) were released by: Streetinsider.com and their article: “MercadoLibre (MELI) on Watch Amid Amazon Headlines” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “iQiyi: 2 Reasons The Run Can Continue” with publication date: June 20, 2018.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

Among 10 analysts covering Mercadolibre (NASDAQ:MELI), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Mercadolibre has $500.0 highest and $335.0 lowest target. $406.33’s average target is 39.70% above currents $290.86 stock price. Mercadolibre had 14 analyst reports since January 4, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Monday, February 5 by Cowen & Co. As per Wednesday, January 24, the company rating was maintained by Susquehanna. Credit Suisse upgraded MercadoLibre, Inc. (NASDAQ:MELI) on Friday, April 20 to “Buy” rating. The stock has “Buy” rating by Bank of America on Wednesday, April 11. The company was upgraded on Wednesday, February 28 by JP Morgan. The firm earned “Buy” rating on Monday, January 8 by Credit Suisse. The rating was maintained by Piper Jaffray on Thursday, February 15 with “Buy”. Cowen & Co maintained it with “Hold” rating and $37300 target in Tuesday, April 17 report. The stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Buy” rating given on Friday, February 23 by Stifel Nicolaus. The firm has “Buy” rating by J.P. Morgan given on Wednesday, February 28.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.