Mercadolibre INC (MELI) Shareholder Criterion Capital Management LLC Upped Its Holding by $19.57 Million

April 23, 2018 - By Maria Brooks

MercadoLibre, Inc. (NASDAQ:MELI) LogoInvestors sentiment decreased to 0.93 in 2017 Q4. Its down 0.23, from 1.16 in 2017Q3. It dived, 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. Gru One Trading Ltd Partnership owns 84 shares or 0% of their US portfolio. Asset Mgmt One Communication owns 0.16% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 232,915 shares. B And T Mngmt Dba Alpha Mngmt holds 0.59% in MercadoLibre, Inc. (NASDAQ:MELI) or 3,956 shares. Carmignac Gestion has invested 4.81% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Oregon Pub Employees Retirement Fund reported 0.06% stake. Assetmark owns 0% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 105 shares. Ontario – Canada-based 1832 Asset LP has invested 0.12% in MercadoLibre, Inc. (NASDAQ:MELI). Jefferies Gru Ltd Limited Liability Company, New York-based fund reported 907 shares. Quantitative Invest Mngmt Lc has invested 0.26% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Sands Cap Mngmt Ltd Com reported 0.28% stake. American National Insur Tx holds 0.09% or 5,775 shares in its portfolio. 75 are held by Gradient Lc. Moreover, Ameriprise has 0.11% invested in MercadoLibre, Inc. (NASDAQ:MELI). Commerzbank Aktiengesellschaft Fi invested in 0.01% or 1,675 shares. Susquehanna Group Inc Limited Liability Partnership reported 405,596 shares.

Christopher Lord increased its stake in Mercadolibre Inc (MELI) by 22.98% based on its latest 2017Q4 regulatory filing with the SEC. Criterion Capital Management Llc bought 62,328 shares as the company’s stock rose 11.87% while stock markets declined. The hedge fund run by Christopher Lord held 333,588 shares of the miscellaneous company at the end of 2017Q4, valued at $104.97 million, up from 271,260 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 bullish on the $14.59 billion market cap company. The stock increased 1.84% or $5.97 during the last trading session, reaching $330.46. About 525,456 shares traded. MercadoLibre, Inc. (NASDAQ:MELI) has risen 66.47% since April 23, 2017 and is uptrending. It has outperformed by 54.92% the S&P500.

Criterion Capital Management Llc, which manages about $3.75 billion and $1.66 billion US Long portfolio, decreased its stake in Servicenow Inc (NYSE:NOW) by 734,346 shares to 618,370 shares, valued at $80.63 million in 2017Q4, according to the filing. It also reduced its holding in Netflix Inc (NASDAQ:NFLX) by 228,034 shares in the quarter, leaving it with 408,379 shares, and cut its stake in Salesforce Com Inc (NYSE:CRM).

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

Among 11 analysts covering MercadoLibre (NASDAQ:MELI), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. MercadoLibre had 16 analyst reports since October 30, 2017 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Thursday, March 15. On Wednesday, December 20 the stock rating was downgraded by Citigroup to “Sell”. The firm earned “Hold” rating on Monday, February 5 by Cowen & Co. Stifel Nicolaus maintained MercadoLibre, Inc. (NASDAQ:MELI) on Friday, February 23 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Friday, November 3. The rating was maintained by Barclays Capital on Monday, October 30 with “Overweight”. The firm earned “Buy” rating on Wednesday, February 28 by J.P. Morgan. The rating was maintained by Piper Jaffray on Thursday, February 15 with “Buy”. The rating was maintained by Susquehanna with “Hold” on Wednesday, January 24. The firm earned “Overweight” rating on Wednesday, February 28 by JP Morgan.

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

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