Mercadolibre Inc (NASDAQ:MELI): Stock Institutional Investors Are Happy About

July 18, 2017 - By Marie Mckinney

 Mercadolibre Inc (NASDAQ:MELI): Stock Institutional Investors  Are Happy About

Sentiment for Mercadolibre Inc (NASDAQ:MELI)

Mercadolibre Inc (NASDAQ:MELI) institutional sentiment increased to 1.98 in Q4 2016. Its up 0.72, from 1.26 in 2016Q3. The ratio has increased, as 170 investment managers opened new or increased holdings, while 86 cut down and sold their holdings in Mercadolibre Inc. The investment managers in our partner’s database now possess: 37.49 million shares, up from 30.13 million shares in 2016Q3. Also, the number of investment managers holding Mercadolibre Inc in their top 10 holdings decreased from 9 to 6 for a decrease of 3. Sold All: 41 Reduced: 45 Increased: 94 New Position: 76.

MercadoLibre, Inc. is an e-commerce company. The company has market cap of $12.28 billion. The Firm enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. It has a 78.85 P/E ratio. The Company’s geographic divisions are Brazil, Argentina, Mexico Venezuela and Other Countries .

The stock increased 0.93% or $2.54 during the last trading session, reaching $276.12. About shares traded. Mercadolibre Inc (NASDAQ:MELI) has risen 106.82% since July 18, 2016 and is uptrending. It has outperformed by 90.12% the S&P500.

Dynamo Internacional Gestao De Recursos Ltda. holds 6.24% of its portfolio in Mercadolibre Inc for 298,793 shares. Fox Point Capital Management Llc owns 10,000 shares or 5.75% of their US portfolio. Moreover, Glynn Capital Management Llc has 4.21% invested in the company for 79,093 shares. The Washington-based Zevenbergen Capital Investments Llc has invested 3.66% in the stock. Carmignac Gestion, a France-based fund reported 2.38 million shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $422,000 activity.

Mercadolibre Inc (NASDAQ:MELI) Ratings Coverage

Ratings analysis reveals 42% of MercadoLibre’s analysts are positive. Out of 12 Wall Street analysts rating MercadoLibre, 5 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $120 while the high is $30000. The stock’s average target of $211.43 is -23.43% below today’s ($276.12) share price. MELI was included in 22 notes of analysts from August 6, 2015. Piper Jaffray maintained it with “Overweight” rating and $185 target in Friday, August 5 report. As per Thursday, July 13, the company rating was maintained by Piper Jaffray. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, August 9. Goldman Sachs upgraded the shares of MELI in report on Wednesday, December 7 to “Buy” rating. Susquehanna downgraded the shares of MELI in report on Monday, December 5 to “Neutral” rating. Stifel Nicolaus maintained it with “Hold” rating and $180 target in Thursday, October 6 report. JP Morgan upgraded Mercadolibre Inc (NASDAQ:MELI) on Friday, September 2 to “Overweight” rating. The stock of Mercadolibre Inc (NASDAQ:MELI) has “Neutral” rating given on Tuesday, June 13 by Goldman Sachs. The company was reinitiated on Friday, October 28 by Morgan Stanley. The firm earned “Sell” rating on Monday, September 28 by Citigroup.

More important recent Mercadolibre Inc (NASDAQ:MELI) news were published by: Nasdaq.com which released: “MercadoLibre, Inc. (MELI) Ex-Dividend Date Scheduled for June 28, 2017” on June 27, 2017, also Nytimes.com published article titled: “Mercadolibre to Debut Lending, Logistics Services in Brazil”, Gurufocus.com published: “Ardevora Asset Management LLP Buys MercadoLibre Inc, Quest Diagnostics Inc …” on July 17, 2017. More interesting news about Mercadolibre Inc (NASDAQ:MELI) was released by: Fool.com and their article: “7 Reasons to Buy Mercadolibre Inc Stock and Never Sell” with publication date: June 29, 2017.

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