Motley Fool Asset Management LLC Increases Stake in Mercadolibre INC (MELI)

March 22, 2018 - By sdfsdfsdf

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.21, from 1.37 in 2017Q2. It is negative, as 42 investors sold MELI shares while 92 reduced holdings. 46 funds opened positions while 109 raised stakes. 35.73 million shares or 0.12% less from 35.78 million shares in 2017Q2 were reported. 9,045 were reported by Guardian Capital L P. State Of Alaska Department Of Revenue has 0.02% invested in MercadoLibre, Inc. (NASDAQ:MELI). Cornerstone Inc owns 156 shares for 0.03% of their portfolio. Ameriprise Fincl reported 1.03M shares. Calamos Limited Liability Company invested in 0.02% or 8,710 shares. British Columbia Investment Corporation invested in 0.03% or 16,680 shares. Great West Life Assurance Comm Can has 0.01% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 22,217 shares. Virginia Retirement Sys Et Al holds 0% in MercadoLibre, Inc. (NASDAQ:MELI) or 1,100 shares. Hitchwood Capital Mngmt Lp has invested 2.77% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Blair William & Il holds 7,515 shares or 0.01% of its portfolio. Goldman Sachs Gp Incorporated invested in 0.03% or 479,705 shares. 177 are held by Glenmede Trust Na. St Johns Invest Mgmt Co Ltd Liability invested in 0.01% or 78 shares. Asset One Limited reported 0.05% stake. Jgp Gestao De Recursos Ltda reported 35,400 shares.

Motley Fool Asset Management Llc increased its stake in Mercadolibre Inc (MELI) by 61.69% based on its latest 2017Q3 regulatory filing with the SEC. Motley Fool Asset Management Llc bought 16,000 shares as the company’s stock rose 37.36% with the market. The institutional investor held 41,937 shares of the miscellaneous company at the end of 2017Q3, valued at $10.86 million, up from 25,937 at the end of the previous reported quarter. Motley Fool Asset Management Llc who had been investing in Mercadolibre Inc for a number of months, seems to be bullish on the $15.48B market cap company. The stock decreased 3.11% or $11.25 during the last trading session, reaching $350.6. About 679,773 shares traded or 5.34% up from the average. MercadoLibre, Inc. (NASDAQ:MELI) has risen 106.82% since March 22, 2017 and is uptrending. It has outperformed by 90.12% the S&P500.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. MercadoLibre had 43 analyst reports since August 6, 2015 according to SRatingsIntel. JP Morgan upgraded MercadoLibre, Inc. (NASDAQ:MELI) on Friday, September 2 to “Overweight” rating. The firm earned “Overweight” rating on Wednesday, February 28 by JP Morgan. The rating was maintained by Piper Jaffray with “Buy” on Thursday, February 15. The firm has “Market Perform” rating given on Monday, April 25 by Cowen & Co. Barclays Capital maintained MercadoLibre, Inc. (NASDAQ:MELI) on Friday, August 4 with “Overweight” rating. The firm has “Buy” rating by Credit Suisse given on Monday, January 8. Piper Jaffray maintained the stock with “Buy” rating in Thursday, July 13 report. Piper Jaffray maintained the shares of MELI in report on Friday, August 5 with “Overweight” rating. Credit Suisse maintained the stock with “Outperform” rating in Friday, November 3 report. J.P. Morgan maintained the stock with “Hold” rating in Wednesday, August 9 report.

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