Mercadolibre Inc (NASDAQ:MELI): Institutional Investor Sentiment Up to 1.37

November 7, 2017 - By Migdalia James

 Mercadolibre Inc (NASDAQ:MELI): Institutional Investor Sentiment Up to 1.37

Sentiment for Mercadolibre Inc (NASDAQ:MELI)

Mercadolibre Inc (NASDAQ:MELI) institutional sentiment increased to 1.37 in 2017 Q2. Its up 0.05, from 1.32 in 2017Q1. The ratio is positive, as 171 active investment managers opened new or increased positions, while 125 sold and reduced equity positions in Mercadolibre Inc. The active investment managers in our partner’s database reported: 35.78 million shares, down from 36.24 million shares in 2017Q1. Also, the number of active investment managers holding Mercadolibre Inc in their top 10 positions increased from 7 to 10 for an increase of 3. Sold All: 29 Reduced: 96 Increased: 95 New Position: 76.

MercadoLibre, Inc. is an e-commerce company. The company has market cap of $11.64 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 87.59 P/E ratio. The Company’s geographic divisions are Brazil, Argentina, Mexico Venezuela and Other Countries .

About 346,255 shares traded. Mercadolibre Inc (NASDAQ:MELI) has risen 106.82% since November 7, 2016 and is uptrending. It has outperformed by 90.12% the S&P500.

Dynamo Internacional Gestao De Recursos Ltda. holds 4.98% of its portfolio in Mercadolibre Inc for 138,396 shares. Carmignac Gestion owns 2.28 million shares or 4.64% of their US portfolio. Moreover, Zevenbergen Capital Investments Llc has 4.38% invested in the company for 401,537 shares. The California-based Light Street Capital Management Llc has invested 3.89% in the stock. Glynn Capital Management Llc, a California-based fund reported 68,473 shares.#img1#

Mercadolibre Inc (NASDAQ:MELI) Ratings Coverage

Ratings analysis reveals 43% of MercadoLibre’s analysts are positive. Out of 14 Wall Street analysts rating MercadoLibre, 6 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $120 while the high is $380. The stock’s average target of $240.50 is -8.74% below today’s ($263.53) share price. MELI was included in 32 notes of analysts from August 6, 2015. Cowen & Co initiated the shares of MELI in report on Monday, April 25 with “Market Perform” rating. On Monday, January 30 the stock rating was upgraded by Bank of America to “Buy”. The rating was upgraded by Stifel Nicolaus on Friday, August 25 to “Buy”. The firm earned “Sector Weight” rating on Monday, October 23 by KeyBanc Capital Markets. JP Morgan maintained the stock with “Neutral” rating in Monday, May 16 report. Barclays Capital maintained Mercadolibre Inc (NASDAQ:MELI) rating on Monday, October 30. Barclays Capital has “Overweight” rating and $250 target. Stifel Nicolaus maintained Mercadolibre Inc (NASDAQ:MELI) rating on Friday, August 4. Stifel Nicolaus has “Hold” rating and $27500 target. The stock of Mercadolibre Inc (NASDAQ:MELI) earned “Hold” rating by Stifel Nicolaus on Thursday, October 6. The firm has “Hold” rating by J.P. Morgan given on Wednesday, August 9. The stock of Mercadolibre Inc (NASDAQ:MELI) earned “Buy” rating by KeyBanc Capital Markets on Tuesday, September 5.

More notable recent Mercadolibre Inc (NASDAQ:MELI) news were published by: Nasdaq.com which released: “Mercadolibre Inc. Q3 Profit Declines 29%” on November 02, 2017, also Nasdaq.com with their article: “Earnings Reaction History: MercadoLibre, Inc., 62.5% Follow-Through Indicator …” published on November 02, 2017, Seekingalpha.com published: “MercadoLibre: Amazon Protection” on October 13, 2017. More interesting news about Mercadolibre Inc (NASDAQ:MELI) were released by: Fool.com and their article: “MercadoLibre, Inc. Shares Were Decked Following This Report — Here’s Why” published on October 12, 2017 as well as Fool.com‘s news article titled: “Why MercadoLibre Inc Stock Popped Today” with publication date: November 03, 2017.

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