Mercadolibre Inc (NASDAQ:MELI): Positive Stock Sentiment

July 18, 2017 - By Vivian Currie

 Mercadolibre Inc (NASDAQ:MELI): Positive Stock Sentiment

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 improved, as 170 institutional investors opened new or increased equity positions, while 86 reduced and sold their holdings in Mercadolibre Inc. The institutional investors in our partner’s database now hold: 37.49 million shares, up from 30.13 million shares in 2016Q3. Also, the number of institutional investors holding Mercadolibre Inc in their top 10 equity positions 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 buys, and 1 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. The rating was upgraded by HSBC on Wednesday, March 2 to “Hold”. The stock of Mercadolibre Inc (NASDAQ:MELI) earned “Sell” rating by Citigroup on Monday, September 28. The stock of Mercadolibre Inc (NASDAQ:MELI) has “Neutral” rating given on Tuesday, May 16 by JP Morgan. JP Morgan maintained Mercadolibre Inc (NASDAQ:MELI) rating on Monday, May 16. JP Morgan has “Neutral” rating and $133 target. The stock has “Market Perform” rating by Cowen & Co on Monday, April 25. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, October 6. The stock of Mercadolibre Inc (NASDAQ:MELI) has “Buy” rating given on Wednesday, December 7 by Goldman Sachs. The firm earned “Overweight” rating on Friday, September 2 by JP Morgan. The stock has “Buy” rating by Bank of America on Monday, January 30. The rating was upgraded by Citigroup to “Buy” on Monday, June 19.

More important recent Mercadolibre Inc (NASDAQ:MELI) news were published by: Nytimes.com which released: “Mercadolibre to Debut Lending, Logistics Services in Brazil” on July 11, 2017, also Nasdaq.com published article titled: “MercadoLibre, Inc. (MELI) Ex-Dividend Date Scheduled for June 28, 2017”, Fool.com published: “7 Reasons to Buy Mercadolibre Inc Stock and Never Sell” on June 29, 2017. More interesting news about Mercadolibre Inc (NASDAQ:MELI) was released by: Gurufocus.com and their article: “Ardevora Asset Management LLP Buys MercadoLibre Inc, Quest Diagnostics Inc …” with publication date: July 17, 2017.

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