Were Analysts Bullish MercadoLibre, Inc. (NASDAQ:MELI) This Week?

October 13, 2018 - By Nellie Frank

MercadoLibre, Inc. (NASDAQ:MELI) LogoInvestors sentiment increased to 1.13 in Q2 2018. Its up 0.14, from 0.99 in 2018Q1. It is positive, as 49 investors sold MercadoLibre, Inc. shares while 87 reduced holdings. 47 funds opened positions while 106 raised stakes. 40.21 million shares or 9.37% more from 36.77 million shares in 2018Q1 were reported.
Capital Research Glob holds 603,978 shares. Proshare Advsrs Ltd Llc owns 26,798 shares or 0.05% of their US portfolio. Blackrock has 1.59M shares for 0.02% of their portfolio. Employees Retirement Association Of Colorado reported 75,004 shares. Shelton Management holds 0.07% or 3,829 shares in its portfolio. Navellier & Assocs holds 0.01% or 270 shares in its portfolio. Westpac Bk Corp holds 0% or 30,509 shares. Baillie Gifford & reported 1.67% stake. Assetmark reported 0.02% stake. Peak6 Invests L P invested in 3,079 shares or 0% of the stock. Wcm Inv Management Ca, a California-based fund reported 303,271 shares. X Management Co invested in 0.65% or 121,431 shares. American holds 0% or 3,096 shares. 1,837 are owned by Td Asset Mgmt Inc. Zevin Asset Mgmt Ltd Company has invested 2.79% in MercadoLibre, Inc. (NASDAQ:MELI).

Since May 22, 2018, it had 2 insider purchases, and 0 selling transactions for $15.44 million activity.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

Among 5 analysts covering Mercadolibre (NASDAQ:MELI), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Mercadolibre had 11 analyst reports since April 17, 2018 according to SRatingsIntel. On Thursday, August 9 the stock rating was maintained by Barclays Capital with “Overweight”. As per Tuesday, April 17, the company rating was maintained by Cowen & Co. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 9. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 22. The stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Buy” rating by Credit Suisse on Friday, April 20. Barclays Capital maintained it with “Overweight” rating and $360 target in Friday, October 12 report. The rating was maintained by Credit Suisse with “Outperform” on Monday, July 16. The rating was maintained by Credit Suisse with “Outperform” on Thursday, August 9. The company was upgraded on Tuesday, June 26 by KeyBanc Capital Markets. Barclays Capital maintained MercadoLibre, Inc. (NASDAQ:MELI) on Wednesday, April 25 with “Overweight” rating. Below is a list of MercadoLibre, Inc. (NASDAQ:MELI) latest ratings and price target changes.

12/10/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $375 New Target: $360 Maintain
22/08/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Old Target: $380 Upgrade
09/08/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $365 New Target: $375 Maintain
09/08/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $425 New Target: $420 Maintain
09/08/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $360 New Target: $380 Maintain
17/07/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $350 New Target: $365 Maintain
16/07/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $380 New Target: $425 Maintain
26/06/2018 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Overweight New Target: $350 Upgrade
25/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $410 New Target: $380 Maintain
20/04/2018 Broker: Credit Suisse Rating: Buy New Target: $400.0000 Upgrade

The stock decreased 0.47% or $1.44 during the last trading session, reaching $303.42. About 1.31 million shares traded or 53.88% up from the average. MercadoLibre, Inc. (NASDAQ:MELI) has risen 8.98% since October 13, 2017 and is uptrending. It has underperformed by 6.64% the S&P500.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. The company has market cap of $13.40 billion. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction format. It currently has negative earnings. The companyÂ’s Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

Another recent and important MercadoLibre, Inc. (NASDAQ:MELI) news was published by Seekingalpha.com which published an article titled: “MercadoLibre -5% on Amazon logistics pilot report” on October 04, 2018.

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

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