As Mercadolibre INC (MELI) Shares Rose, Shareholder Lone Pine Capital LLC Increased Stake by $163.42 Million

MercadoLibre, Inc. (NASDAQ:MELI) Corporate LogoBig Money Sentiment increased to 1.13 in 2018 Q2. It has change of 0.14, from 2018Q1’s 0.99. The ratio increased due to MELI positioning: 49 sold and 87 reduced. 47 funds amassed holdings and 106 increased holdings. Investors holded 36.77 million in 2018Q1 but now own 40.21 million shares or 9.37% more. Hilltop stated it has 1,150 shs. Balyasny Asset Mngmt Limited Liability Com has invested 0.08% in MercadoLibre, Inc. (NASDAQ:MELI). New York-based D E Shaw & has invested 0.01% in MercadoLibre, Inc. (NASDAQ:MELI). Newbrook Advsr Limited Partnership reported 139,125 shs stake. 15,509 were accumulated by Guggenheim Ltd Company. Tci Wealth Advsrs has 8 shs. Envestnet Asset Mngmt Incorporated stated it has 2,848 shs. 181,488 are held by Foxhaven Asset Management Limited Partnership. Legal & General Group Plc holds 0.03% in MercadoLibre, Inc. (NASDAQ:MELI) or 141,309 shs. Moreover, Maplelane Cap Ltd Co has 0% invested in MercadoLibre, Inc. (NASDAQ:MELI). Guardian Tru accumulated 295,514 shs. Natixis owns 846 shs or 0% of their US capital. 161,961 were accumulated by Nordea Ab. Zeke Advisors Ltd Liability Company reported 0.63% in MercadoLibre, Inc. (NASDAQ:MELI). Tiaa Cref Inv Llc has 0% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 824 shs.

MELI had 0 insider sales and 2 insider buys since May 22, 2018. This’s net activity of $15.44 million.

In Mercadolibre Inc (MELI) was upped the stake owned by Lone Pine Capital Llc. The reduction is 33.76% according to 2018Q2 Securities and Exchange filling. The company’s stock popped up 8.90% while Lone Pine Capital Llc bought 548,373 shares. The miscellaneous company reported $649.44 million value for the 2018Q2. Now the hedge fund is holding 2.17 million shares, compared to the 1.62M from the previous quarter. $14.72 billion is the market cap of Mercadolibre Inc. MELI is touching $325.69 during the last trading session, after decreased 1.74%.MercadoLibre, Inc. has volume of 427,954 shares. Since November 10, 2017 MELI has risen 8.98% and is uptrending. The stock underperformed the S&P 500 by 6.64%.

Lone Pine Capital Llc operates about $34.98 billion and $18.91 billion US Long portfolio. According to a filing the fund reduced its stake in Activision Blizzard Inc (NASDAQ:ATVI) by 298,316 shares to 14.26M shares, valued at $1.09B in 2018Q2. For a total of 424,704 shares it reduced its holding in Amazon Com Inc (NASDAQ:AMZN) by 153,092 shares in the quarter, and has cut its stake in Csx Corp (NYSE:CSX).

For more MercadoLibre, Inc. (NASDAQ:MELI) news brought out briefly go to: Fool.com, Seekingalpha.com, Seekingalpha.com, Globenewswire.com or Fool.com. The titles are as follows: “MercadoLibre Posts Another Loss” brought out on November 01, 2018, “Sizzling growth numbers again from MercadoLibre” on November 02, 2018, “MercadoLibre, Inc. 2018 Q3 – Results – Earnings Call Slides” with a publish date: November 02, 2018, “MercadoLibre, Inc. Reports Third Quarter 2018 Financial Results” and the last “Better Buy: MercadoLibre, Inc. vs. Amazon” with publication date: October 26, 2018.

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

In total 4 analysts cover MercadoLibre (NASDAQ:MELI). “Buy” rating has 4, “Sell” are 0, while 0 are “Hold”. (NASDAQ:MELI) has 100% bullish analysts. 10 are the (NASDAQ:MELI)’s ratings reports on 10 Nov 2018 according to StockzIntelligence Inc. On Thursday, August 9 the firm has “Hold” rating by Stifel Nicolaus given. On Wednesday, August 22 Stifel Nicolaus upgraded MercadoLibre, Inc. (NASDAQ:MELI) to “Buy” rating. On Monday, July 16 Credit Suisse maintained the shares of MELI in report with “Outperform” rating. On Friday, October 12 the firm has “Overweight” rating by Barclays Capital given. On Friday, November 2 the rating was maintained by Barclays Capital with “Overweight”. On Thursday, August 9 Credit Suisse maintained MercadoLibre, Inc. (NASDAQ:MELI) rating. Credit Suisse has “Outperform” rating and $420 target. On Thursday, August 9 the rating was maintained by Barclays Capital with “Overweight”. In Tuesday, June 26 report KeyBanc Capital Markets upgraded it to “Overweight” rating and $350 target. On Tuesday, October 23 Credit Suisse maintained the shares of MELI in report with “Outperform” rating. On Tuesday, July 17 the stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Overweight” rating by Barclays Capital.

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

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