Lone Pine Capital LLC Increased Its Stake in Mercadolibre INC (MELI)

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 is positive due to MELI positioning: 49 sold and 87 reduced. 47 funds took holdings and 106 increased holdings. Investors holded 36.77 million in 2018Q1 but now own 40.21 million shares or 9.37% more. First Personal Fincl reported 0% in MercadoLibre, Inc. (NASDAQ:MELI). Sumitomo Mitsui Asset Mngmt reported 2,623 shs. Regions Fin holds 0% of its capital in MercadoLibre, Inc. (NASDAQ:MELI) for 19 shs. North Star Invest Mgmt holds 0% or 30 shs. Point72 Asset Management Limited Partnership reported 44,820 shs. Lansdowne (Uk) Ltd Liability Partnership invested in 4,845 shs or 0.01% of the stock. Sandy Spring Bank holds 30 shs. Paloma Partners Management holds 0% or 800 shs in its capital. Brinker has invested 0.05% of its capital in MercadoLibre, Inc. (NASDAQ:MELI). Parallax Volatility Advisers Ltd Partnership reported 2,049 shs. Tradewinds Cap Limited Liability Company accumulated 5 shs. Illinois-based Archford Cap Strategies Ltd Llc has invested 0% in MercadoLibre, Inc. (NASDAQ:MELI). Guggenheim Cap Limited Liability Corporation holds 0.03% of its capital in MercadoLibre, Inc. (NASDAQ:MELI) for 15,509 shs. Baillie Gifford & holds 5.18M shs. 107,928 are held by Pointstate Cap L P.

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

Lone Pine Capital Llc’s holdings in Mercadolibre Inc (MELI) is upped by 33.76% based on its latest 2018Q2 regulatory filing with the SEC. 548,373 shares were bought by Lone Pine Capital Llc as the company’s stock rose 8.90% with the market. The miscellaneous company announced $649.44M value for the 2018Q2. Now the hedge fund is holding 2.17M shares, compared to the 1.62 million from the previous quarter. $14.72 billion is the MC of Mercadolibre Inc. Ticker’s shares touched $325.69 during the last trading session after 1.74% change.Currently MercadoLibre, Inc. is uptrending after 8.98% change in last November 10, 2017. MELI has also 427,954 shares volume. The stock underperformed the S&P500 by 6.64%.

Lone Pine Capital Llc decreased its stake in Electronic Arts Inc (NASDAQ:EA) by 820,596 shares to 6.32 million shares, valued at $890.88 million in 2018Q2, according to the filing. It operates about $34.98B and $18.91 billion US Long portfolio. Lone Pine Capital Llc has cut its stake in Adobe Sys Inc (NASDAQ:ADBE) and also reduced its holding in Paypal Hldgs Inc by 4.34M shares in the quarter, for a total of 6.32 million shares.

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

MercadoLibre, Inc. (NASDAQ:MELI) Ratings Coverage

Total analysts of 4 have positions in MercadoLibre (NASDAQ:MELI) as follows: 4 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since June 26, 2018 according to StockzIntelligence Inc MercadoLibre has 10 analyst reports. On Thursday, August 9 the rating was maintained by Credit Suisse with “Outperform”. On Friday, October 12 Barclays Capital maintained the shares of MELI in report with “Overweight” rating. On Tuesday, June 26 the firm earned “Overweight” rating by KeyBanc Capital Markets. On Friday, November 2 Barclays Capital maintained the shares of MELI in report with “Overweight” rating. On Monday, July 16 the firm has “Outperform” rating by Credit Suisse given. On Tuesday, October 23 the firm has “Outperform” rating by Credit Suisse given. On Tuesday, July 17 the firm earned “Overweight” rating by Barclays Capital. On Thursday, August 9 the firm earned “Hold” rating by Stifel Nicolaus. On Thursday, August 9 the stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Overweight” rating by Barclays Capital. The stock rating was upgraded by Stifel Nicolaus to “Buy” on Wednesday, August 22.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.