Mercadolibre INC (MELI) Holder Glynn Capital Management LLC Lowered Stake as Share Value Rose

February 24, 2018 - By Nellie Frank

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.21, from 1.37 in 2017Q2. It dropped, as 42 investors sold MELI shares while 92 reduced holdings. 46 funds opened positions while 109 raised stakes. 35.73 million shares or 0.12% less from 35.78 million shares in 2017Q2 were reported. Gateway Invest Advisers Limited Liability Co accumulated 7,067 shares. Sigma Inv Counselors has 1,500 shares for 0.06% of their portfolio. Tiaa Cref Investment Mngmt Ltd Co reported 7,101 shares or 0% of all its holdings. Natl Ins Tx has invested 0.08% in Mercadolibre, Inc. (NASDAQ:MELI). Quantitative Mgmt Ltd Liability, Virginia-based fund reported 3,400 shares. Hanseatic Svcs Incorporated reported 32 shares. Hap Trading Ltd Liability Co reported 30,812 shares or 0.38% of all its holdings. Gideon holds 0.64% or 2,514 shares. Asset Management Inc invested 0% in Mercadolibre, Inc. (NASDAQ:MELI). Perigon Wealth Management Llc holds 0.08% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI) for 908 shares. State Of Wisconsin Investment Board, Wisconsin-based fund reported 29,953 shares. Reliance Trust Com Of Delaware holds 841 shares. The Minnesota-based Thrivent For Lutherans has invested 0% in Mercadolibre, Inc. (NASDAQ:MELI). Tower Rech Capital Ltd Liability Com (Trc) owns 188 shares for 0% of their portfolio. Navellier And Assoc owns 262 shares.

Glynn Capital Management Llc decreased its stake in Mercadolibre Inc. (MELI) by 43.42% based on its latest 2017Q3 regulatory filing with the SEC. Glynn Capital Management Llc sold 29,730 shares as the company’s stock rose 37.36% with the market. The hedge fund held 38,743 shares of the miscellaneous company at the end of 2017Q3, valued at $10.03 million, down from 68,473 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Mercadolibre Inc. for a number of months, seems to be less bullish one the $17.10 billion market cap company. The stock increased 4.81% or $17.76 during the last trading session, reaching $387.26. About 1.94 million shares traded or 188.57% up from the average. Mercadolibre, Inc. (NASDAQ:MELI) has risen 106.82% since February 24, 2017 and is uptrending. It has outperformed by 90.12% the S&P500.

Glynn Capital Management Llc, which manages about $659.77M and $398.38 million US Long portfolio, upped its stake in Proofpoint (NASDAQ:PFPT) by 47,548 shares to 138,665 shares, valued at $12.09M in 2017Q3, according to the filing.

More notable recent Mercadolibre, Inc. (NASDAQ:MELI) news were published by: Fool.com which released: “Why MercadoLibre, Inc. Stock Popped 23% in January” on February 12, 2018, also Seekingalpha.com with their article: “A Buyers’ Guide To Mercadolibre” published on February 20, 2018, Globenewswire.com published: “MercadoLibre, Inc. Reports Fourth Quarter and Full Year 2017 Financial Results” on February 22, 2018. More interesting news about Mercadolibre, Inc. (NASDAQ:MELI) were released by: Globenewswire.com and their article: “MercadoLibre, Inc. to Report Fourth Quarter 2017 Financial Results” published on February 15, 2018 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: MercadoLibre, Inc., 66.7% Follow-Through Indicator …” with publication date: February 22, 2018.

Mercadolibre, Inc. (NASDAQ:MELI) Ratings Coverage

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. MercadoLibre had 40 analyst reports since August 6, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Buy” rating in Tuesday, September 5 report. The firm has “Underweight” rating given on Friday, October 28 by Morgan Stanley. The stock has “Overweight” rating by Barclays Capital on Friday, August 4. Credit Suisse maintained the stock with “Buy” rating in Monday, January 8 report. The firm earned “Overweight” rating on Wednesday, July 19 by Barclays Capital. The company was downgraded on Monday, September 28 by Citigroup. The stock of Mercadolibre, Inc. (NASDAQ:MELI) has “Overweight” rating given on Monday, October 30 by Barclays Capital. The stock of Mercadolibre, Inc. (NASDAQ:MELI) earned “Hold” rating by Susquehanna on Wednesday, January 24. The rating was maintained by JP Morgan on Monday, March 14 with “Neutral”. The stock of Mercadolibre, Inc. (NASDAQ:MELI) earned “Buy” rating by Stifel Nicolaus on Friday, February 23.

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