Zevenbergen Capital Investments Trimmed Its Position in Mercadolibre (MELI) as Stock Price Rose; Alibaba Group Holding LTD (BABA) Holding Has Raised by Altimeter Capital Management Lp

February 22, 2018 - By Lawrence Diaz

Zevenbergen Capital Investments Llc decreased its stake in Mercadolibre Inc. (MELI) by 1.57% based on its latest 2017Q3 regulatory filing with the SEC. Zevenbergen Capital Investments Llc sold 6,293 shares as the company’s stock rose 37.36% with the market. The institutional investor held 395,244 shares of the miscellaneous company at the end of 2017Q3, valued at $102.34 million, down from 401,537 at the end of the previous reported quarter. Zevenbergen Capital Investments Llc who had been investing in Mercadolibre Inc. for a number of months, seems to be less bullish one the $16.38B market cap company. The stock decreased 0.63% or $2.35 during the last trading session, reaching $370.99. About 419,169 shares traded. Mercadolibre, Inc. (NASDAQ:MELI) has risen 106.82% since February 22, 2017 and is uptrending. It has outperformed by 90.12% the S&P500.

Brad Gerstner increased its stake in Alibaba Group Holding Ltd (BABA) by 24.08% based on its latest 2017Q3 regulatory filing with the SEC. Altimeter Capital Management Lp bought 6,200 shares as the company’s stock rose 22.58% with the market. The hedge fund run by Brad Gerstner held 31,950 shares of the business services company at the end of 2017Q3, valued at $5.52 million, up from 25,750 at the end of the previous reported quarter. Altimeter Capital Management Lp who had been investing in Alibaba Group Holding Ltd for a number of months, seems to be bullish on the $484.47 billion market cap company. The stock decreased 0.00% or $0.01 during the last trading session, reaching $188.82. About 9.50 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 22, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 38 analysts covering Alibaba (NYSE:BABA), 36 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 168 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, June 8 with “Buy”. Deutsche Bank maintained it with “Buy” rating and $115 target in Friday, August 12 report. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, February 2 report. Robert W. Baird maintained the shares of BABA in report on Monday, November 13 with “Buy” rating. The stock has “Buy” rating by Bank of America on Sunday, June 11. Deutsche Bank maintained it with “Buy” rating and $91 target in Thursday, March 24 report. As per Monday, November 13, the company rating was maintained by Wells Fargo. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Thursday, August 17 by Suntrust Robinson. RBC Capital Markets maintained the shares of BABA in report on Thursday, November 2 with “Buy” rating. The firm earned “Buy” rating on Thursday, June 22 by Robert W. Baird.

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.21, from 1.37 in 2017Q2. It turned negative, 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. Nationwide Fund Advsr owns 0.06% invested in Mercadolibre, Inc. (NASDAQ:MELI) for 58,400 shares. Wellington Management Group Ltd Liability Partnership holds 53,453 shares. Hitchwood Cap Mgmt LP owns 250,000 shares or 2.77% of their US portfolio. Morgan Stanley has invested 0.08% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI). Neuberger Berman Grp Inc Ltd Co owns 82,553 shares. Capital Fund accumulated 12,965 shares or 0.02% of the stock. Vanguard Gru holds 188,728 shares. Capital Guardian holds 144,406 shares or 0.65% of its portfolio. Epoch Inv Prtnrs Inc reported 14,658 shares stake. Macquarie Gp Ltd stated it has 0% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI). Retail Bank Of Montreal Can reported 0.01% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI). Invesco reported 0.04% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI). Rathbone Brothers Public Limited Company holds 855 shares. Whale Rock Mngmt Ltd has invested 2.5% in Mercadolibre, Inc. (NASDAQ:MELI). 240,356 were accumulated by Wcm Investment Mngmt Ca.

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. MercadoLibre had 38 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Mercadolibre, Inc. (NASDAQ:MELI) has “Hold” rating given on Wednesday, August 9 by J.P. Morgan. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Monday, October 23. Citigroup downgraded the stock to “Sell” rating in Wednesday, December 20 report. Morgan Stanley reinitiated the shares of MELI in report on Friday, October 28 with “Underweight” rating. As per Monday, December 5, the company rating was downgraded by Susquehanna. The rating was maintained by KeyBanc Capital Markets on Tuesday, September 5 with “Buy”. As per Wednesday, July 19, the company rating was maintained by Barclays Capital. The company was upgraded on Wednesday, March 2 by HSBC. Credit Suisse maintained Mercadolibre, Inc. (NASDAQ:MELI) on Monday, January 8 with “Buy” rating. The firm earned “Neutral” rating on Monday, March 14 by JP Morgan.

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