Marietta Investment Partners Has Cut Its Mercadolibre (MELI) Holding by $1.27 Million; Stock Rose; Zacks Investment Management Increased Holding in American Express Co (AXP) as Valuation Declined

May 19, 2018 - By Peter Erickson

American Express Company (NYSE:AXP) Logo

Zacks Investment Management increased its stake in American Express Co (AXP) by 69.06% based on its latest 2017Q4 regulatory filing with the SEC. Zacks Investment Management bought 59,599 shares as the company’s stock declined 7.41% with the market. The institutional investor held 145,902 shares of the consumer services company at the end of 2017Q4, valued at $14.49M, up from 86,303 at the end of the previous reported quarter. Zacks Investment Management who had been investing in American Express Co for a number of months, seems to be bullish on the $86.89B market cap company. The stock decreased 0.23% or $0.23 during the last trading session, reaching $100.99. About 2.93M shares traded. American Express Company (NYSE:AXP) has risen 17.81% since May 19, 2017 and is uptrending. It has outperformed by 6.26% the S&P500.

Marietta Investment Partners Llc decreased its stake in Mercadolibre Inc (MELI) by 79.92% based on its latest 2017Q4 regulatory filing with the SEC. Marietta Investment Partners Llc sold 4,060 shares as the company’s stock rose 11.87% while stock markets declined. The institutional investor held 1,020 shares of the miscellaneous company at the end of 2017Q4, valued at $321,000, down from 5,080 at the end of the previous reported quarter. Marietta Investment Partners Llc who had been investing in Mercadolibre Inc for a number of months, seems to be less bullish one the $13.04 billion market cap company. The stock decreased 1.16% or $3.48 during the last trading session, reaching $295.37. About 553,373 shares traded. MercadoLibre, Inc. (NASDAQ:MELI) has risen 66.47% since May 19, 2017 and is uptrending. It has outperformed by 54.92% the S&P500.

Zacks Investment Management, which manages about $3.45 billion and $4.59B US Long portfolio, decreased its stake in Align Technology Inc (NASDAQ:ALGN) by 1,480 shares to 8,967 shares, valued at $1.99M in 2017Q4, according to the filing. It also reduced its holding in One Gas Inc (NYSE:OGS) by 8,559 shares in the quarter, leaving it with 26,802 shares, and cut its stake in Alphabet Inc.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.06, from 0.83 in 2017Q3. It is positive, as 42 investors sold AXP shares while 442 reduced holdings. 122 funds opened positions while 311 raised stakes. 701.90 million shares or 1.01% less from 709.03 million shares in 2017Q3 were reported. State Common Retirement Fund holds 1.97M shares or 0.24% of its portfolio. Buckhead Cap Ltd Liability invested in 92,197 shares. Evermay Wealth Mgmt Ltd Co stated it has 4,737 shares. Toth Advisory Corporation stated it has 2,223 shares. Moreover, Cambridge Investment Advsrs Incorporated has 0.04% invested in American Express Company (NYSE:AXP). Grantham Mayo Van Otterloo Ltd invested in 3.04 million shares or 1.78% of the stock. Cibc Ww Mkts accumulated 55,210 shares. Central owns 2.39% invested in American Express Company (NYSE:AXP) for 150,000 shares. Kcm Advsrs Ltd Llc holds 0.1% or 17,688 shares in its portfolio. Birinyi Inc reported 6,474 shares stake. Epoch Inv Prtn stated it has 0.02% of its portfolio in American Express Company (NYSE:AXP). Pitcairn reported 6,998 shares. Bp Public Limited Co stated it has 90,000 shares. Schroder Inv Mgmt reported 0.34% stake. Cambiar Ltd Liability holds 453,140 shares or 0.7% of its portfolio.

Among 38 analysts covering American Express Company (NYSE:AXP), 13 have Buy rating, 3 Sell and 22 Hold. Therefore 34% are positive. American Express Company had 123 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, July 20, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating given on Tuesday, April 11 by Wood. The stock has “Buy” rating by Sandler O’Neill on Thursday, March 15. The firm has “Neutral” rating given on Thursday, April 19 by Buckingham Research. The firm has “Outperform” rating by Oppenheimer given on Tuesday, January 10. The firm has “Buy” rating by Nomura given on Monday, February 12. The stock of American Express Company (NYSE:AXP) has “Hold” rating given on Wednesday, January 10 by Jefferies. The firm has “Underperform” rating given on Thursday, April 21 by Macquarie Research. Goldman Sachs maintained it with “Neutral” rating and $67 target in Tuesday, June 7 report. The rating was maintained by Bernstein with “Buy” on Thursday, April 19.

More important recent American Express Company (NYSE:AXP) news were published by: Livetradingnews.com which released: “American Express Company (NYSE:AXP) Heffx Technical Review” on April 30, 2018, also Seekingalpha.com published article titled: “Supreme Court okays sports gambling, but will credit cards allow it?”, Seekingalpha.com published: “How Far Could American Express Fall?” on May 02, 2018. More interesting news about American Express Company (NYSE:AXP) was released by: Fool.com and their article: “Why This Analyst Likes PayPal and American Express” with publication date: May 18, 2018.

Since December 11, 2017, it had 0 insider buys, and 9 insider sales for $37.90 million activity. CHENAULT KENNETH I also sold $9.38M worth of American Express Company (NYSE:AXP) shares. Shares for $4.32M were sold by O’Neill Michael John. $5.07 million worth of American Express Company (NYSE:AXP) was sold by Cox L Kevin on Thursday, April 19. Shares for $8.79 million were sold by Buckminster Douglas E. on Monday, December 11. 12,500 shares valued at $1.23M were sold by Squeri Stephen J on Tuesday, May 1. $882,406 worth of American Express Company (NYSE:AXP) was sold by CAMPBELL JEFFREY C.

Analysts await MercadoLibre, Inc. (NASDAQ:MELI) to report earnings on August, 2. They expect $0.11 earnings per share, down 81.97% or $0.50 from last year’s $0.61 per share. MELI’s profit will be $4.86 million for 671.30 P/E if the $0.11 EPS becomes a reality. After $-0.29 actual earnings per share reported by MercadoLibre, Inc. for the previous quarter, Wall Street now forecasts -137.93% EPS growth.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.23, from 1.16 in 2017Q3. It dived, as 39 investors sold MELI shares while 114 reduced holdings. 56 funds opened positions while 87 raised stakes. 36.71 million shares or 2.73% more from 35.73 million shares in 2017Q3 were reported. The France-based Natixis has invested 0.01% in MercadoLibre, Inc. (NASDAQ:MELI). Moreover, Pictet Asset Management has 0.01% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 15,585 shares. Haverford Ser holds 0.14% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI) for 1,196 shares. Financial Bank Of Mellon stated it has 0% in MercadoLibre, Inc. (NASDAQ:MELI). Salem Counselors Inc reported 53 shares or 0% of all its holdings. Paloma Mngmt Com holds 0.03% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI) for 7,236 shares. 2,456 were reported by Dekabank Deutsche Girozentrale. Moreover, Credit Suisse Ag has 0.02% invested in MercadoLibre, Inc. (NASDAQ:MELI). Mitsubishi Ufj Bk holds 0.05% or 82,978 shares in its portfolio. Strs Ohio has invested 0% in MercadoLibre, Inc. (NASDAQ:MELI). 138,876 are owned by Commonwealth Of Pennsylvania School Empls Retrmt System. Envestnet Asset Mgmt invested 0% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Flossbach Von Storch Ag accumulated 1,500 shares. Reliance Tru Com Of Delaware owns 865 shares. 342,022 were reported by Dynamo Internacional Gestao De Recursos Ltda.

Marietta Investment Partners Llc, which manages about $392.24M and $351.71 million US Long portfolio, upped its stake in Caterpillar Inc (NYSE:CAT) by 26,129 shares to 62,908 shares, valued at $9.91M in 2017Q4, according to the filing. It also increased its holding in Total Sa (NYSE:TOT) by 5,500 shares in the quarter, for a total of 15,775 shares, and has risen its stake in Illinois Tool Works (NYSE:ITW).

More notable recent MercadoLibre, Inc. (NASDAQ:MELI) news were published by: Fool.com which released: “The 3 Stocks on the MFM Team’s Radar” on May 17, 2018, also Seekingalpha.com with their article: “MercadoLibre, Inc. 2018 Q1 – Results – Earnings Call Slides” published on May 10, 2018, Globenewswire.com published: “MercadoLibre, Inc. Reports First Quarter Financial Results” on May 09, 2018. More interesting news about MercadoLibre, Inc. (NASDAQ:MELI) were released by: Nasdaq.com and their article: “MercadoLibre Executives Talk Accounting Regs, Merchant Loans, and Profits” published on May 16, 2018 as well as Streetinsider.com‘s news article titled: “Tiger Global’s 13F Shows New Stake in Twitter (TWTR), Mercado (MELI), Increases Stake in Amazon (AMZN) (more…)” with publication date: May 15, 2018.

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 6 have Buy rating, 2 Sell and 7 Hold. Therefore 40% are positive. MercadoLibre had 47 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup upgraded MercadoLibre, Inc. (NASDAQ:MELI) on Monday, June 19 to “Buy” rating. Stifel Nicolaus maintained MercadoLibre, Inc. (NASDAQ:MELI) rating on Thursday, October 6. Stifel Nicolaus has “Hold” rating and $180 target. The stock of MercadoLibre, Inc. (NASDAQ:MELI) earned “Overweight” rating by Barclays Capital on Wednesday, April 25. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, February 23 report. The firm earned “Overweight” rating on Monday, October 30 by Barclays Capital. Morgan Stanley reinitiated MercadoLibre, Inc. (NASDAQ:MELI) on Friday, October 28 with “Underweight” rating. Stifel Nicolaus downgraded the shares of MELI in report on Thursday, March 15 to “Hold” rating. The rating was upgraded by JP Morgan to “Overweight” on Friday, September 2. The firm has “Overweight” rating by JP Morgan given on Wednesday, February 28. Citigroup downgraded the stock to “Sell” rating in Monday, September 28 report.

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

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