Stifel Nicolaus Lowers Mercadolibre (MELI) to Hold

Marco Green
March 19, 2018

L & S Advisors Inc bought 1,430 shares as the company's stock rose 37.36% with the market. Hedge funds and other institutional investors own 91.46% of the company's stock. The stock decreased 3.56% or $2.85 during the last trading session, reaching $77.15. About 871,072 shares traded.

Shares of Mercadolibre (MELI) opened at $407.88 on Thursday. It has outperformed by 90.12% the S&P500.

Jonathan Soros increased its stake in Visa Inc (V) by 166.67% based on its latest 2017Q3 regulatory filing with the SEC. Park Circle Co acquired 48,500 shares as General Electric Co (GE)'s stock declined 7.64%. Stifel Nicolaus lowered shares of Mercadolibre from a "buy" rating to a "hold" rating and lowered their target price for the company from $425.00 to $405.00 in a report on Thursday. The firm has "Buy" rating given on Tuesday, October 31 by KeyBanc Capital Markets. The stock decreased 2.10% or $7.95 during the last trading session, reaching $370.49. About 238,851 shares traded or 4.84% up from the average. Honeywell International Inc. (NYSE:HON) has risen 17.66% since March 16, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.21, from 1.37 in 2017Q2. The number of shares now owned by investors are 42.38 mln. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.55 by ($0.35). Midwest Mngmt Ltd Liability Company holds 0.2% or 10,125 shares. 526,917 were reported by Proshare Advsrs. Huntington Bank reported 361,780 shares. Lincoln Cap Limited Liability Com holds 0.14% or 9,121 shares. Telemus Capital Ltd Liability Corp holds 0.13% or 32,986 shares. (NYSE:KBR) or 296,619 shares. Sterling Cap Limited Liability Company invested in 733,606 shares. Atria Invs Limited Com holds 1,672 shares. 5,816 were reported by Summit Asset Mngmt Ltd Llc. Wafra Investment Advisory Grp Ny has invested 0.07% in Visa Inc. Stonebridge Mgmt holds 3,350 shares or 0.18% of its portfolio. (NASDAQ:MELI). Carmignac Gestion holds 2.43 million shares. Quantbot Technology Ltd Partnership stated it has 20,356 shares. (NYSE:MHO) is performing -8.43%. Therefore 85% are positive. Honeywell International Inc. had 93 analyst reports since July 30, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with "Buy" rating in Wednesday, April 12 report. On Thursday, December 28 the stock rating was maintained by Tigress Financial with "Hold". The firm has "Neutral" rating by JP Morgan given on Monday, March 14. The stock presently has an average rating of Buy and a consensus target price of $329.44. Moreover, Nikko Asset Mgmt Americas has 1.19% invested in MercadoLibre, Inc. The firm has "Buy" rating given on Thursday, November 17 by Bank of America. The rating was maintained by UBS with "Buy" on Tuesday, October 25. Sandler O'Neill maintained it with "Hold" rating and $128.0 target in Friday, February 2 report.

Among 11 analysts covering KBR Inc (NYSE:KBR), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 40% are positive. LendingTree had 43 analyst reports since August 4, 2015 according to SRatingsIntel. Needham maintained LendingTree, Inc. ValuEngine upgraded shares of Mercadolibre from a "hold" rating to a "buy" rating in a report on Thursday, March 1st. The company was maintained on Friday, February 24 by Mizuho. J.P. Morgan upgraded MercadoLibre, Inc. (NASDAQ:MELI) rating on Wednesday, February 28. On Thursday, June 2 the stock rating was initiated by Compass Point with "Buy". The count of Hold ratings in that period was 8. On Monday, October 23 the stock rating was downgraded by KeyBanc Capital Markets to "Sector Weight". The Motley Fool Wealth Management Llc holds 72,579 shares with $18.79M value, down from 74,019 last quarter.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.23, from 1.16 in 2017Q2. It fall, as 42 investors sold MercadoLibre, Inc. shares while 92 reduced holdings. 118 funds opened positions while 525 raised stakes. Voloridge Inv Llc has invested 0.14% in LendingTree, Inc. (NASDAQ:MELI). Fjarde Ap holds 12,268 shares. Parametrica Management Ltd has invested 0.29% in KBR, Inc. (NASDAQ:MELI). North Carolina-based Salem Counselors Incorporated has invested 0% in MercadoLibre, Inc. The analyst recommendations from a month ago are 5 Buy, 0 Overweight, 3 Sell, 7 Hold and 0 Underweight. Neuberger Berman Lc has 0.03% invested in MercadoLibre, Inc. Strategic Fincl invested in 243,655 shares or 0.97% of the stock. Utd Services Automobile Association accumulated 0.01% or 9,443 shares. Connor Clark And Lunn Investment Management has invested 0.03% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Brown Mgmt Ltd Liability Corporation holds 20,875 shares. Nationwide Fund invested in 0.06% or 58,400 shares. (NASDAQ:MELI). 15,793 are held by Pictet Asset Limited. Wcm Investment Management who had been investing in Mercadolibre Inc for a number of months, seems to be bullish on the $16.36 billion market cap company. (NASDAQ:MELI). American Interest Group reported 2,495 shares or 0% of all its holdings. (NASDAQ:MELI). Bnp Paribas Asset Management Sa invested 0.01% of its portfolio in MercadoLibre, Inc. Ent Fincl owns 14 shares or 0% of their USA portfolio.

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