As Cvs Health (CVS) Shares Declined, Holder Penobscot Investment Management Company Has Lifted Its Stake; Foxhaven Asset Management LP Lowered Its Mercadolibre (MELI) Holding by $14.08 Million

June 20, 2018 - By Kurt Siggers

MercadoLibre, Inc. (NASDAQ:MELI) Logo

Michael Pausic decreased its stake in Mercadolibre Inc (MELI) by 17.9% based on its latest 2018Q1 regulatory filing with the SEC. Foxhaven Asset Management Lp sold 39,558 shares as the company’s stock declined 19.83% with the market. The hedge fund run by Michael Pausic held 181,488 shares of the miscellaneous company at the end of 2018Q1, valued at $64.68M, down from 221,046 at the end of the previous reported quarter. Foxhaven Asset Management Lp 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 increased 0.23% or $0.68 during the last trading session, reaching $295.26. About 610,717 shares traded. MercadoLibre, Inc. (NASDAQ:MELI) has risen 7.62% since June 20, 2017 and is uptrending. It has underperformed by 4.95% the S&P500. Some Historical MELI News: 22/03/2018 – MERCADOLIBRE INC MELI.O : MORGAN STANLEY RESUMES WITH UNDERWEIGHT; TARGET PRICE $330; 15/05/2018 – MercadoLibre Presenting at JPMorgan Conference Tomorrow; 09/05/2018 – MELI RESULTS CAME BELOW EXPECTATIONS ON UNPLANNED COSTS IN BZ; 09/05/2018 – MERCADOLIBRE 1Q NET LOSS 29C; 09/05/2018 – MercadoLibre 1Q Loss/Shr 29c; 04/05/2018 – Mackenzie Emerging Markets Adds MercadoLibre, Cuts Samsung; 15/05/2018 – Tiger Global Adds MercadoLibre, Exits Comcast: 13F; 09/05/2018 – MERCADOLIBRE INC – QTRLY SHR LOSS $0.29

Penobscot Investment Management Company Inc increased its stake in Cvs Health Corp (CVS) by 23.39% based on its latest 2018Q1 regulatory filing with the SEC. Penobscot Investment Management Company Inc bought 12,960 shares as the company’s stock declined 3.22% with the market. The institutional investor held 68,370 shares of the medical and nursing services company at the end of 2018Q1, valued at $4.25M, up from 55,410 at the end of the previous reported quarter. Penobscot Investment Management Company Inc who had been investing in Cvs Health Corp for a number of months, seems to be bullish on the $71.95B market cap company. The stock increased 4.47% or $3.03 during the last trading session, reaching $70.77. About 11.02 million shares traded or 26.44% up from the average. CVS Health Corporation (NYSE:CVS) has declined 13.06% since June 20, 2017 and is downtrending. It has underperformed by 25.63% the S&P500. Some Historical CVS News: 06/03/2018 – CVS STILL MAY BE CUT BY MOODY’S ON DEBT FOR AETNA DEAL; 29/03/2018 – @JimCramer’s lightning round: CVS’ management is no good at telling their story; 28/03/2018 – GOTTLIEB SAYS TRUMP “VERY WELL INFORMED” ABOUT FDA ACTIONS; 07/05/2018 – Fred’s to Sell EntrustRx to CVS — Deal Digest; 14/03/2018 – CVS and Walgreens hope that by helping people pick up their prescriptions, they can boost the rates of people taking their drugs, improve patient outcomes and ultimately lower costs; 18/04/2018 – Phoenix VA Health Care System, TriWest and CVS Health Mark First Anniversary of Program that Expands Veterans’ Access to Health; 13/03/2018 – AETNA HOLDERS OVERWHELMINGLY APPROVE PROPOSED PURCHASE BY CVS H; 18/04/2018 – Phoenix VA Health Care System, TriWest and CVS Health Mark First Anniversary of Program that Expands Veterans’ Access to Health Care; 22/03/2018 – Moody’s Affirms Three and Upgrades One Class of GMAC 1999-C2; 17/04/2018 – AETNA – GIVEN PENDING DEAL WITH CVS HEALTH, CO WILL NOT HOST CONF CALL IN CONJUNCTION WITH EARNINGS RELEASE & DOES NOT EXPECT TO DO SO FOR FUTURE QTRS

Since May 22, 2018, it had 2 insider buys, and 0 insider sales for $15.44 million activity.

Analysts await MercadoLibre, Inc. (NASDAQ:MELI) to report earnings on August, 2. They expect $-0.05 earnings per share, down 108.20% or $0.66 from last year’s $0.61 per share. After $-0.29 actual earnings per share reported by MercadoLibre, Inc. for the previous quarter, Wall Street now forecasts -82.76% EPS growth.

Foxhaven Asset Management Lp, which manages about $761.64 million and $1.49 billion US Long portfolio, upped its stake in Alphabet Inc by 16,138 shares to 256,651 shares, valued at $264.81M in 2018Q1, according to the filing. It also increased its holding in Atlassian Corp Plc by 333,494 shares in the quarter, for a total of 2.16M shares, and has risen its stake in Liberty Global Plc (NASDAQ:LBTYK).

More notable recent MercadoLibre, Inc. (NASDAQ:MELI) news were published by: Streetinsider.com which released: “MercadoLibre (MELI) on Watch Amid Amazon Headlines” on June 14, 2018, also Fool.com with their article: “Why MercadoLibre, REV Group, and ArcelorMittal Slumped Today” published on June 07, 2018, Seekingalpha.com published: “iQiyi: 2 Reasons The Run Can Continue” on June 20, 2018. More interesting news about MercadoLibre, Inc. (NASDAQ:MELI) were released by: Seekingalpha.com and their article: “Real problems for MELI and ARCO” published on June 07, 2018 as well as Seekingalpha.com‘s news article titled: “MercadoLibre’s Recent Financials Mask Operational Growth” with publication date: May 24, 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. On Tuesday, June 13 the stock rating was downgraded by Goldman Sachs to “Neutral”. The stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Buy” rating given on Wednesday, December 7 by Goldman Sachs. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, August 9. The firm has “Underweight” rating by Morgan Stanley given on Friday, October 28. Cowen & Co initiated MercadoLibre, Inc. (NASDAQ:MELI) rating on Monday, April 25. Cowen & Co has “Market Perform” rating and $120 target. JP Morgan maintained it with “Neutral” rating and $121 target in Monday, March 14 report. Citigroup downgraded it to “Sell” rating and $230.0 target in Wednesday, December 20 report. The stock of MercadoLibre, Inc. (NASDAQ:MELI) has “Hold” rating given on Thursday, October 6 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of MELI in report on Friday, August 4 with “Hold” rating. The rating was maintained by Cowen & Co with “Hold” on Monday, February 5.

Investors sentiment increased to 0.99 in 2018 Q1. Its up 0.06, from 0.93 in 2017Q4. It is positive, as 36 investors sold MELI shares while 117 reduced holdings. 51 funds opened positions while 100 raised stakes. 36.77 million shares or 0.15% more from 36.71 million shares in 2017Q4 were reported. Bailard holds 0.3% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI) for 13,000 shares. Moreover, Sumitomo Mitsui Tru has 0.13% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 286,731 shares. Gateway Invest Advisers Ltd Liability owns 7,739 shares or 0.02% of their US portfolio. Manufacturers Life Insur The reported 387 shares. Regal Invest Advisors Llc reported 785 shares. Reilly Financial Advisors Ltd Liability Corporation holds 0% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI) for 31 shares. Third Point Ltd Liability Com owns 100,000 shares for 0.27% of their portfolio. Whittier owns 0% invested in MercadoLibre, Inc. (NASDAQ:MELI) for 42 shares. Verition Fund Mngmt Lc reported 0.03% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Neuberger Berman Group Ltd Llc stated it has 0.03% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI). Koshinski Asset Incorporated holds 780 shares. Fil Limited holds 0.03% or 27,649 shares. Brown Cap Limited Liability Company owns 20,449 shares or 0.08% of their US portfolio. Sandy Spring Retail Bank holds 0% in MercadoLibre, Inc. (NASDAQ:MELI) or 30 shares. Barclays Public Ltd Com owns 133,768 shares or 0.04% of their US portfolio.

More notable recent CVS Health Corporation (NYSE:CVS) news were published by: Seekingalpha.com which released: “CVS And Aetna Are Changing The Healthcare Paradigm” on June 18, 2018, also Prnewswire.com with their article: “CVS Health Recognized as One of The 50 Most Community-Minded Companies by Points of Light for Second …” published on June 19, 2018, 247Wallst.com published: “6 Most Important Things In Business Today” on June 20, 2018. More interesting news about CVS Health Corporation (NYSE:CVS) were released by: Streetinsider.com and their article: “AMA Comes Out Against CVS Health (CVS)/Aetna (AET) Merger” published on June 19, 2018 as well as 247Wallst.com‘s news article titled: “Tuesday’s Biggest Winners and Losers in the S&P 500” with publication date: June 19, 2018.

Among 26 analysts covering CVS Health (NYSE:CVS), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. CVS Health had 77 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, August 28 by Oppenheimer. The firm has “Overweight” rating by Morgan Stanley given on Friday, January 5. As per Monday, August 24, the company rating was upgraded by Vetr. The company was maintained on Monday, September 25 by Robert W. Baird. The stock has “Buy” rating by Leerink Swann on Monday, January 8. Robert W. Baird initiated the stock with “Outperform” rating in Friday, January 22 report. Goldman Sachs downgraded the stock to “Neutral” rating in Thursday, December 17 report. The rating was downgraded by Jefferies on Monday, December 12 to “Hold”. The company was maintained on Monday, November 2 by S&P Research. Needham upgraded CVS Health Corporation (NYSE:CVS) on Friday, November 10 to “Buy” rating.

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

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