Cohen Capital Management Has Lifted By $548,800 Its Buckeye Partners LP (BPL) Stake; Last Week Mercadolibre, Inc. (MELI) Coverage

January 16, 2018 - By Adrian Erickson

Cohen Capital Management Inc increased Buckeye Partners Lp (BPL) stake by 10.49% reported in 2017Q3 SEC filing. Cohen Capital Management Inc acquired 9,800 shares as Buckeye Partners Lp (BPL)’s stock declined 5.01%. The Cohen Capital Management Inc holds 103,184 shares with $5.88M value, up from 93,384 last quarter. Buckeye Partners Lp now has $4.63B valuation. The stock increased 1.03% or $0.55 during the last trading session, reaching $54.06. About 1.11 million shares traded or 36.05% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since January 16, 2017 and is downtrending. It has underperformed by 22.69% the S&P500.

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. MercadoLibre has $385.0 highest and $120 lowest target. $247.92’s average target is -27.61% below currents $342.47 stock price. MercadoLibre had 35 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, August 25, the company rating was upgraded by Stifel Nicolaus. The rating was downgraded by Citigroup to “Sell” on Monday, September 28. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, August 9. On Tuesday, May 16 the stock rating was downgraded by JP Morgan to “Neutral”. KeyBanc Capital Markets maintained it with “Buy” rating and $290.0 target in Tuesday, September 5 report. The rating was maintained by Piper Jaffray with “Overweight” on Friday, August 5. The stock of Mercadolibre, Inc. (NASDAQ:MELI) has “Buy” rating given on Monday, January 30 by Bank of America. HSBC upgraded the stock to “Hold” rating in Wednesday, March 2 report. The rating was maintained by Barclays Capital on Wednesday, July 19 with “Overweight”. On Monday, October 30 the stock rating was maintained by Barclays Capital with “Overweight”. See Mercadolibre, Inc. (NASDAQ:MELI) latest ratings:

08/01/2018 Broker: Credit Suisse Rating: Buy New Target: $385.0 Maintain
04/01/2018 Broker: Deutsche Bank Rating: Hold New Target: $335.0
20/12/2017 Broker: Citigroup Rating: Sell New Target: $230.0 Downgrade
03/11/2017 Broker: Credit Suisse Rating: Outperform Old Target: $350 New Target: $380 Maintain
30/10/2017 Broker: Barclays Capital Rating: Overweight Old Target: $275 New Target: $250 Maintain
23/10/2017 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Sector Weight Downgrade
13/10/2017 Broker: Susquehanna Rating: Hold New Target: $230.0
05/09/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $290.0 Maintain
25/08/2017 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Upgrade
09/08/2017 Broker: J.P. Morgan Rating: Hold New Target: $270.0000 Maintain

The stock increased 0.13% or $0.45 during the last trading session, reaching $342.47. About 305,334 shares traded. Mercadolibre, Inc. (NASDAQ:MELI) has risen 106.82% since January 16, 2017 and is uptrending. It has outperformed by 90.12% the S&P500.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. The company has market cap of $15.12 billion. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction format. It has a 113.82 P/E ratio. The companyÂ’s Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.21, from 1.37 in 2017Q2. It is negative, as 42 investors sold Mercadolibre, Inc. 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. 43,030 are held by Columbus Circle Invsts. Macquarie Grp Inc Ltd, Australia-based fund reported 4,481 shares. Sandy Spring Bancshares owns 60 shares or 0% of their US portfolio. Agf Invests has invested 0% in Mercadolibre, Inc. (NASDAQ:MELI). Deutsche Bancshares Ag invested in 141,985 shares or 0.03% of the stock. Parkside Bank & Tru invested 0% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI). Zevin Asset Management Ltd Limited Liability Company holds 2.78% or 45,720 shares in its portfolio. Aperio Grp Lc owns 2,570 shares. Clearbridge Ltd Company holds 422,430 shares or 0.11% of its portfolio. Prtnrs Limited Liability Corp stated it has 0.81% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI). Swiss National Bank has 0.05% invested in Mercadolibre, Inc. (NASDAQ:MELI). Mitsubishi Ufj Tru And invested 0.04% in Mercadolibre, Inc. (NASDAQ:MELI). First Mercantile Tru holds 0.24% of its portfolio in Mercadolibre, Inc. (NASDAQ:MELI) for 5,100 shares. Boston Private Wealth Ltd owns 4,267 shares or 0.04% of their US portfolio. Assetmark has invested 0% in Mercadolibre, Inc. (NASDAQ:MELI).

Among 15 analysts covering Buckeye Partners (NYSE:BPL), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Buckeye Partners has $86 highest and $42 lowest target. $65.29’s average target is 20.77% above currents $54.06 stock price. Buckeye Partners had 45 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, December 15 by Goldman Sachs. The firm earned “Buy” rating on Monday, December 14 by DA Davidson. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, July 30 report. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 26. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Hold” rating by RBC Capital Markets on Monday, August 7. The company was maintained on Monday, August 7 by Barclays Capital. The firm has “Buy” rating given on Monday, September 19 by Goldman Sachs. Stifel Nicolaus maintained Buckeye Partners, L.P. (NYSE:BPL) rating on Monday, November 6. Stifel Nicolaus has “Buy” rating and $63 target. On Wednesday, October 12 the stock rating was initiated by Credit Suisse with “Neutral”. The firm has “Hold” rating given on Sunday, November 5 by Mizuho.

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