Tortoise Capital Advisors Cut Its Western Gas Partners LP (WES) Holding by $6.64 Million; Mercadolibre (MELI) Shareholder Foxhaven Asset Management LP Has Cut Its Position by $14.08 Million

August 10, 2018 - By Jimmy Cauthen

MercadoLibre, Inc. (NASDAQ:MELI) Logo

Tortoise Capital Advisors Llc decreased its stake in Western Gas Partners Lp (WES) by 1.14% based on its latest 2018Q1 regulatory filing with the SEC. Tortoise Capital Advisors Llc sold 158,046 shares as the company’s stock rose 5.40% while stock markets declined. The hedge fund held 13.67M shares of the public utilities company at the end of 2018Q1, valued at $583.10M, down from 13.82 million at the end of the previous reported quarter. Tortoise Capital Advisors Llc who had been investing in Western Gas Partners Lp for a number of months, seems to be less bullish one the $8.14 billion market cap company. The stock increased 2.20% or $1.13 during the last trading session, reaching $52.43. About 1.47M shares traded or 202.17% up from the average. Western Gas Partners, LP (NYSE:WES) has declined 9.71% since August 10, 2017 and is downtrending. It has underperformed by 22.28% the S&P500. Some Historical WES News: 13/05/2018 – Western Gas Names New Chief Operating Officer; 01/05/2018 – Western Gas Partners 1Q EPS 38c; 03/05/2018 – Enterprise, Western Gas Partners, and DCP Midstream Seek to Expand the Front Range Pipeline; 19/04/2018 – DJ Western Gas Partners LP, Inst Holders, 1Q 2018 (WES); 03/05/2018 – DCP MIDSTREAM – ENTERPRISE PRODUCTS PARTNERS, WESTERN GAS PARTNERS, CO, ANNOUNCED BINDING OPEN SEASON FOR ADDITIONAL CAPACITY ON FRONT RANGE PIPELINE; 03/05/2018 – Enterprise, Enbridge, Western Gas Partners and DCP Midstream Conduct Open Season for Texas Express Expansion; 13/05/2018 – WESTERN GAS NAMES GENNIFER F. KELLY AS NEW COO; 15/03/2018 Financial Review: #BREAKING: @Wesfarmers to spin off @Coles into separate ASX company.$WES #ausbiz; 03/05/2018 – DCP MIDSTREAM LP – ENTERPRISE WILL BE RESPONSIBLE FOR CONSTRUCTING EXPANSION, WHICH WILL CONSIST OF ADDING PUMPING CAPACITY ALONG 583-MILE ROUTE; 01/05/2018 – WESTERN GAS PARTNERS 1Q ADJ EBITDA $272.1M, EST. $274.4M

Foxhaven Asset Management Lp 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 held 181,488 shares of the miscellaneous company at the end of 2018Q1, valued at $64.68 million, 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 $16.97 billion market cap company. The stock increased 11.60% or $39.96 during the last trading session, reaching $384.39. About 2.06 million shares traded or 133.11% up from the average. MercadoLibre, Inc. (NASDAQ:MELI) has risen 7.62% since August 10, 2017 and is uptrending. It has underperformed by 4.95% the S&P500. Some Historical MELI News: 07/03/2018 MercadoLibre Conference Call Set By Aliya Capital for Mar. 8; 08/03/2018 – MERCADOLIBRE SAYS ON MARCH 7, CO ENTERED PRIVATELY NEGOTIATED CAPPED CALL TRANSACTIONS WITH SEVERAL FINANCIAL INSTITUTIONS – SEC FILING; 09/05/2018 – MercadoLibre 1Q Loss/Shr 29c; 11/04/2018 – MERCADOLIBRE TO PARTNER FOR DISTRIBUTION CENTER IN ARGENTINA; 09/05/2018 – Amazon Looms as MercadoLibre Reports Results Amid Shipping Hike; 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; 13/04/2018 – Detailed Research: Economic Perspectives on ICON, Melco Resorts & Entertainment, Kornit Digital, MercadoLibre, Logitech Interna; 15/05/2018 – MercadoLibre Presenting at JPMorgan Conference Tomorrow

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 7 have Buy rating, 2 Sell and 6 Hold. Therefore 47% are positive. MercadoLibre had 53 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, August 9 with “Hold”. On Monday, February 5 the stock rating was maintained by Cowen & Co with “Hold”. Credit Suisse maintained MercadoLibre, Inc. (NASDAQ:MELI) rating on Monday, July 16. Credit Suisse has “Outperform” rating and $425 target. Bank of America upgraded MercadoLibre, Inc. (NASDAQ:MELI) on Monday, January 30 to “Buy” rating. Credit Suisse maintained MercadoLibre, Inc. (NASDAQ:MELI) on Friday, February 23 with “Outperform” rating. On Wednesday, April 25 the stock rating was maintained by Barclays Capital with “Overweight”. JP Morgan upgraded the shares of MELI in report on Wednesday, February 28 to “Overweight” rating. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, July 17 report. Credit Suisse maintained it with “Outperform” rating and $380 target in Friday, November 3 report. JP Morgan upgraded the stock to “Overweight” rating in Friday, September 2 report.

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

More notable recent MercadoLibre, Inc. (NASDAQ:MELI) news were published by: Globenewswire.com which released: “MercadoLibre, Inc. Reports Second Quarter 2018 Financial Results” on August 08, 2018, also Fool.com with their article: “Weighing MercadoLibre’s Vast Payments Opportunity” published on July 17, 2018, Fool.com published: “MercadoLibre (MELI) Q2 2018 Earnings Conference Call Transcript” on August 09, 2018. More interesting news about MercadoLibre, Inc. (NASDAQ:MELI) were released by: Globenewswire.com and their article: “MercadoLibre, Inc. to Report Second Quarter 2018 Financial Results” published on August 02, 2018 as well as Benzinga.com‘s news article titled: “10 Biggest Price Target Changes For Thursday” with publication date: August 09, 2018.

Investors sentiment increased to 0.99 in 2018 Q1. Its up 0.06, from 0.93 in 2017Q4. It increased, 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. Koshinski Asset Management holds 0.09% or 780 shares. Oregon Employees Retirement Fund holds 0.03% or 6,139 shares in its portfolio. Dixon Hubard Feinour And Brown Inc Va holds 825 shares. Gradient Invests Lc stated it has 0% in MercadoLibre, Inc. (NASDAQ:MELI). Amp Capital Limited holds 0.03% of its portfolio in MercadoLibre, Inc. (NASDAQ:MELI) for 14,617 shares. Bnp Paribas Asset Management Sa stated it has 0.02% in MercadoLibre, Inc. (NASDAQ:MELI). Pub Employees Retirement Association Of Colorado has invested 0.18% in MercadoLibre, Inc. (NASDAQ:MELI). 73,871 are owned by Motley Fool Wealth Mngmt Limited Liability Company. Envestnet Asset invested in 2,971 shares. Wespac Advsr Limited Com invested in 602 shares. 270 were accumulated by Navellier & Assoc Incorporated. Tiger Global Management Limited Liability Corp reported 795,665 shares. 2,517 were accumulated by Rhumbline Advisers. Livforsakringsbolaget Skandia Omsesidigt accumulated 800 shares. Brinker holds 3,584 shares.

Foxhaven Asset Management Lp, which manages about $761.64M and $1.49 billion US Long portfolio, upped its stake in Twilio Inc by 1.02 million shares to 2.12M shares, valued at $80.84M in 2018Q1, according to the filing. It also increased its holding in Workiva Inc by 278,330 shares in the quarter, for a total of 1.01M shares, and has risen its stake in Atlassian Corp Plc.

More notable recent Western Gas Partners, LP (NYSE:WES) news were published by: Seekingalpha.com which released: “Western Gas Partners, LP (WES) CEO Benjamin Fink on Q2 2018 Results – Earnings Call Transcript” on August 01, 2018, also Seekingalpha.com with their article: “Buy Idexx Laboratories – Cramer’s Lightning Round (7/31/18)” published on August 01, 2018, Seekingalpha.com published: “Western Gas Partners prices $750M of senior notes” on August 08, 2018. More interesting news about Western Gas Partners, LP (NYSE:WES) were released by: Bizjournals.com and their article: “LyondellBasell chairman to step down, successor named” published on July 24, 2018 as well as Globenewswire.com‘s news article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within FactSet Research, Toro, VSE, WellCare Health …” with publication date: August 02, 2018.

Among 19 analysts covering Western Gas Partners (NYSE:WES), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Western Gas Partners had 57 analyst reports since August 3, 2015 according to SRatingsIntel. As per Wednesday, March 7, the company rating was maintained by Barclays Capital. The firm has “Hold” rating given on Thursday, July 13 by Stifel Nicolaus. The firm has “Overweight” rating by Barclays Capital given on Monday, November 2. The company was maintained on Tuesday, June 12 by Barclays Capital. The firm earned “Buy” rating on Friday, July 31 by MLV. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 17. As per Thursday, January 28, the company rating was downgraded by Stifel Nicolaus. The stock of Western Gas Partners, LP (NYSE:WES) has “Neutral” rating given on Thursday, March 17 by Credit Suisse. The firm earned “Neutral” rating on Tuesday, March 27 by Bank of America. The firm earned “Neutral” rating on Tuesday, March 27 by Citigroup.

Tortoise Capital Advisors Llc, which manages about $15.07B and $14.24B US Long portfolio, upped its stake in Enbridge Inc (NYSE:ENB) by 463,889 shares to 5.47 million shares, valued at $172.01M in 2018Q1, according to the filing. It also increased its holding in Enlink Midstream Llc (NYSE:ENLC) by 153,446 shares in the quarter, for a total of 4.33 million shares, and has risen its stake in Enbridge Energy Management Llc (NYSE:EEQ).

Western Gas Partners, LP (NYSE:WES) Institutional Positions Chart

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