Nuveen Maryland Quality Municipal Income Fund (NMY) Is At $12.47 Formed Wedge; Mercadolibre, Inc. (MELI) Had 5 Bulls

January 13, 2018 - By Martha Paddon

Among 15 analysts covering MercadoLibre (NASDAQ:MELI), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. MercadoLibre had 35 analyst reports since August 6, 2015 according to SRatingsIntel. Morgan Stanley reinitiated Mercadolibre, Inc. (NASDAQ:MELI) on Friday, October 28 with “Underweight” rating. The stock of Mercadolibre, Inc. (NASDAQ:MELI) has “Buy” rating given on Friday, August 25 by Stifel Nicolaus. The stock of Mercadolibre, Inc. (NASDAQ:MELI) has “Buy” rating given on Monday, January 30 by Bank of America. The stock of Mercadolibre, Inc. (NASDAQ:MELI) has “Overweight” rating given on Friday, August 5 by Piper Jaffray. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, September 5. JP Morgan maintained it with “Neutral” rating and $133 target in Monday, May 16 report. Goldman Sachs upgraded the shares of MELI in report on Wednesday, December 7 to “Buy” rating. J.P. Morgan maintained the stock with “Hold” rating in Wednesday, August 9 report. JP Morgan maintained it with “Neutral” rating and $121 target in Monday, March 14 report. The rating was downgraded by JP Morgan on Tuesday, May 16 to “Neutral”. 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

Nuveen Maryland Quality Municipal Income Fund (NMY) formed wedge down with $11.47 target or 8.00% below today’s $12.47 share price. Nuveen Maryland Quality Municipal Income Fund (NMY) has $291.48 million valuation. The stock decreased 0.32% or $0.04 during the last trading session, reaching $12.47. About 50,771 shares traded or 23.76% up from the average. Nuveen Maryland Quality Municipal Income Fund (NYSE:NMY) has declined 4.38% since January 13, 2017 and is downtrending. It has underperformed by 21.08% the S&P500.

Investors sentiment decreased to 1.4 in 2017 Q3. Its down 0.73, from 2.13 in 2017Q2. It dived, as 1 investors sold Nuveen Maryland Quality Municipal Income Fund shares while 9 reduced holdings. 6 funds opened positions while 8 raised stakes. 2.03 million shares or 1.81% less from 2.07 million shares in 2017Q2 were reported. Raymond James And Assoc stated it has 57,933 shares or 0% of all its holdings. Wolverine Asset Mgmt holds 34,232 shares. Benjamin F Edwards And holds 0% or 740 shares in its portfolio. Raymond James Financial Ser Advsr Inc holds 24,521 shares. Fiera stated it has 89,391 shares or 0.01% of all its holdings. Manufacturers Life Insurance The reported 2,219 shares. Janney Montgomery Scott Ltd Co invested in 0.01% or 45,817 shares. Fragasso Group Incorporated invested in 64,182 shares or 0.23% of the stock. 8,401 were accumulated by Pnc Services Group. Commonwealth Equity Service Incorporated holds 0% or 32,093 shares. Rmb Capital Mgmt Ltd Liability Corporation stated it has 0.01% in Nuveen Maryland Quality Municipal Income Fund (NYSE:NMY). Tortoise Invest Mgmt Ltd Liability Com invested in 174,644 shares. Ingalls And Snyder Ltd Liability Com reported 11,000 shares. Hightower Ltd Llc stated it has 0.01% of its portfolio in Nuveen Maryland Quality Municipal Income Fund (NYSE:NMY). Naples Glob Advsrs Ltd Liability reported 12,975 shares stake.

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.21, from 1.37 in 2017Q2. It dropped, 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. Axa accumulated 0.02% or 18,770 shares. Cookson Peirce Incorporated invested in 0.49% or 18,320 shares. X Mgmt Co Limited Liability Com reported 0.91% stake. Moreover, United Svcs Automobile Association has 0.01% invested in Mercadolibre, Inc. (NASDAQ:MELI). The Switzerland-based Credit Suisse Ag has invested 0.01% in Mercadolibre, Inc. (NASDAQ:MELI). Advisory Svcs Ntwk Limited Co has invested 0% in Mercadolibre, Inc. (NASDAQ:MELI). Cibc Markets Corporation holds 0.01% or 3,289 shares. Timber Hill Limited invested 0.02% in Mercadolibre, Inc. (NASDAQ:MELI). Pennsylvania-based Stevens Management Lp has invested 0.04% in Mercadolibre, Inc. (NASDAQ:MELI). Aviva Public Limited Company has 25,490 shares for 0.04% of their portfolio. Nomura Asset reported 11,211 shares. Moreover, Parametrica Mngmt has 0.11% invested in Mercadolibre, Inc. (NASDAQ:MELI) for 1,030 shares. Nordea Investment Mgmt has invested 0.13% in Mercadolibre, Inc. (NASDAQ:MELI). Jgp Global Gestao De Recursos Ltda reported 9.41% in Mercadolibre, Inc. (NASDAQ:MELI). Cornerstone Advsr Inc stated it has 0.03% in Mercadolibre, Inc. (NASDAQ:MELI).

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.

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 13, 2017 and is uptrending. It has outperformed by 90.12% the S&P500.