Alkeon Capital Management LLC Has $6.59 Million Holdings in DLocal Limited (NASDAQ:DLO)

Alkeon Capital Management LLC lessened its holdings in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 81.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 823,837 shares of the company's stock after selling 3,722,124 shares during the quarter. Alkeon Capital Management LLC owned about 0.28% of DLocal worth $6,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC increased its stake in shares of DLocal by 6.7% during the third quarter. Empowered Funds LLC now owns 47,407 shares of the company's stock valued at $379,000 after acquiring an additional 2,989 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in DLocal by 24.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company's stock valued at $127,000 after purchasing an additional 3,101 shares in the last quarter. Ridgewood Investments LLC increased its position in shares of DLocal by 31.8% during the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company's stock valued at $110,000 after purchasing an additional 3,293 shares during the period. Quarry LP raised its stake in shares of DLocal by 1,124.7% in the 2nd quarter. Quarry LP now owns 3,919 shares of the company's stock worth $32,000 after buying an additional 3,599 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of DLocal by 5.3% in the third quarter. Penserra Capital Management LLC now owns 124,287 shares of the company's stock valued at $994,000 after buying an additional 6,220 shares during the period. Institutional investors own 90.13% of the company's stock.

Wall Street Analysts Forecast Growth

DLO has been the subject of several recent research reports. Bank of America increased their target price on shares of DLocal from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, August 15th. Barclays increased their price objective on DLocal from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Monday, November 18th. Finally, Susquehanna decreased their target price on DLocal from $21.00 to $14.00 and set a "positive" rating on the stock in a report on Thursday, August 15th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.61.

DLocal Stock Up 0.4 %

NASDAQ DLO traded up $0.04 on Friday, reaching $11.44. The stock had a trading volume of 782,834 shares, compared to its average volume of 1,607,676. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $18.76. The business has a 50 day moving average price of $9.21 and a 200 day moving average price of $8.63. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 3.29 and a beta of 0.74.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $185.80 million for the quarter, compared to analyst estimates of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. DLocal's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. On average, analysts forecast that DLocal Limited will post 0.47 EPS for the current fiscal year.

DLocal Company Profile

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.