Verition Fund Management LLC Sells 149,400 Shares of DLocal Limited (NASDAQ:DLO)

Verition Fund Management LLC decreased its position in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 79.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,680 shares of the company's stock after selling 149,400 shares during the quarter. Verition Fund Management LLC's holdings in DLocal were worth $301,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Quarry LP raised its position 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 acquiring an additional 3,599 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of DLocal in the 3rd quarter worth about $109,000. Ridgewood Investments LLC raised its position in shares of DLocal by 31.8% in the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company's stock worth $110,000 after acquiring an additional 3,293 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in DLocal in the 2nd quarter valued at about $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in DLocal by 24.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company's stock valued at $127,000 after buying an additional 3,101 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their target price on DLocal from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.61.

DLocal Trading Up 0.3 %

DLO stock traded up $0.04 during trading on Friday, reaching $11.73. The company had a trading volume of 844,985 shares, compared to its average volume of 1,579,704. DLocal Limited has a 52 week low of $6.57 and a 52 week high of $18.76. The company has a market cap of $3.47 billion, a P/E ratio of 29.33, a PEG ratio of 3.36 and a beta of 0.89. The business has a 50 day moving average of $9.89 and a 200 day moving average of $8.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

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

About DLocal

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.