DLocal Limited (NASDAQ:DLO) Shares Sold by Fourth Sail Capital LP

Fourth Sail Capital LP lessened its holdings in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,187,598 shares of the company's stock after selling 584,334 shares during the period. DLocal makes up about 4.0% of Fourth Sail Capital LP's portfolio, making the stock its 13th biggest holding. Fourth Sail Capital LP owned about 0.40% of DLocal worth $13,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management grew its position in DLocal by 265,600.0% during the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company's stock worth $30,000 after purchasing an additional 2,656 shares during the last quarter. R Squared Ltd purchased a new stake in shares of DLocal during the fourth quarter valued at $82,000. International Assets Investment Management LLC purchased a new stake in shares of DLocal during the third quarter valued at $109,000. Aigen Investment Management LP acquired a new position in shares of DLocal in the 3rd quarter valued at $152,000. Finally, SBI Securities Co. Ltd. purchased a new position in DLocal in the 4th quarter worth $233,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

Analysts Set New Price Targets

DLO has been the subject of a number of research reports. Morgan Stanley reaffirmed an "equal weight" rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a report on Friday. Susquehanna lifted their price objective on shares of DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. Barclays decreased their target price on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, The Goldman Sachs Group increased their price target on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.94.

DLocal Price Performance

Shares of DLocal stock traded up $0.21 on Monday, hitting $9.77. The company's stock had a trading volume of 2,285,329 shares, compared to its average volume of 1,334,250. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The firm has a fifty day moving average price of $12.24 and a 200-day moving average price of $10.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $18.27.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $204.49 million during the quarter, compared to analysts' expectations of $204.98 million. As a group, sell-side analysts anticipate that DLocal Limited will post 0.47 earnings per share 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.