DLocal Limited (NASDAQ:DLO) Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC cut its holdings in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 36.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 627,360 shares of the company's stock after selling 359,923 shares during the quarter. Polen Capital Management LLC owned 0.21% of DLocal worth $7,064,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management raised 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 buying an additional 2,656 shares during the last quarter. R Squared Ltd purchased a new position in DLocal during the 4th quarter worth approximately $82,000. Aigen Investment Management LP purchased a new position in DLocal during the 3rd quarter worth approximately $152,000. SBI Securities Co. Ltd. purchased a new position in DLocal during the 4th quarter worth approximately $233,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in DLocal during the 4th quarter worth approximately $300,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Stock Performance

DLocal stock remained flat at $9.36 during trading on Thursday. 560,453 shares of the company were exchanged, compared to its average volume of 1,588,545. The company has a fifty day moving average of $11.64 and a 200-day moving average of $10.45. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $16.79. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

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DLocal (NASDAQ:DLO - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company had revenue of $204.49 million for the quarter, compared to analysts' expectations of $204.98 million. Analysts anticipate that DLocal Limited will post 0.47 EPS for the current year.

Wall Street Analyst Weigh In

DLO has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of DLocal from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Barclays cut their target price on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $10.00 target price (down from $11.00) on shares of DLocal in a report on Friday, February 28th. The Goldman Sachs Group lifted their target price on shares of DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Susquehanna lifted their target price on shares of DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.94.

DLocal 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.