Sylebra Capital LLC trimmed its position in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 47.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 880,283 shares of the company's stock after selling 796,529 shares during the quarter. DLocal makes up 0.2% of Sylebra Capital LLC's portfolio, making the stock its 27th biggest holding. Sylebra Capital LLC owned 0.30% of DLocal worth $7,042,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP raised its holdings in shares of DLocal by 180.8% in the third quarter. GSA Capital Partners LLP now owns 271,983 shares of the company's stock worth $2,176,000 after acquiring an additional 175,116 shares during the last quarter. Fourth Sail Capital LP raised its holdings in shares of DLocal by 60.8% in the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company's stock worth $19,398,000 after acquiring an additional 906,561 shares during the last quarter. PEAK6 Investments LLC acquired a new position in shares of DLocal in the third quarter worth $488,000. Squarepoint Ops LLC acquired a new position in shares of DLocal in the second quarter worth $157,000. Finally, Centiva Capital LP raised its holdings in shares of DLocal by 317.8% in the third quarter. Centiva Capital LP now owns 94,512 shares of the company's stock worth $756,000 after acquiring an additional 71,892 shares during the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.
DLocal Stock Up 0.7 %
Shares of DLO traded up $0.08 during mid-day trading on Tuesday, reaching $11.82. The company's stock had a trading volume of 682,579 shares, compared to its average volume of 1,592,026. The business has a fifty day moving average of $9.71 and a 200 day moving average of $8.69. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.88. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $18.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.
DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. During the same period last year, the company earned $0.16 earnings per share. DLocal's quarterly revenue was up 13.4% compared to the same quarter last year. As a group, analysts forecast that DLocal Limited will post 0.47 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
DLO has been the subject of several analyst reports. Bank of America upped their target price on DLocal from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, August 15th. Susquehanna dropped their target price on DLocal from $21.00 to $14.00 and set a "positive" rating for the company in a research note on Thursday, August 15th. Finally, Barclays upped their target price on DLocal from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Monday, November 18th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.61.
Read Our Latest Stock Analysis on DLO
About DLocal
(
Free Report)
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.
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