Two Sigma Advisers LP Decreases Stake in DLocal Limited (NASDAQ:DLO)

Two Sigma Advisers LP trimmed its holdings in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 23.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,438,300 shares of the company's stock after selling 434,600 shares during the period. Two Sigma Advisers LP owned about 0.49% of DLocal worth $11,506,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DLO. Sylebra Capital LLC purchased a new stake in DLocal during the second quarter valued at about $13,565,000. Fourth Sail Capital LP boosted its holdings in shares of DLocal by 60.8% during the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company's stock worth $19,398,000 after purchasing an additional 906,561 shares during the period. Millennium Management LLC boosted its holdings in shares of DLocal by 151.2% during the second quarter. Millennium Management LLC now owns 644,237 shares of the company's stock worth $5,212,000 after purchasing an additional 387,762 shares during the period. PDT Partners LLC boosted its holdings in shares of DLocal by 1,430.1% during the third quarter. PDT Partners LLC now owns 359,635 shares of the company's stock worth $2,877,000 after purchasing an additional 336,131 shares during the period. Finally, GSA Capital Partners LLP raised its stake in 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 buying an additional 175,116 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

DLocal Trading Up 0.7 %

NASDAQ:DLO traded up $0.08 during mid-day trading on Tuesday, hitting $11.82. 682,785 shares of the stock traded hands, compared to its average volume of 1,592,025. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.42 and a beta of 0.88. DLocal Limited has a 52 week low of $6.57 and a 52 week high of $18.76. The firm's 50 day moving average is $9.63 and its two-hundred day moving average is $8.67. 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 issued its earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $185.80 million for the quarter, compared to the consensus estimate of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. On average, equities research analysts predict that DLocal Limited will post 0.47 earnings per share for the current 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.