Point72 Asset Management L.P. Increases Holdings in DLocal Limited (NASDAQ:DLO)

Point72 Asset Management L.P. lifted its position in DLocal Limited (NASDAQ:DLO) by 22.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,800 shares of the company’s stock after buying an additional 23,480 shares during the period. Point72 Asset Management L.P.’s holdings in DLocal were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Tempus Wealth Planning LLC bought a new stake in DLocal during the second quarter valued at approximately $131,000. Ridgewood Investments LLC increased its stake 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 purchasing an additional 3,293 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings 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 worth $127,000 after purchasing an additional 3,101 shares during the period. Krane Funds Advisors LLC purchased a new position in DLocal during the second quarter valued at $122,000. Finally, Fourth Sail Capital LP lifted its stake in 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 purchasing an additional 906,561 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America increased their price target on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Barclays lifted their target price on DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Finally, Susquehanna cut their price target 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, DLocal currently has a consensus rating of “Hold” and an average price target of $12.61.

DLocal Trading Up 0.7 %

NASDAQ DLO opened at $11.82 on Wednesday. DLocal Limited has a 52 week low of $6.57 and a 52 week high of $18.76. The company has a 50 day moving average price of $9.71 and a 200 day moving average price of $8.69. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.50 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.88.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that DLocal Limited will post 0.47 EPS 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.