Fourth Sail Capital LP Decreases Stock Holdings in DLocal Limited (NASDAQ:DLO)

Fourth Sail Capital LP cut its stake in DLocal Limited (NASDAQ:DLO) by 26.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,771,932 shares of the company’s stock after selling 625,838 shares during the period. DLocal makes up about 3.6% of Fourth Sail Capital LP’s holdings, making the stock its 11th largest holding. Fourth Sail Capital LP owned approximately 0.60% of DLocal worth $14,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in shares of DLocal by 6.7% during the 3rd quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock worth $379,000 after buying an additional 2,989 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in DLocal by 24.7% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after acquiring an additional 3,101 shares during the last quarter. Ridgewood Investments LLC raised its position in DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after purchasing an additional 3,293 shares during the period. Quarry LP lifted its stake in shares of DLocal by 1,124.7% in the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after purchasing an additional 3,599 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of DLocal by 0.8% in the 3rd quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock valued at $10,027,000 after purchasing an additional 9,340 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Price Performance

DLocal stock opened at $9.89 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal Limited has a 52-week low of $6.57 and a 52-week high of $19.45. The firm has a market cap of $2.93 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 4.58 and a beta of 0.74. The company’s 50 day moving average is $8.70 and its two-hundred day moving average is $8.75.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share (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 business had revenue of $185.80 million for the quarter, compared to analysts’ expectations of $181.47 million. During the same period last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, research analysts expect that DLocal Limited will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DLO shares. Susquehanna cut their price objective on DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, August 15th. Bank of America boosted their price target on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Finally, Barclays decreased their price objective on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.50.

About DLocal

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.