Krane Funds Advisors LLC Sells 2,358 Shares of DLocal Limited (NASDAQ:DLO)

Krane Funds Advisors LLC trimmed its position in DLocal Limited (NASDAQ:DLO) by 18.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,280 shares of the company’s stock after selling 2,358 shares during the quarter. Krane Funds Advisors LLC’s holdings in DLocal were worth $116,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DLO. Baillie Gifford & Co. grew its position in shares of DLocal by 108.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after purchasing an additional 1,360,183 shares in the last quarter. Tikvah Management LLC raised its position in shares of DLocal by 115.6% during the fourth quarter. Tikvah Management LLC now owns 901,800 shares of the company’s stock valued at $10,154,000 after buying an additional 483,500 shares during the last quarter. State Street Corp raised its position in shares of DLocal by 1.4% during the third quarter. State Street Corp now owns 511,252 shares of the company’s stock valued at $4,090,000 after buying an additional 6,992 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of DLocal by 132.0% in the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock worth $3,946,000 after buying an additional 280,607 shares in the last quarter. Finally, Lane Generational LLC boosted its position in shares of DLocal by 0.4% during the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock worth $4,642,000 after acquiring an additional 1,717 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DLO. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group increased their price target on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Susquehanna boosted their price target on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price objective (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. Finally, Barclays dropped their price objective on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.31.

DLocal Stock Performance

Shares of DLO stock opened at $8.09 on Monday. The business’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $10.49. DLocal Limited has a 12-month low of $6.57 and a 12-month high of $16.79. The company has a market cap of $2.39 billion, a PE ratio of 20.23, a PEG ratio of 3.09 and a beta of 0.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $204.49 million during the quarter, compared to analysts’ expectations of $204.98 million. Analysts expect that DLocal Limited will post 0.47 earnings per share 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.