Granite Point Capital Management L.P. Sells 4,000 Shares of DLocal Limited (NASDAQ:DLO)

Granite Point Capital Management L.P. cut its holdings in shares of DLocal Limited (NASDAQ:DLO – Get Rating) by 20.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,000 shares of the company’s stock after selling 4,000 shares during the quarter. Granite Point Capital Management L.P.’s holdings in DLocal were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DLO. Allianz Asset Management GmbH grew its holdings in shares of DLocal by 0.7% in the first quarter. Allianz Asset Management GmbH now owns 96,283 shares of the company’s stock worth $3,010,000 after purchasing an additional 711 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of DLocal by 0.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 283,870 shares of the company’s stock valued at $7,453,000 after acquiring an additional 900 shares during the period. Virtu Financial LLC raised its stake in shares of DLocal by 5.3% during the first quarter. Virtu Financial LLC now owns 20,006 shares of the company’s stock valued at $625,000 after acquiring an additional 1,010 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of DLocal by 14.9% during the second quarter. JPMorgan Chase & Co. now owns 8,382 shares of the company’s stock worth $220,000 after purchasing an additional 1,087 shares during the period. Finally, Northern Trust Corp lifted its holdings in DLocal by 7.2% in the 1st quarter. Northern Trust Corp now owns 17,709 shares of the company’s stock worth $554,000 after buying an additional 1,191 shares during the period. Hedge funds and other institutional investors own 47.39% of the company’s stock.

DLocal Stock Performance

Shares of DLocal stock opened at $16.40 on Wednesday. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 0.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.72 and a quick ratio of 1.72. DLocal Limited has a 1 year low of $9.03 and a 1 year high of $36.88. The firm’s 50-day moving average is $14.43 and its 200 day moving average is $21.09.

DLocal (NASDAQ:DLO – Get Rating) last released its quarterly earnings data on Monday, November 14th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). DLocal had a net margin of 29.97% and a return on equity of 34.44%. The business had revenue of $111.86 million during the quarter, compared to the consensus estimate of $112.65 million. Sell-side analysts anticipate that DLocal Limited will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DLO shares. JPMorgan Chase & Co. decreased their target price on DLocal from $30.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, December 12th. Citigroup dropped their target price on shares of DLocal from $28.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, November 29th. The Goldman Sachs Group reduced their price target on shares of DLocal from $43.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, December 1st. HSBC cut their price objective on DLocal from $32.00 to $19.00 in a research report on Wednesday, December 21st. Finally, New Street Research cut DLocal from a “buy” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Wednesday, December 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.22.

DLocal Profile

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DLocal Limited operates a payments platform in the United States, Europe, China, and internationally. Its payments platform enables merchants to get paid and to make payments online. The company serves commerce, streaming, ride-hailing, financial services, advertising, software as a service, travel, e-learning, on-demand delivery, gaming, and crypto industries.