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

Point72 Asset Management L.P. boosted its position in shares of DLocal Limited (NASDAQ:DLO) by 22.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 128,800 shares of the company’s stock after acquiring an additional 23,480 shares during the quarter. Point72 Asset Management L.P.’s holdings in DLocal were worth $1,030,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fourth Sail Capital LP increased its stake in shares of 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 acquiring an additional 906,561 shares during the period. Sylebra Capital LLC acquired a new stake in DLocal during the 2nd quarter worth about $13,565,000. Baillie Gifford & Co. grew its position in DLocal by 0.8% during the 3rd quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock worth $10,027,000 after purchasing an additional 9,340 shares during the period. Millennium Management LLC raised its stake in shares of DLocal by 151.2% during the 2nd quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after buying an additional 387,762 shares during the last quarter. Finally, PDT Partners LLC boosted its stake in shares of DLocal by 1,430.1% in the third quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock worth $2,877,000 after buying an additional 336,131 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Analyst Upgrades and Downgrades

DLO has been the subject of a number of analyst reports. Susquehanna decreased their price target on DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, August 15th. Bank of America boosted their target price 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 raised their price target on shares of DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.61.

DLocal Stock Up 0.7 %

Shares of NASDAQ DLO opened at $11.82 on Wednesday. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.88. The company’s 50-day simple moving average is $9.71 and its 200-day simple moving average is $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. DLocal Limited has a 52-week low of $6.57 and a 52-week high of $18.76.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. DLocal’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. Equities analysts predict 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.