Caption Management LLC Sells 98,251 Shares of DLocal Limited (NASDAQ:DLO)

Caption Management LLC decreased its stake in DLocal Limited (NASDAQ:DLO - Free Report) by 95.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,249 shares of the company's stock after selling 98,251 shares during the quarter. Caption Management LLC's holdings in DLocal were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Azora Capital LP bought a new stake in shares of DLocal during the 4th quarter valued at $37,144,000. Baillie Gifford & Co. raised its holdings in DLocal by 108.5% during the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock worth $29,428,000 after buying an additional 1,360,183 shares during the period. Canada Pension Plan Investment Board bought a new position in DLocal in the fourth quarter valued at approximately $25,099,000. Balyasny Asset Management L.P. raised its holdings in shares of DLocal by 82.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company's stock worth $11,125,000 after acquiring an additional 445,549 shares during the period. Finally, Tikvah Management LLC lifted its position in DLocal by 115.6% in the 4th quarter. Tikvah Management LLC now owns 901,800 shares of the company's stock valued at $10,154,000 after acquiring an additional 483,500 shares in the last quarter. 90.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

DLocal Stock Performance

DLO traded up $0.20 during trading hours on Tuesday, reaching $9.79. The company's stock had a trading volume of 762,725 shares, compared to its average volume of 1,554,969. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The company's 50-day moving average is $8.83 and its 200-day moving average is $10.50. DLocal Limited has a 52 week low of $6.57 and a 52 week high of $14.26. The firm has a market cap of $2.79 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share (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. On average, equities analysts forecast that DLocal Limited will post 0.47 EPS for the current year.

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.