Bayesian Capital Management LP Decreases Stock Holdings in DLocal Limited (NASDAQ:DLO)

Bayesian Capital Management LP trimmed its position in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 64.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,400 shares of the company's stock after selling 68,500 shares during the period. Bayesian Capital Management LP's holdings in DLocal were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DLO. Canada Pension Plan Investment Board purchased a new stake in shares of DLocal during the fourth quarter worth $25,099,000. Baillie Gifford & Co. lifted 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 purchasing an additional 1,360,183 shares in the last quarter. BNP Paribas Financial Markets bought a new position in DLocal in the 4th quarter worth about $5,720,000. Tikvah Management LLC grew its holdings in DLocal by 115.6% during the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of DLocal by 132.0% during the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company's stock valued at $3,946,000 after buying an additional 280,607 shares during the period. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Price Performance

DLO traded up $0.21 during midday trading on Friday, hitting $9.21. The stock had a trading volume of 562,781 shares, compared to its average volume of 1,559,997. The company has a market cap of $2.63 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $14.26. The business has a fifty day moving average of $8.83 and a 200 day moving average of $10.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO - Get Free Report) last issued its 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 net margin of 16.35% and a return on equity of 32.59%. The company had revenue of $204.49 million for the quarter, compared to analysts' expectations of $204.98 million. As a group, equities analysts forecast that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.