DLocal Limited (NASDAQ:DLO) Shares Sold by Fourth Sail Capital LP

Key Points

• Fourth Sail Capital LP reduced its stake in DLocal Limited by 2.6%, now holding 1,156,369 shares, which represents 0.41% of DLocal's total value.
• DLocal reported a 0.15 EPS for the latest quarter, surpassing estimates, with a revenue of $216.76 million that also exceeded forecasts.
• Analysts have varying ratings on DLocal, with a consensus rating of "Hold" and an average price target of $12.18.

Fourth Sail Capital LP lowered its holdings in DLocal Limited (NASDAQ:DLO - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,156,369 shares of the company's stock after selling 31,229 shares during the quarter. DLocal makes up 2.3% of Fourth Sail Capital LP's portfolio, making the stock its 18th biggest position. Fourth Sail Capital LP owned 0.41% of DLocal worth $9,644,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DLO. Wells Fargo & Company MN increased its stake in DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after purchasing an additional 1,797 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of DLocal by 603.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock worth $34,000 after acquiring an additional 3,477 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of DLocal in the fourth quarter worth $55,000. Vident Advisory LLC grew its position in DLocal by 6.3% during the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company's stock valued at $176,000 after buying an additional 929 shares during the period. Finally, Krane Funds Advisors LLC grew its position in DLocal by 86.3% during the first quarter. Krane Funds Advisors LLC now owns 19,150 shares of the company's stock valued at $160,000 after buying an additional 8,870 shares during the period. Institutional investors own 90.13% of the company's stock.

Wall Street Analyst Weigh In

DLO has been the topic of several analyst reports. UBS Group restated a "neutral" rating and set a $10.00 price target (up previously from $9.00) on shares of DLocal in a research report on Wednesday, July 30th. Citigroup started coverage on shares of DLocal in a research report on Tuesday, May 27th. They set a "buy" rating and a $14.60 price target on the stock. Susquehanna increased their price objective on shares of DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, May 15th. Finally, Truist Financial started coverage on shares of DLocal in a report on Monday, June 2nd. They set a "hold" rating and a $12.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $12.18.

DLocal Price Performance

Shares of NASDAQ:DLO traded up $0.28 during midday trading on Friday, hitting $10.97. The company's stock had a trading volume of 1,790,601 shares, compared to its average volume of 1,016,076. The business's 50 day simple moving average is $10.75 and its 200 day simple moving average is $10.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $3.13 billion, a P/E ratio of 22.39 and a beta of 1.10. DLocal Limited has a 12-month low of $7.45 and a 12-month high of $14.26.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $216.76 million for the quarter, compared to the consensus estimate of $213.52 million. DLocal had a net margin of 19.19% and a return on equity of 37.55%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. On average, analysts forecast that DLocal Limited will post 0.47 EPS for the current year.

DLocal Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th were given a dividend of $0.5251 per share. The ex-dividend date was Tuesday, May 27th.

DLocal 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.