Voloridge Investment Management LLC Lowers Holdings in DLocal Limited (NASDAQ:DLO)

Voloridge Investment Management LLC reduced its position in DLocal Limited (NASDAQ:DLO - Free Report) by 53.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 446,196 shares of the company's stock after selling 509,726 shares during the period. Voloridge Investment Management LLC owned about 0.15% of DLocal worth $5,024,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vident Advisory LLC boosted its stake in shares of DLocal by 6.3% in the 4th quarter. Vident Advisory LLC now owns 15,622 shares of the company's stock worth $176,000 after buying an additional 929 shares during the last quarter. State of Wyoming raised its stake in shares of DLocal by 12.3% in the fourth quarter. State of Wyoming now owns 28,240 shares of the company's stock worth $318,000 after buying an additional 3,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in DLocal by 4.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company's stock worth $1,478,000 after acquiring an additional 5,853 shares during the period. J. Goldman & Co LP boosted its position in shares of DLocal by 175.5% in the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock worth $15,214,000 after purchasing an additional 860,681 shares during the period. Finally, Crestline Management LP increased its stake in shares of DLocal by 148.2% in the fourth quarter. Crestline Management LP now owns 134,903 shares of the company's stock worth $1,519,000 after purchasing an additional 80,551 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLO has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised shares of DLocal from a "neutral" rating to an "overweight" rating and increased their price target for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Susquehanna upped their price target on shares of DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, May 15th. Morgan Stanley reissued an "equal weight" rating and set a $10.00 target price (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. Finally, Barclays dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $12.08.

DLocal Stock Up 0.5%

Shares of NASDAQ:DLO traded up $0.05 during trading on Friday, reaching $10.86. The stock had a trading volume of 934,255 shares, compared to its average volume of 1,054,541. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.10 billion, a P/E ratio of 27.15, a PEG ratio of 3.09 and a beta of 0.97. The firm's 50-day simple moving average is $9.38 and its 200 day simple moving average is $10.71. DLocal Limited has a one year low of $6.57 and a one year high of $14.26.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $216.76 million for the quarter, compared to analyst estimates of $213.52 million. During the same period in the previous year, the company earned $0.06 earnings per share. The business's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, research analysts expect that DLocal Limited will post 0.47 EPS for the current fiscal year.

DLocal Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th will be paid a $0.5251 dividend. The ex-dividend date of this dividend is Tuesday, May 27th.

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.