DLocal Limited (NASDAQ:DLO) Shares Sold by Man Group plc

Man Group plc cut its stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 89.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,012 shares of the company's stock after selling 156,272 shares during the period. Man Group plc's holdings in DLocal were worth $214,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Azora Capital LP purchased a new position in shares of DLocal in the fourth quarter valued at about $37,144,000. Canada Pension Plan Investment Board bought a new stake in shares of DLocal in the 4th quarter valued at about $25,099,000. Baillie Gifford & Co. grew its stake in DLocal by 108.5% in the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock valued at $29,428,000 after purchasing an additional 1,360,183 shares during the last quarter. J. Goldman & Co LP increased its position in shares of DLocal by 175.5% during 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 in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of DLocal in the fourth quarter worth $5,720,000. Institutional investors own 90.13% of the company's stock.

DLocal Trading Down 1.4%

Shares of NASDAQ DLO traded down $0.15 during midday trading on Friday, reaching $10.66. The stock had a trading volume of 934,622 shares, compared to its average volume of 1,403,398. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97. The company's 50 day moving average price is $9.40 and its 200 day moving average price is $10.73. 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 Limited has a twelve month low of $6.57 and a twelve month high of $14.26.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company 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 posted $0.06 EPS. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, sell-side analysts expect that DLocal Limited will post 0.47 EPS for the current year.

DLocal Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Barclays reduced their price target on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of DLocal from a "neutral" rating to an "overweight" rating and raised their price target for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group lifted their target price on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Citigroup assumed coverage on DLocal in a research note on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price objective for the company. Finally, Morgan Stanley reissued an "equal weight" rating and set a $10.00 price target (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.08.

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.