Man Group plc Reduces Holdings in DLocal Limited (NASDAQ:DLO)

Man Group plc cut its stake in DLocal Limited (NASDAQ:DLO - Free Report) by 89.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Azora Capital LP acquired a new stake in shares of DLocal during the 4th quarter valued at $37,144,000. Canada Pension Plan Investment Board purchased a new stake in shares of DLocal in the fourth quarter worth approximately $25,099,000. Baillie Gifford & Co. raised its stake in shares of DLocal by 108.5% in the fourth 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 during the last quarter. J. Goldman & Co LP raised its stake 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 last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of DLocal in the fourth quarter worth approximately $5,720,000. 90.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DLO shares. Citigroup started coverage on DLocal in a report on Tuesday. They issued a "buy" rating and a $14.60 target price for the company. Barclays reduced their target price on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group upped their target price on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $10.00 target price (down from $11.00) on shares of DLocal in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised DLocal from a "neutral" rating to an "overweight" rating and upped their target price for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.08.

DLocal Stock Performance

DLocal stock traded down $0.24 during trading on Thursday, hitting $10.81. The stock had a trading volume of 1,109,551 shares, compared to its average volume of 1,412,846. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $14.26. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average is $9.36 and its two-hundred day moving average is $10.69. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 27.03, 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 Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $213.52 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm's revenue was up 17.6% compared to the same quarter last year. As a group, analysts predict that DLocal Limited will post 0.47 EPS for the current year.

DLocal Dividend Announcement

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

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.