Millennium Management LLC Lowers Stock Position in DLocal Limited (NASDAQ:DLO)

Millennium Management LLC reduced its holdings in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 42.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 669,590 shares of the company's stock after selling 488,167 shares during the period. Millennium Management LLC owned about 0.23% of DLocal worth $7,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DLO. Wells Fargo & Company MN grew its position in DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after acquiring an additional 1,797 shares during the last quarter. Activest Wealth Management grew its holdings in shares of DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company's stock worth $30,000 after purchasing an additional 2,656 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of DLocal in the fourth quarter worth approximately $55,000. R Squared Ltd bought a new position in shares of DLocal in the fourth quarter worth approximately $82,000. Finally, Virtu Financial LLC bought a new position in shares of DLocal in the fourth quarter worth approximately $142,000. 90.13% of the stock is currently owned by institutional investors.

DLocal Trading Down 1.4%

DLO stock traded down $0.15 on Friday, reaching $10.66. The company's stock had a trading volume of 934,622 shares, compared to its average volume of 1,403,398. The business has a fifty day simple moving average of $9.40 and a two-hundred day simple moving average of $10.73. DLocal Limited has a 12-month low of $6.57 and a 12-month high of $14.26. The firm has a market cap of $3.04 billion, a PE ratio of 26.65, a PEG ratio of 3.09 and a beta of 0.97. 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 announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 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 during the quarter, compared to analyst estimates of $213.52 million. During the same quarter last year, the firm posted $0.06 earnings per share. The firm's revenue was up 17.6% on a year-over-year basis. As a group, research 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 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.

Analysts Set New Price Targets

DLO has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. The Goldman Sachs Group raised their target price on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley restated an "equal weight" rating and issued a $10.00 target price (down previously from $11.00) on shares of DLocal in a report on Friday, February 28th. Citigroup initiated coverage on shares of DLocal in a report on Tuesday. They issued a "buy" rating and a $14.60 target price on the stock. Finally, Susquehanna raised their target price on shares of DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, May 15th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.08.

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.