Two Sigma Advisers LP Sells 445,000 Shares of DLocal Limited (NASDAQ:DLO)

Two Sigma Advisers LP decreased its stake in DLocal Limited (NASDAQ:DLO - Free Report) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 993,300 shares of the company's stock after selling 445,000 shares during the quarter. Two Sigma Advisers LP owned 0.34% of DLocal worth $11,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DLO. State of Wyoming raised its position in shares of DLocal by 12.3% during the fourth quarter. State of Wyoming now owns 28,240 shares of the company's stock worth $318,000 after purchasing an additional 3,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of DLocal by 4.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company's stock worth $1,478,000 after purchasing an additional 5,853 shares during the period. J. Goldman & Co LP raised 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 during the period. Crestline Management LP raised its position in shares of DLocal by 148.2% during 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 during the period. Finally, Azora Capital LP acquired a new stake in shares of DLocal during the fourth quarter worth about $37,144,000. Institutional investors and hedge funds own 90.13% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Citigroup assumed coverage on DLocal in a report on Tuesday. They set a "buy" rating and a $14.60 price objective for the company. Susquehanna increased their price objective on DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. upgraded DLocal from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $10.00 price objective (down from $11.00) on shares of DLocal in a report on Friday, February 28th. 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 data from MarketBeat, DLocal presently has an average rating of "Hold" and an average target price of $12.08.

DLocal Stock Performance

Shares of NASDAQ DLO traded up $0.01 during midday trading on Wednesday, hitting $11.10. 265,201 shares of the company's stock were exchanged, compared to its average volume of 1,054,169. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal Limited has a 12 month low of $6.57 and a 12 month high of $14.26. The company's 50 day moving average price is $9.33 and its 200 day moving average price is $10.69. The firm has a market capitalization of $3.17 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97.

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, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $216.76 million during the quarter, compared to the consensus estimate of $213.52 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. As a group, analysts predict that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

DLocal Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be paid a $0.5251 dividend. 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.