Two Sigma Investments LP Sells 165,897 Shares of DLocal Limited (NASDAQ:DLO)

Two Sigma Investments LP reduced its position in DLocal Limited (NASDAQ:DLO - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,213,212 shares of the company's stock after selling 165,897 shares during the period. Two Sigma Investments LP owned about 0.41% of DLocal worth $13,661,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DLO. Wells Fargo & Company MN grew its stake in DLocal by 398.4% during the 4th 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 in the last quarter. Activest Wealth Management grew its position in DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company's stock valued at $30,000 after purchasing an additional 2,656 shares in the last quarter. Parvin Asset Management LLC acquired a new position in DLocal in the 4th quarter valued at approximately $55,000. R Squared Ltd acquired a new position in DLocal in the 4th quarter valued at approximately $82,000. Finally, Virtu Financial LLC purchased a new stake in DLocal in the 4th quarter worth approximately $142,000. Institutional investors and hedge funds own 90.13% of the company's stock.

DLocal Stock Performance

DLO traded down $0.17 on Tuesday, hitting $11.09. The company had a trading volume of 1,014,654 shares, compared to its average volume of 1,432,588. DLocal Limited has a 1-year low of $6.57 and a 1-year high of $14.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The company's fifty day moving average price is $9.29 and its 200 day moving average price is $10.69. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $213.52 million. During the same period in the prior year, the firm earned $0.06 EPS. DLocal's quarterly revenue was up 17.6% compared to the same quarter last year. Equities analysts predict that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

DLocal Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an "equal weight" rating and issued a $10.00 price target (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. Barclays dropped their target price on DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised DLocal from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group boosted their price target on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Susquehanna boosted their target price on shares of DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, DLocal presently has a consensus rating of "Hold" and an average target price of $12.08.

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.