Two Sigma Investments LP Lowers Stake in DLocal Limited (NASDAQ:DLO)

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

Several other hedge funds have also recently modified their holdings of DLO. Mariner LLC raised its holdings in DLocal by 6.0% in the 4th quarter. Mariner LLC now owns 24,257 shares of the company's stock valued at $273,000 after acquiring an additional 1,365 shares during the last quarter. Lane Generational LLC raised its holdings in DLocal by 0.4% in the 4th quarter. Lane Generational LLC now owns 412,233 shares of the company's stock valued at $4,642,000 after acquiring an additional 1,717 shares during the last quarter. Wells Fargo & Company MN raised its holdings in DLocal by 398.4% in 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 during the last quarter. Activest Wealth Management raised its holdings in DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company's stock valued at $30,000 after acquiring an additional 2,656 shares during the last quarter. Finally, State of Wyoming raised its holdings in DLocal by 12.3% in the 4th quarter. State of Wyoming now owns 28,240 shares of the company's stock valued at $318,000 after acquiring an additional 3,087 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

DLocal Trading Down 1.3%

Shares of NASDAQ DLO traded down $0.15 during midday trading on Thursday, reaching $10.91. 156,107 shares of the stock were exchanged, compared to its average volume of 1,413,927. The company has a 50 day simple moving average of $9.36 and a 200 day simple moving average of $10.69. The stock has a market capitalization of $3.11 billion, a P/E ratio of 27.21, 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 Limited has a twelve month low of $6.57 and a twelve month high of $14.26.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. The firm had revenue of $216.76 million during the quarter, compared to analysts' expectations of $213.52 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. As a group, equities analysts expect that DLocal Limited will post 0.47 earnings per share for the current year.

DLocal Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Susquehanna increased their price objective on shares of DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, May 15th. Barclays cut their price objective on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Citigroup assumed coverage on shares of DLocal in a report on Tuesday. They set a "buy" rating and a $14.60 price target for the company. The Goldman Sachs Group raised their price target on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upgraded shares of 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 report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average 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.