DLocal Limited (NASDAQ:DLO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 49.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,072 shares of the company's stock after selling 132,458 shares during the quarter. Geode Capital Management LLC's holdings in DLocal were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Activest Wealth Management increased 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 purchasing an additional 2,656 shares during the last quarter. R Squared Ltd acquired a new position in DLocal during the 4th quarter worth about $82,000. Virtu Financial LLC purchased a new position in DLocal during the 4th quarter valued at about $142,000. SBI Securities Co. Ltd. acquired a new position in shares of DLocal in the fourth quarter valued at approximately $233,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in DLocal during the 4th quarter worth approximately $300,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

DLocal Stock Performance

Shares of DLO traded up $0.04 during midday trading on Friday, reaching $8.94. 361,100 shares of the stock were exchanged, compared to its average volume of 1,567,566. The business's 50-day moving average price is $9.07 and its 200 day moving average price is $10.48. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.09 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. DLocal Limited has a twelve month low of $6.57 and a twelve month high of $14.46.

DLocal (NASDAQ:DLO - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. On average, sell-side analysts expect that DLocal Limited will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upped their price target on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. Susquehanna increased their price objective on shares of DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Morgan Stanley reiterated an "equal weight" rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. Finally, Barclays decreased their price target on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, DLocal presently has a consensus rating of "Hold" and a consensus target price of $11.31.

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.