Fourth Sail Capital LP Purchases New Holdings in DLocal Limited (NASDAQ:DLO)

Fourth Sail Capital LP acquired a new position in DLocal Limited (NASDAQ:DLO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 835,661 shares of the company's stock, valued at approximately $14,783,000. DLocal accounts for 4.6% of Fourth Sail Capital LP's investment portfolio, making the stock its 8th largest position. Fourth Sail Capital LP owned about 0.29% of DLocal at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in shares of DLocal by 24.5% in the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company's stock valued at $134,000 after purchasing an additional 1,378 shares during the period. Penserra Capital Management LLC increased its stake in DLocal by 371.4% in the 3rd quarter. Penserra Capital Management LLC now owns 199,106 shares of the company's stock valued at $3,816,000 after buying an additional 156,865 shares during the period. Polen Capital Management LLC increased its stake in DLocal by 13.9% in the 3rd quarter. Polen Capital Management LLC now owns 1,923,273 shares of the company's stock valued at $36,869,000 after buying an additional 234,772 shares during the period. Baillie Gifford & Co. lifted its position in DLocal by 79.5% in the 4th quarter. Baillie Gifford & Co. now owns 993,987 shares of the company's stock worth $17,584,000 after buying an additional 440,259 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its stake in shares of DLocal by 77.8% during the 3rd quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company's stock valued at $102,948,000 after buying an additional 2,350,000 shares during the period. 90.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on DLocal from $17.50 to $17.00 and set a "neutral" rating for the company in a report on Monday, April 1st. Barclays lowered their price target on DLocal from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, March 21st. Susquehanna cut their price objective on shares of DLocal from $24.00 to $21.00 and set a "positive" rating on the stock in a research report on Tuesday, March 19th. The Goldman Sachs Group decreased their target price on shares of DLocal from $21.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, March 20th. Finally, Citigroup initiated coverage on DLocal in a report on Friday, April 19th. They set a "neutral" rating and a $17.00 target price on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.38.

DLocal Stock Performance

Shares of DLocal stock traded down $0.19 during midday trading on Wednesday, hitting $14.02. The company had a trading volume of 955,628 shares, compared to its average volume of 1,050,329. The stock has a market cap of $4.15 billion, a PE ratio of 28.61, a P/E/G ratio of 0.96 and a beta of 0.96. DLocal Limited has a 1-year low of $9.04 and a 1-year high of $24.22. The business's 50 day simple moving average is $15.90 and its two-hundred day simple moving average is $16.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). DLocal had a return on equity of 40.57% and a net margin of 22.92%. The company had revenue of $188.01 million for the quarter, compared to the consensus estimate of $169.85 million. As a group, equities analysts predict that DLocal Limited will post 0.59 EPS for the current fiscal year.

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.

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