Mirae Asset Global Investments Co. Ltd. Trims Holdings in DLocal Limited (NASDAQ:DLO)

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of DLocal Limited (NASDAQ:DLO) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,681 shares of the company’s stock after selling 11,829 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in DLocal were worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DLO. Alkeon Capital Management LLC grew its holdings in DLocal by 77.8% during the 3rd quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company’s stock worth $102,948,000 after acquiring an additional 2,350,000 shares in the last quarter. Millennium Management LLC raised its stake in DLocal by 866.2% during the fourth quarter. Millennium Management LLC now owns 2,297,363 shares of the company’s stock valued at $35,770,000 after buying an additional 2,059,580 shares in the last quarter. Wasatch Advisors Inc. raised its stake in DLocal by 53.0% during the first quarter. Wasatch Advisors Inc. now owns 4,086,240 shares of the company’s stock valued at $127,736,000 after buying an additional 1,415,016 shares in the last quarter. Eventide Asset Management LLC lifted its holdings in DLocal by 27.8% during the 2nd quarter. Eventide Asset Management LLC now owns 5,699,607 shares of the company’s stock worth $69,564,000 after buying an additional 1,238,463 shares during the last quarter. Finally, Mangrove Partners acquired a new position in shares of DLocal in the 4th quarter worth approximately $16,268,000. Institutional investors own 90.13% of the company’s stock.

DLocal Trading Up 0.9 %

NASDAQ:DLO opened at $15.62 on Thursday. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 1.02 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. DLocal Limited has a 1 year low of $9.04 and a 1 year high of $24.22. The business has a fifty day moving average of $16.27 and a 200-day moving average of $17.18.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DLO shares. Susquehanna reduced their price objective on DLocal from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, March 19th. The Goldman Sachs Group dropped their price objective on shares of DLocal from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th. HSBC reduced their price objective on DLocal from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. cut their target price on DLocal from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Finally, Barclays lowered their price target on shares of DLocal from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, March 21st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, DLocal has a consensus rating of “Hold” and an average target price of $19.13.

DLocal 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.