Marshall Wace LLP Decreases Stock Position in DLocal Limited (NASDAQ:DLO)

Marshall Wace LLP trimmed its position in shares of DLocal Limited (NASDAQ:DLO) by 57.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 538,904 shares of the company’s stock after selling 734,594 shares during the quarter. Marshall Wace LLP owned 0.18% of DLocal worth $4,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. boosted its stake in shares of DLocal by 12.9% during the 4th quarter. 1832 Asset Management L.P. now owns 1,096,800 shares of the company’s stock worth $19,402,000 after purchasing an additional 125,000 shares during the period. Wasatch Advisors LP boosted its position in shares of DLocal by 35.3% during the fourth quarter. Wasatch Advisors LP now owns 3,592,401 shares of the company’s stock valued at $63,550,000 after buying an additional 936,558 shares during the period. Renaissance Capital LLC grew its stake in shares of DLocal by 3.0% during the first quarter. Renaissance Capital LLC now owns 60,039 shares of the company’s stock valued at $883,000 after buying an additional 1,743 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of DLocal in the first quarter worth approximately $152,000. Finally, Fourth Sail Capital LP lifted its stake in shares of DLocal by 78.4% during the 1st quarter. Fourth Sail Capital LP now owns 1,491,209 shares of the company’s stock worth $21,921,000 after acquiring an additional 655,548 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

DLO has been the topic of several research analyst reports. Citigroup cut their price objective on DLocal from $17.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, June 5th. The Goldman Sachs Group lowered shares of DLocal from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $16.00 to $8.00 in a report on Wednesday, June 26th. UBS Group upgraded shares of DLocal from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $13.00 to $9.00 in a research note on Thursday, June 20th. Barclays decreased their price target on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Finally, Bank of America increased their price objective on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.50.

DLocal Price Performance

DLO opened at $8.10 on Wednesday. The firm has a market capitalization of $2.40 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 3.75 and a beta of 0.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.50 and a quick ratio of 1.50. The business’s 50-day moving average is $8.15 and its two-hundred day moving average is $10.24. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $19.94.

DLocal (NASDAQ:DLO) last announced its earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The company had revenue of $171.30 million during the quarter, compared to the consensus estimate of $203.18 million. During the same period last year, the firm earned $0.15 earnings per share. DLocal’s revenue was up 6.3% compared to the same quarter last year. Research analysts anticipate that DLocal Limited will post 0.42 earnings per share for the current fiscal year.

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.