Garden State Investment Advisory Services LLC bought a new stake in shares of DLocal Limited (NASDAQ:DLO – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,895 shares of the company’s stock, valued at approximately $226,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DLO. Fourth Sail Capital LP lifted its holdings in shares of DLocal by 60.8% during the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after purchasing an additional 906,561 shares during the period. Krane Funds Advisors LLC acquired a new stake in DLocal during the 2nd quarter valued at approximately $122,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of DLocal by 24.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock valued at $127,000 after acquiring an additional 3,101 shares during the last quarter. Ridgewood Investments LLC increased its stake in shares of DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after acquiring an additional 3,293 shares during the period. Finally, Tempus Wealth Planning LLC purchased a new position in shares of DLocal during the second quarter worth $131,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.
DLocal Price Performance
Shares of NASDAQ DLO opened at $8.16 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a fifty day moving average of $8.13 and a 200 day moving average of $10.78. The firm has a market cap of $2.42 billion, a PE ratio of 18.55, a PEG ratio of 3.99 and a beta of 0.77. DLocal Limited has a one year low of $6.57 and a one year high of $19.99.
Analyst Ratings Changes
Several equities research analysts have commented on DLO shares. JPMorgan Chase & Co. lowered their price target on shares of DLocal from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, May 29th. Citigroup reduced their price target on DLocal from $17.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. The Goldman Sachs Group downgraded DLocal from a “buy” rating to a “neutral” rating and decreased their price target for the company from $16.00 to $8.00 in a report on Wednesday, June 26th. Bank of America raised their price objective on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, UBS Group upgraded shares of DLocal from a “sell” rating to a “neutral” rating and decreased their target price for the company from $13.00 to $9.00 in a research note on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, DLocal currently has a consensus rating of “Hold” and a consensus target price of $12.50.
View Our Latest Report on DLocal
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.
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