13,600 Shares in DLocal Limited (NASDAQ:DLO) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of DLocal Limited (NASDAQ:DLO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,600 shares of the company’s stock, valued at approximately $109,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLO. Point72 Asset Management L.P. grew its stake in shares of DLocal by 2,014.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 105,320 shares of the company’s stock valued at $852,000 after buying an additional 110,820 shares during the period. Sylebra Capital LLC purchased a new stake in DLocal during the second quarter valued at about $13,565,000. Quarry LP increased its stake in DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after acquiring an additional 3,599 shares during the last quarter. Millennium Management LLC raised its holdings in shares of DLocal by 151.2% in the 2nd quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock worth $5,212,000 after purchasing an additional 387,762 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of DLocal in the 2nd quarter valued at about $157,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Price Performance

Shares of DLO stock opened at $8.39 on Friday. The firm has a fifty day simple moving average of $8.64 and a 200-day simple moving average of $9.04. The company has a market capitalization of $2.48 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 3.81 and a beta of 0.74. DLocal Limited has a twelve month low of $6.57 and a twelve month high of $19.45. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01.

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 return on equity of 34.35% and a net margin of 18.76%. 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. The company’s revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that DLocal Limited will post 0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on DLO. Susquehanna dropped their target price on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, August 15th. Bank of America raised their target price on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Finally, 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 report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

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.