DLocal Limited (NASDAQ:DLO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in DLocal Limited (NASDAQ:DLO) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 270,530 shares of the company’s stock after selling 23,818 shares during the quarter. Geode Capital Management LLC owned 0.09% of DLocal worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of DLO. Sylebra Capital LLC purchased a new stake in DLocal during the second quarter valued at about $13,565,000. Fourth Sail Capital LP lifted its stake in DLocal by 60.8% during the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock valued at $19,398,000 after buying an additional 906,561 shares in the last quarter. Millennium Management LLC increased 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 valued at $5,212,000 after purchasing an additional 387,762 shares during the period. PDT Partners LLC increased its holdings in shares of DLocal by 1,430.1% in the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock valued at $2,877,000 after purchasing an additional 336,131 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of DLocal by 180.8% in the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock valued at $2,176,000 after purchasing an additional 175,116 shares during the period. 90.13% of the stock is owned by institutional investors and hedge funds.

DLocal Trading Down 1.0 %

Shares of DLO stock opened at $11.64 on Wednesday. DLocal Limited has a 12 month low of $6.57 and a 12 month high of $18.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $10.77 and its two-hundred day moving average is $9.15. The company has a market cap of $3.45 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 3.36 and a beta of 0.87.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $185.80 million for the quarter, compared to the consensus estimate of $181.47 million. During the same quarter last year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts predict that DLocal Limited will post 0.47 EPS for the current year.

Analysts Set New Price Targets

Separately, Barclays upped their target price on DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, DLocal currently has an average rating of “Hold” and an average price target of $12.61.

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.