Geode Capital Management LLC Sells 23,818 Shares of DLocal Limited (NASDAQ:DLO)

Geode Capital Management LLC trimmed its holdings in DLocal Limited (NASDAQ:DLO) by 8.1% in the 3rd quarter, Holdings Channel reports. The fund owned 270,530 shares of the company’s stock after selling 23,818 shares during the quarter. Geode Capital Management LLC’s holdings in DLocal were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DLO. Sylebra Capital LLC bought a new stake in shares of DLocal in the second quarter valued at approximately $13,565,000. Fourth Sail Capital LP boosted its position in shares of DLocal by 60.8% in the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock valued at $19,398,000 after acquiring an additional 906,561 shares during the period. Millennium Management LLC boosted its position in shares of DLocal by 151.2% in the second quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after acquiring an additional 387,762 shares during the period. PDT Partners LLC boosted its position in shares of DLocal by 1,430.1% in the third quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock valued at $2,877,000 after acquiring an additional 336,131 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of DLocal by 180.8% in the third quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock valued at $2,176,000 after acquiring an additional 175,116 shares during the period. 90.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

DLocal Stock Down 1.0 %

Shares of NASDAQ DLO opened at $11.64 on Wednesday. The stock has a market cap of $3.45 billion, a PE ratio of 29.10, a PEG ratio of 3.36 and a beta of 0.87. The business has a fifty day moving average of $10.77 and a two-hundred day moving average of $9.15. DLocal Limited has a 52-week low of $6.57 and a 52-week high of $18.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the business earned $0.16 earnings per share. As a group, equities research analysts expect that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

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.