DLocal Limited (NASDAQ:DLO) Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC decreased its position in DLocal Limited (NASDAQ:DLO) by 2.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 304,889 shares of the company’s stock after selling 8,819 shares during the period. Fred Alger Management LLC’s holdings in DLocal were worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP grew its position in shares of DLocal by 9.6% during the 1st quarter. Wasatch Advisors LP now owns 3,938,147 shares of the company’s stock valued at $57,891,000 after buying an additional 345,746 shares during the last quarter. Fourth Sail Capital LP boosted its stake in 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. Baillie Gifford & Co. grew its holdings in shares of DLocal by 55.5% during the first quarter. Baillie Gifford & Co. now owns 1,546,091 shares of the company’s stock valued at $22,728,000 after purchasing an additional 552,104 shares during the last quarter. Zevenbergen Capital Investments LLC raised its position in shares of DLocal by 5.8% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 1,316,481 shares of the company’s stock worth $19,352,000 after purchasing an additional 72,034 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in shares of DLocal by 12.9% in 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 last quarter. 90.13% of the stock is currently owned by institutional investors.

DLocal Trading Down 0.6 %

DLocal stock opened at $7.94 on Friday. DLocal Limited has a 12-month low of $6.57 and a 12-month high of $19.99. 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 stock has a market capitalization of $2.35 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 3.75 and a beta of 0.77. The firm has a 50 day simple moving average of $8.13 and a 200-day simple moving average of $10.54.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DLocal had a return on equity of 34.35% and a net margin of 18.76%. The firm had revenue of $171.30 million during the quarter, compared to analyst estimates of $203.18 million. During the same period last year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts expect that DLocal Limited will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DLO has been the subject of a number of recent research reports. Barclays lowered their price objective on DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. The Goldman Sachs Group lowered shares of DLocal from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $16.00 to $8.00 in a research report on Wednesday, June 26th. Susquehanna dropped their price objective on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Bank of America boosted 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, Citigroup dropped their price target on shares of DLocal from $17.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.50.

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.