Millennium Management LLC Boosts Stock Holdings in DLocal Limited (NASDAQ:DLO)

Millennium Management LLC grew its position in shares of DLocal Limited (NASDAQ:DLO) by 151.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 644,237 shares of the company’s stock after buying an additional 387,762 shares during the period. Millennium Management LLC’s holdings in DLocal were worth $5,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DLO. Fourth Sail Capital LP grew its stake in DLocal by 78.4% in the 1st quarter. Fourth Sail Capital LP now owns 1,491,209 shares of the company’s stock valued at $21,921,000 after acquiring an additional 655,548 shares during the period. Baillie Gifford & Co. boosted its stake in DLocal by 55.5% during the 1st quarter. Baillie Gifford & Co. now owns 1,546,091 shares of the company’s stock worth $22,728,000 after purchasing an additional 552,104 shares during the last quarter. Wasatch Advisors LP boosted its stake in DLocal by 9.6% during the 1st quarter. Wasatch Advisors LP now owns 3,938,147 shares of the company’s stock worth $57,891,000 after purchasing an additional 345,746 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in DLocal during the 1st quarter worth $152,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in DLocal by 16.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 223,581 shares of the company’s stock worth $3,369,000 after purchasing an additional 30,900 shares during the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Stock Up 0.2 %

Shares of DLO opened at $9.29 on Friday. The firm has a market cap of $2.75 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 4.26 and a beta of 0.76. DLocal Limited has a 12-month low of $6.57 and a 12-month high of $19.45. The company’s 50-day moving average price is $8.37 and its 200 day moving average price is $9.94. 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 issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $171.30 million for the quarter, compared to analyst estimates of $203.18 million. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, sell-side analysts forecast that DLocal Limited will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Susquehanna lowered their target price on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. The Goldman Sachs Group cut shares of DLocal from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $8.00 in a research note on Wednesday, June 26th. Barclays lowered their price target on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Bank of America boosted their price target on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Finally, UBS Group raised shares of DLocal from a “sell” rating to a “neutral” rating and lowered their price target for the company from $13.00 to $9.00 in a research report on Thursday, June 20th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.