Main Management ETF Advisors LLC Has $1.15 Million Position in DLocal Limited (NASDAQ:DLO)

Main Management ETF Advisors LLC cut its stake in DLocal Limited (NASDAQ:DLO) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,816 shares of the company’s stock after selling 9,152 shares during the quarter. Main Management ETF Advisors LLC’s holdings in DLocal were worth $1,146,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Azora Capital LP bought a new position in DLocal in the 4th quarter valued at about $37,144,000. Baillie Gifford & Co. grew its position in shares of DLocal by 108.5% in the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock valued at $29,428,000 after purchasing an additional 1,360,183 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of DLocal during the fourth quarter worth approximately $25,099,000. J. Goldman & Co LP lifted its holdings in DLocal by 175.5% during the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock worth $15,214,000 after purchasing an additional 860,681 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in DLocal by 82.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company’s stock worth $11,125,000 after purchasing an additional 445,549 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on DLO. JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. The Goldman Sachs Group boosted their target price on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Barclays lowered their price target on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Susquehanna boosted their price objective on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.31.

DLocal Trading Up 2.7%

DLO opened at $9.85 on Wednesday. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 3.09 and a beta of 0.97. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal Limited has a twelve month low of $6.57 and a twelve month high of $14.26. The company has a 50-day simple moving average of $8.84 and a 200 day simple moving average of $10.50.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $204.49 million during the quarter, compared to analysts’ expectations of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. Analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.

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.