Duality Advisers LP Purchases Shares of 30,541 DLocal Limited (NASDAQ:DLO)

Duality Advisers LP bought a new position in shares of DLocal Limited (NASDAQ:DLO) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 30,541 shares of the company’s stock, valued at approximately $540,000.

A number of other hedge funds also recently modified their holdings of the stock. Fred Alger Management LLC lifted its stake in shares of DLocal by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 324,324 shares of the company’s stock worth $6,217,000 after buying an additional 858 shares during the last quarter. Citigroup Inc. lifted its stake in shares of DLocal by 24.5% during the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after buying an additional 1,378 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of DLocal during the 3rd quarter worth about $67,000. Renaissance Capital LLC lifted its stake in shares of DLocal by 11.3% during the 4th quarter. Renaissance Capital LLC now owns 58,296 shares of the company’s stock worth $1,031,000 after buying an additional 5,921 shares during the last quarter. Finally, Pearl River Capital LLC raised its stake in DLocal by 10.1% in the 3rd quarter. Pearl River Capital LLC now owns 75,327 shares of the company’s stock worth $1,444,000 after purchasing an additional 6,900 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. HSBC dropped their price objective on shares of DLocal from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Susquehanna dropped their price objective on shares of DLocal from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, March 19th. JPMorgan Chase & Co. dropped their price objective on shares of DLocal from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. The Goldman Sachs Group dropped their price objective on shares of DLocal from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th. Finally, New Street Research upgraded shares of DLocal from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $24.00 in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, DLocal presently has an average rating of “Hold” and an average target price of $18.38.

DLocal Price Performance

DLO stock opened at $14.28 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. DLocal Limited has a 12 month low of $9.04 and a 12 month high of $24.22. The firm has a market cap of $4.23 billion, a P/E ratio of 29.14, a P/E/G ratio of 0.95 and a beta of 0.96. The company’s 50-day moving average price is $16.01 and its two-hundred day moving average price is $17.01.

DLocal (NASDAQ:DLO) last released its earnings results on Monday, March 18th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). DLocal had a net margin of 22.92% and a return on equity of 40.57%. The firm had revenue of $188.01 million during the quarter, compared to the consensus estimate of $169.85 million. On average, analysts anticipate that DLocal Limited will post 0.59 earnings per share 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.