Baillie Gifford & Co. Sells 302,100 Shares of DLocal Limited (NASDAQ:DLO)

Baillie Gifford & Co. cut its position in DLocal Limited (NASDAQ:DLO) by 19.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,243,991 shares of the company’s stock after selling 302,100 shares during the quarter. Baillie Gifford & Co. owned about 0.42% of DLocal worth $10,064,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of DLocal by 24.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company’s stock worth $78,000 after buying an additional 870 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in DLocal during the first quarter worth approximately $152,000. Newfoundland Capital Management bought a new stake in shares of DLocal during the fourth quarter worth approximately $212,000. B. Riley Wealth Advisors Inc. acquired a new stake in DLocal during the 1st quarter worth approximately $218,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in DLocal in the 1st quarter valued at $253,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Price Performance

Shares of DLO traded down $0.20 during mid-day trading on Friday, reaching $8.52. The company had a trading volume of 1,015,077 shares, compared to its average volume of 1,708,694. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 0.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.61. The company’s 50 day simple moving average is $7.86 and its 200 day simple moving average is $11.85. DLocal Limited has a 1-year low of $6.57 and a 1-year high of $23.00.

DLocal (NASDAQ:DLO) last issued its earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DLocal had a net margin of 18.83% and a return on equity of 35.20%. The firm had revenue of $171.30 million for the quarter, compared to analyst estimates of $203.18 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that DLocal Limited will post 0.44 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America lifted their target price on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Susquehanna cut their price objective on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, August 15th. UBS Group raised shares of DLocal from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $13.00 to $9.00 in a report on Thursday, June 20th. Barclays cut their price target 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. Finally, Citigroup decreased their price target on DLocal from $17.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, June 5th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.50.

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.