IQ EQ FUND MANAGEMENT IRELAND Ltd Grows Stake in DLocal Limited (NASDAQ:DLO)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of DLocal Limited (NASDAQ:DLO) by 24.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,639 shares of the company’s stock after acquiring an additional 3,101 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in DLocal were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fourth Sail Capital LP bought a new stake in shares of DLocal during the fourth quarter valued at approximately $14,783,000. Pertento Partners LLP grew its position in shares of DLocal by 14.2% during the 4th quarter. Pertento Partners LLP now owns 1,146,862 shares of the company’s stock worth $20,288,000 after buying an additional 142,864 shares in the last quarter. Thornburg Investment Management Inc. lifted its holdings in DLocal by 97.0% during the fourth quarter. Thornburg Investment Management Inc. now owns 375,575 shares of the company’s stock worth $6,644,000 after buying an additional 184,923 shares during the period. Zevenbergen Capital Investments LLC grew its position in shares of DLocal by 58.1% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 1,244,447 shares of the company’s stock worth $22,014,000 after buying an additional 457,122 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in DLocal in the fourth quarter valued at about $355,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Stock Down 0.3 %

Shares of NASDAQ:DLO traded down $0.03 during mid-day trading on Friday, hitting $8.95. 556,401 shares of the company traded hands, compared to its average volume of 1,682,143. The firm’s 50 day simple moving average is $7.95 and its 200 day simple moving average is $11.67. DLocal Limited has a 52-week low of $6.57 and a 52-week high of $23.00. 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 firm has a market cap of $2.65 billion, a P/E ratio of 20.41, a PEG ratio of 0.80 and a beta of 0.74.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DLO. Barclays lowered their target price on DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. UBS Group upgraded shares of DLocal from a “sell” rating to a “neutral” rating and reduced their target price for the company from $13.00 to $9.00 in a research report on Thursday, June 20th. Bank of America raised their target price on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Susquehanna lowered their price target on DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, August 15th. 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 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.