Tower Research Capital LLC TRC Sells 11,460 Shares of DLocal Limited (NASDAQ:DLO)

Tower Research Capital LLC TRC trimmed its stake in DLocal Limited (NASDAQ:DLO) by 87.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,677 shares of the company’s stock after selling 11,460 shares during the period. Tower Research Capital LLC TRC’s holdings in DLocal were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Alkeon Capital Management LLC grew its position in DLocal by 77.8% during the third quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company’s stock valued at $102,948,000 after acquiring an additional 2,350,000 shares during the last quarter. Polen Capital Management LLC grew its position in DLocal by 13.9% during the third quarter. Polen Capital Management LLC now owns 1,923,273 shares of the company’s stock valued at $36,869,000 after acquiring an additional 234,772 shares during the last quarter. Zevenbergen Capital Investments LLC boosted its stake in shares of DLocal by 58.1% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 1,244,447 shares of the company’s stock valued at $22,014,000 after purchasing an additional 457,122 shares during the period. Pertento Partners LLP boosted its stake in shares of DLocal by 14.2% during the fourth quarter. Pertento Partners LLP now owns 1,146,862 shares of the company’s stock valued at $20,288,000 after purchasing an additional 142,864 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in shares of DLocal by 79.5% during the fourth quarter. Baillie Gifford & Co. now owns 993,987 shares of the company’s stock valued at $17,584,000 after purchasing an additional 440,259 shares during the period. 90.13% of the stock is currently owned by institutional investors.

DLocal Trading Up 1.5 %

DLO stock traded up $0.21 on Friday, reaching $14.25. The company’s stock had a trading volume of 808,952 shares, compared to its average volume of 848,332. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market cap of $4.22 billion, a PE ratio of 29.08, a PEG ratio of 0.93 and a beta of 0.94. The business has a fifty day simple moving average of $15.77 and a two-hundred day simple moving average of $16.82. DLocal Limited has a 12-month low of $9.04 and a 12-month high of $24.22.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $188.01 million for the quarter, compared to analysts’ expectations of $169.85 million. DLocal had a net margin of 22.92% and a return on equity of 40.57%. As a group, research analysts forecast that DLocal Limited will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DLO. Barclays dropped their price objective on DLocal from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, March 21st. HSBC dropped their price objective on DLocal from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, April 5th. The Goldman Sachs Group dropped their price objective on DLocal from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th. New Street Research raised DLocal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $24.00 in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. dropped their price target on DLocal from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, DLocal currently has a consensus rating of “Hold” and a consensus price target of $18.38.

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.