21,300 Shares in DLocal Limited (NASDAQ:DLO) Bought by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. bought a new stake in shares of DLocal Limited (NASDAQ:DLO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,300 shares of the company’s stock, valued at approximately $170,000.

Other hedge funds have also modified their holdings of the company. Fourth Sail Capital LP boosted its stake in DLocal by 60.8% in the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after purchasing an additional 906,561 shares during the period. Sylebra Capital LLC purchased a new position in shares of DLocal during the second quarter valued at $13,565,000. Baillie Gifford & Co. raised its position in DLocal by 55.5% during the first quarter. Baillie Gifford & Co. now owns 1,546,091 shares of the company’s stock valued at $22,728,000 after buying an additional 552,104 shares during the period. Zevenbergen Capital Investments LLC lifted its stake in DLocal by 5.8% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 1,316,481 shares of the company’s stock worth $19,352,000 after acquiring an additional 72,034 shares in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in DLocal during the 1st quarter worth about $9,949,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLO has been the subject of a number of research analyst reports. Bank of America increased their price target on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Barclays cut their target price on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Finally, Susquehanna lowered their price target on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.50.

DLocal Stock Down 4.4 %

DLO stock opened at $8.69 on Wednesday. The firm has a market cap of $2.57 billion, a PE ratio of 19.75, a PEG ratio of 4.26 and a beta of 0.76. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $19.45. The company has a fifty day simple moving average of $8.64 and a 200 day simple moving average of $9.28. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $171.30 million during the quarter, compared to analysts’ expectations of $203.18 million. DLocal had a return on equity of 34.35% and a net margin of 18.76%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Sell-side analysts anticipate that DLocal Limited will post 0.42 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.