DLocal Limited (NASDAQ:DLO) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC cut its stake in shares of DLocal Limited (NASDAQ:DLO) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,796 shares of the company’s stock after selling 1,858 shares during the quarter. Ridgewood Investments LLC’s holdings in DLocal were worth $133,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DLO. Fourth Sail Capital LP grew 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 valued at $19,398,000 after acquiring an additional 906,561 shares during the last quarter. Sylebra Capital LLC acquired a new stake in shares of DLocal during the 2nd quarter worth about $13,565,000. Baillie Gifford & Co. boosted its stake in shares of DLocal by 0.8% during the 3rd quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock worth $10,027,000 after purchasing an additional 9,340 shares during the last quarter. Millennium Management LLC boosted its stake in shares of DLocal by 151.2% during the 2nd quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock worth $5,212,000 after purchasing an additional 387,762 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of DLocal by 1.4% during the 3rd quarter. State Street Corp now owns 511,252 shares of the company’s stock worth $4,090,000 after purchasing an additional 6,992 shares during the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

DLocal Trading Down 1.7 %

Shares of DLO stock opened at $11.23 on Friday. The firm has a market cap of $3.32 billion, a P/E ratio of 28.08, a PEG ratio of 3.36 and a beta of 0.87. DLocal Limited has a 1-year low of $6.57 and a 1-year high of $18.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The firm’s 50-day simple moving average is $10.93 and its 200-day simple moving average is $9.21.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $185.80 million for the quarter, compared to analyst estimates of $181.47 million. During the same period in the prior year, the firm posted $0.16 EPS. The company’s revenue was up 13.4% on a year-over-year basis. As a group, equities analysts forecast that DLocal Limited will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price target on shares of DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.19.

DLocal 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.