Polen Capital Management LLC Sells 359,923 Shares of DLocal Limited (NASDAQ:DLO)

Polen Capital Management LLC reduced its position in shares of DLocal Limited (NASDAQ:DLO) by 36.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 627,360 shares of the company’s stock after selling 359,923 shares during the quarter. Polen Capital Management LLC’s holdings in DLocal were worth $7,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DLO. Aigen Investment Management LP purchased a new position in DLocal during the 3rd quarter worth $152,000. Empowered Funds LLC increased its holdings in DLocal by 6.7% during the 3rd quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock worth $379,000 after purchasing an additional 2,989 shares during the period. Penserra Capital Management LLC increased its holdings in DLocal by 5.3% during the 3rd quarter. Penserra Capital Management LLC now owns 124,287 shares of the company’s stock worth $994,000 after purchasing an additional 6,220 shares during the period. PEAK6 Investments LLC purchased a new position in DLocal during the 3rd quarter worth $488,000. Finally, PDT Partners LLC increased its holdings in DLocal by 1,430.1% during the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock worth $2,877,000 after purchasing an additional 336,131 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays reduced their price objective on DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Morgan Stanley reiterated an “equal weight” rating and issued a $10.00 price target (down from $11.00) on shares of DLocal in a report on Friday, February 28th. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. The Goldman Sachs Group lifted their price target on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Susquehanna lifted their price target on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.94.

DLocal Stock Up 4.7 %

DLocal stock opened at $8.62 on Monday. 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 stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 3.09 and a beta of 0.96. DLocal Limited has a 1-year low of $6.57 and a 1-year high of $18.27. The business has a fifty day moving average price of $11.78 and a 200-day moving average price of $10.45.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $204.49 million during the quarter, compared to analysts’ expectations of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. Equities research analysts forecast that DLocal Limited will post 0.47 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.