Marshall Wace LLP Sells 328,907 Shares of DLocal Limited (NASDAQ:DLO)

Marshall Wace LLP trimmed its holdings in DLocal Limited (NASDAQ:DLO) by 16.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,697,225 shares of the company’s stock after selling 328,907 shares during the quarter. Marshall Wace LLP’s holdings in DLocal were worth $19,111,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after purchasing an additional 1,797 shares during the last quarter. Activest Wealth Management lifted its position in shares of DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after buying an additional 2,656 shares during the last quarter. R Squared Ltd bought a new stake in shares of DLocal during the 4th quarter worth about $82,000. Virtu Financial LLC acquired a new position in shares of DLocal during the 4th quarter valued at about $142,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of DLocal in the 4th quarter valued at approximately $233,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Up 1.2 %

Shares of DLO opened at $8.70 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The company has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $10.49. DLocal Limited has a 52 week low of $6.57 and a 52 week high of $14.93. The firm has a market capitalization of $2.58 billion, a P/E ratio of 21.75, a P/E/G ratio of 3.09 and a beta of 0.99.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $204.49 million during the quarter, compared to analysts’ expectations of $204.98 million. On average, equities research analysts expect that DLocal Limited will post 0.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upped their target price on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Barclays lowered their target price on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Susquehanna boosted their target price on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and upped their price target for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, DLocal currently has an average rating of “Hold” and an average price target of $11.31.

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.