Mirae Asset Global Investments Co. Ltd. Cuts Stake in DLocal Limited (NASDAQ:DLO)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of DLocal Limited (NASDAQ:DLO) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,681 shares of the company’s stock after selling 11,829 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of DLocal worth $3,409,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DLO. Alkeon Capital Management LLC lifted its stake in shares of DLocal by 77.8% in the 3rd quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company’s stock valued at $102,948,000 after purchasing an additional 2,350,000 shares during the last quarter. Millennium Management LLC lifted its stake in shares of DLocal by 866.2% in the 4th quarter. Millennium Management LLC now owns 2,297,363 shares of the company’s stock valued at $35,770,000 after purchasing an additional 2,059,580 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in shares of DLocal by 53.0% in the 1st quarter. Wasatch Advisors Inc. now owns 4,086,240 shares of the company’s stock valued at $127,736,000 after purchasing an additional 1,415,016 shares during the last quarter. Eventide Asset Management LLC lifted its stake in shares of DLocal by 27.8% in the 2nd quarter. Eventide Asset Management LLC now owns 5,699,607 shares of the company’s stock valued at $69,564,000 after purchasing an additional 1,238,463 shares during the last quarter. Finally, Mangrove Partners bought a new stake in shares of DLocal in the 4th quarter valued at approximately $16,268,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Stock Performance

NASDAQ DLO opened at $15.62 on Thursday. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 1.02 and a beta of 0.96. DLocal Limited has a twelve month low of $9.04 and a twelve month high of $24.22. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $16.27 and a 200 day moving average of $17.18.

DLocal (NASDAQ:DLO) last posted 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). DLocal had a return on equity of 40.57% and a net margin of 22.92%. The firm had revenue of $188.01 million for the quarter, compared to analysts’ expectations of $169.85 million. Sell-side analysts anticipate that DLocal Limited will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DLO shares. JPMorgan Chase & Co. lowered their price objective on DLocal from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. Susquehanna decreased their price target on DLocal from $24.00 to $21.00 and set a “positive” rating for the company in a research note on Tuesday, March 19th. Barclays decreased their price target 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. The Goldman Sachs Group decreased their price target on DLocal from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th. Finally, New Street Research raised DLocal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $24.00 in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.13.

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.