Polen Capital Management LLC Trims Stock Holdings in DLocal Limited (NASDAQ:DLO)

Polen Capital Management LLC lowered its holdings in shares of DLocal Limited (NASDAQ:DLO) by 36.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 627,360 shares of the company’s stock after selling 359,923 shares during the quarter. Polen Capital Management LLC owned approximately 0.21% of DLocal worth $7,064,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DLO. Aigen Investment Management LP purchased a new stake in shares of DLocal during the third quarter worth about $152,000. Empowered Funds LLC grew its position in shares of DLocal by 6.7% during the third quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock worth $379,000 after purchasing an additional 2,989 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of DLocal by 5.3% during the third 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 in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of DLocal during the third quarter worth about $488,000. Finally, PDT Partners LLC grew its position in shares of DLocal by 1,430.1% during the third 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 in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

NASDAQ:DLO opened at $8.62 on Monday. The firm 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 50 day simple moving average of $11.78 and a 200-day simple moving average of $10.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share (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 business had revenue of $204.49 million during the quarter, compared to analyst estimates of $204.98 million. Equities analysts forecast that DLocal Limited will post 0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Susquehanna increased their price target on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley reissued an “equal weight” rating and set a $10.00 price target (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. Barclays dropped their price target on DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group increased their price target on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Seven research 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, DLocal presently has a consensus rating of “Hold” and a consensus price target of $11.94.

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.