Penserra Capital Management LLC Sells 6,316 Shares of DLocal Limited $DLO

Penserra Capital Management LLC decreased its stake in DLocal Limited (NASDAQ:DLO) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,436 shares of the company’s stock after selling 6,316 shares during the period. Penserra Capital Management LLC’s holdings in DLocal were worth $1,275,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Activest Wealth Management purchased a new position in DLocal in the second quarter worth $80,000. Caption Management LLC lifted its stake in DLocal by 164.7% during the first quarter. Caption Management LLC now owns 11,249 shares of the company’s stock worth $94,000 after purchasing an additional 7,000 shares during the last quarter. CWM LLC purchased a new position in shares of DLocal in the 2nd quarter worth about $113,000. R Squared Ltd bought a new position in shares of DLocal during the 2nd quarter valued at about $127,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of DLocal by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,658 shares of the company’s stock valued at $197,000 after purchasing an additional 2,375 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. The Goldman Sachs Group set a $19.00 target price on DLocal and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Morgan Stanley set a $15.00 price objective on shares of DLocal in a report on Thursday, August 14th. Citigroup upped their price objective on shares of DLocal from $14.60 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. HSBC upgraded shares of DLocal from a “hold” rating to a “buy” rating and lifted their target price for the stock from $11.50 to $15.00 in a research report on Thursday, August 14th. Finally, UBS Group increased their target price on DLocal from $10.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.67.

DLocal Stock Performance

DLocal stock opened at $14.16 on Tuesday. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 29.50 and a beta of 1.13. The stock’s 50 day simple moving average is $14.47 and its two-hundred day simple moving average is $12.32. DLocal Limited has a fifty-two week low of $7.61 and a fifty-two week high of $16.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $256.50 million during the quarter, compared to the consensus estimate of $226.71 million. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The firm’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 earnings per share. DLocal has set its FY 2025 guidance at EPS. As a group, analysts expect that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

About DLocal

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.