Krane Funds Advisors LLC Sells 2,452 Shares of DLocal Limited (NASDAQ:DLO)

Krane Funds Advisors LLC decreased its holdings in DLocal Limited (NASDAQ:DLO) by 16.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,638 shares of the company’s stock after selling 2,452 shares during the period. Krane Funds Advisors LLC’s holdings in DLocal were worth $101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DLO. Counterpoint Mutual Funds LLC purchased a new stake in shares of DLocal during the first quarter worth $253,000. Wasatch Advisors LP boosted its stake in DLocal by 9.6% in the 1st quarter. Wasatch Advisors LP now owns 3,938,147 shares of the company’s stock worth $57,891,000 after purchasing an additional 345,746 shares during the period. Baillie Gifford & Co. grew its holdings in DLocal by 55.5% during the 1st quarter. Baillie Gifford & Co. now owns 1,546,091 shares of the company’s stock valued at $22,728,000 after buying an additional 552,104 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of DLocal by 16.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 223,581 shares of the company’s stock valued at $3,369,000 after buying an additional 30,900 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of DLocal by 6.3% in the first quarter. GSA Capital Partners LLP now owns 63,258 shares of the company’s stock worth $930,000 after buying an additional 3,723 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

DLocal Stock Down 2.6 %

Shares of DLocal stock opened at $8.60 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.50. DLocal Limited has a 52-week low of $6.57 and a 52-week high of $19.45. The company’s 50 day moving average price is $8.56 and its 200-day moving average price is $9.60. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 4.26 and a beta of 0.76.

DLocal (NASDAQ:DLO) last posted its earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The company had revenue of $171.30 million during the quarter, compared to analyst estimates of $203.18 million. During the same period in the prior year, the business posted $0.15 earnings per share. DLocal’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts forecast that DLocal Limited will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DLO shares. Barclays decreased their price target on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. The Goldman Sachs Group downgraded shares of DLocal from a “buy” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $8.00 in a research note on Wednesday, June 26th. Susquehanna decreased their price target on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Finally, Bank of America raised their price objective on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.50.

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.