PDT Partners LLC Grows Position in DLocal Limited (NASDAQ:DLO)

PDT Partners LLC grew its stake in DLocal Limited (NASDAQ:DLO) by 1,430.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,635 shares of the company’s stock after buying an additional 336,131 shares during the quarter. PDT Partners LLC owned approximately 0.12% of DLocal worth $2,877,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DLO. GSA Capital Partners LLP grew its stake in shares of DLocal by 180.8% during the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock valued at $2,176,000 after acquiring an additional 175,116 shares during the period. Fourth Sail Capital LP boosted its position in shares of DLocal by 60.8% in the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after purchasing an additional 906,561 shares during the period. Squarepoint Ops LLC bought a new position in shares of DLocal in the second quarter worth approximately $157,000. Sylebra Capital LLC purchased a new stake in shares of DLocal in the second quarter worth $13,565,000. Finally, Millennium Management LLC raised its position in shares of DLocal by 151.2% during the 2nd quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after purchasing an additional 387,762 shares during the period. Institutional investors own 90.13% of the company’s stock.

DLocal Trading Up 0.4 %

Shares of DLO stock opened at $11.44 on Friday. The stock’s 50-day moving average price is $9.21 and its 200-day moving average price is $8.63. DLocal Limited has a 12-month low of $6.57 and a 12-month high of $18.76. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 3.29 and a beta of 0.74. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $185.80 million for the quarter, compared to the consensus estimate of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. Equities research analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on DLO. Barclays upped their target price on shares of DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Bank of America upped their price objective on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, Susquehanna decreased their target price on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.61.

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.