DLocal Limited (NASDAQ:DLO) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its holdings in shares of DLocal Limited (NASDAQ:DLO) by 87.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,677 shares of the company’s stock after selling 11,460 shares during the period. Tower Research Capital LLC TRC’s holdings in DLocal were worth $30,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DLO. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of DLocal in the 3rd quarter valued at $67,000. Citigroup Inc. increased its position in shares of DLocal by 24.5% in the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock valued at $134,000 after acquiring an additional 1,378 shares during the period. OneAscent Wealth Management LLC acquired a new position in shares of DLocal in the 4th quarter valued at $185,000. Newfoundland Capital Management acquired a new position in shares of DLocal in the 4th quarter valued at $212,000. Finally, OneAscent Financial Services LLC acquired a new position in shares of DLocal in the 4th quarter valued at $234,000. 90.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on DLO. Barclays lowered their price target on shares of DLocal from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on shares of DLocal from $17.50 to $17.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. New Street Research raised shares of DLocal from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $24.00 in a report on Tuesday, January 9th. Citigroup began coverage on shares of DLocal in a report on Friday, April 19th. They issued a “neutral” rating and a $17.00 price target on the stock. Finally, Susquehanna lowered their price target on shares of DLocal from $24.00 to $21.00 and set a “positive” rating on the stock in a report on Tuesday, March 19th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.38.

DLocal Price Performance

Shares of DLO stock traded up $0.21 during mid-day trading on Friday, hitting $14.25. 808,952 shares of the stock were exchanged, compared to its average volume of 848,332. The firm has a fifty day moving average of $15.77 and a 200 day moving average of $16.82. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. DLocal Limited has a 52-week low of $9.04 and a 52-week high of $24.22. The company has a market cap of $4.22 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 0.93 and a beta of 0.94.

DLocal (NASDAQ:DLO) last posted its earnings results on Monday, March 18th. The company reported $0.14 earnings per share (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. Research analysts anticipate that DLocal Limited will post 0.59 earnings per share for the current 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.