Empowered Funds LLC Increases Holdings in DLocal Limited (NASDAQ:DLO)

Empowered Funds LLC boosted its position in DLocal Limited (NASDAQ:DLO) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 47,407 shares of the company’s stock after purchasing an additional 2,989 shares during the period. Empowered Funds LLC’s holdings in DLocal were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new position in DLocal during the first quarter worth about $218,000. Artal Group S.A. boosted its holdings in shares of DLocal by 50.0% in the first quarter. Artal Group S.A. now owns 30,000 shares of the company’s stock worth $441,000 after acquiring an additional 10,000 shares during the period. Tempus Wealth Planning LLC purchased a new position in shares of DLocal in the second quarter valued at $131,000. Ridgewood Investments LLC raised its stake in shares of DLocal by 31.8% during the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after purchasing an additional 3,293 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in DLocal by 24.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after purchasing an additional 3,101 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

DLocal Stock Performance

DLocal stock opened at $11.35 on Tuesday. The firm has a fifty day simple moving average of $8.98 and a two-hundred day simple moving average of $8.62. DLocal Limited has a twelve month low of $6.57 and a twelve month high of $18.76. The company has a market capitalization of $3.36 billion, a PE ratio of 28.38, a P/E/G ratio of 3.18 and a beta of 0.74. The company has a quick ratio of 1.54, a current 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 for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Research analysts expect that DLocal Limited will post 0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DLO. Barclays lifted their target price on DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Bank of America boosted their price objective on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Finally, Susquehanna lowered their target price on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Seven equities 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, DLocal currently has an average rating of “Hold” and an average target price of $12.61.

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.