Main Management ETF Advisors LLC Takes $888,000 Position in DLocal Limited (NASDAQ:DLO)

Main Management ETF Advisors LLC acquired a new stake in shares of DLocal Limited (NASDAQ:DLO) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 110,968 shares of the company’s stock, valued at approximately $888,000.

Other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC grew its position in DLocal by 6.7% during the 3rd quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock worth $379,000 after acquiring an additional 2,989 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position 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 acquiring an additional 3,101 shares during the last quarter. Ridgewood Investments LLC grew its position in DLocal by 31.8% during the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after acquiring an additional 3,293 shares during the last quarter. Quarry LP grew its position in DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after acquiring an additional 3,599 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in DLocal by 5.3% during the 3rd quarter. Penserra Capital Management LLC now owns 124,287 shares of the company’s stock worth $994,000 after acquiring an additional 6,220 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DLO has been the topic of several recent research reports. Barclays raised their price target on DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Susquehanna reduced their price target on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research report on Thursday, August 15th. Finally, Bank of America increased their price objective on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, DLocal has a consensus rating of “Hold” and an average price target of $12.61.

DLocal Trading Up 5.4 %

NASDAQ DLO opened at $11.87 on Friday. The stock has a market cap of $3.51 billion, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 3.20 and a beta of 0.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a 50 day simple moving average of $9.56 and a two-hundred day simple moving average of $8.66. DLocal Limited has a fifty-two week low of $6.57 and a fifty-two week high of $18.76.

DLocal (NASDAQ:DLO) last released its earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. On average, analysts forecast that DLocal Limited will post 0.47 earnings per share for the current year.

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.