Fox Run Management L.L.C. Purchases 17,976 Shares of DLocal Limited $DLO

Fox Run Management L.L.C. raised its position in shares of DLocal Limited (NASDAQ:DLO) by 61.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 47,325 shares of the company’s stock after purchasing an additional 17,976 shares during the period. Fox Run Management L.L.C.’s holdings in DLocal were worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DLO. Activest Wealth Management purchased a new stake in shares of DLocal in the second quarter worth $80,000. CWM LLC purchased a new stake in DLocal in the 2nd quarter worth $113,000. R Squared Ltd purchased a new stake in DLocal in the 2nd quarter worth $127,000. Caption Management LLC raised its holdings in DLocal by 164.7% during the first quarter. Caption Management LLC now owns 11,249 shares of the company’s stock valued at $94,000 after acquiring an additional 7,000 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of DLocal by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,658 shares of the company’s stock valued at $197,000 after acquiring an additional 2,375 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DLO. UBS Group upped their price objective on DLocal from $10.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Hsbc Global Res upgraded DLocal from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Truist Financial set a $15.00 price objective on shares of DLocal in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of DLocal from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, DLocal currently has an average rating of “Moderate Buy” and an average target price of $15.67.

DLocal Stock Performance

NASDAQ:DLO opened at $14.52 on Wednesday. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 30.25 and a beta of 1.13. DLocal Limited has a 1 year low of $7.61 and a 1 year high of $16.78. The stock’s 50 day simple moving average is $14.47 and its two-hundred day simple moving average is $12.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46.

DLocal (NASDAQ:DLO) last posted its earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. DLocal had a net margin of 16.90% and a return on equity of 36.85%. The firm had revenue of $256.50 million during the quarter, compared to analyst estimates of $226.71 million. During the same period last year, the firm posted $0.15 earnings per share. DLocal’s revenue for the quarter was up 49.7% compared to the same quarter last year. As a group, equities analysts anticipate that DLocal Limited will post 0.47 earnings per share for the current fiscal 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.