R Squared Ltd Invests $82,000 in DLocal Limited (NASDAQ:DLO)

R Squared Ltd acquired a new position in shares of DLocal Limited (NASDAQ:DLO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,310 shares of the company’s stock, valued at approximately $82,000.

A number of other hedge funds have also bought and sold shares of DLO. Squarepoint Ops LLC acquired a new position in DLocal in the second quarter valued at approximately $157,000. Millennium Management LLC lifted 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 acquiring an additional 387,762 shares during the period. Quarry LP boosted its stake in DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after acquiring an additional 3,599 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in DLocal by 2,014.9% in the second quarter. Point72 Asset Management L.P. now owns 105,320 shares of the company’s stock worth $852,000 after purchasing an additional 110,820 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in DLocal in the third quarter valued at $109,000. Institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

DLO has been the subject of several research reports. Susquehanna raised their target price on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday. Barclays increased their price target on DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, DLocal currently has an average rating of “Hold” and an average price target of $11.56.

DLocal Stock Performance

Shares of DLO opened at $13.20 on Friday. The stock has a 50 day moving average of $11.70 and a 200 day moving average of $9.64. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 3.13 and a beta of 0.87. DLocal Limited has a 12 month low of $6.57 and a 12 month high of $18.27. 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 earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $185.80 million for the quarter, compared to analysts’ expectations of $181.47 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side 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.