雅虎香港財經 Does DLocal Limited (DLO) Have the Ability to Deliver Strong Growth?
Baron Funds, an investment management company, released its “Baron International Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund gained 14.85% (Institutional Shares), and its principal benchmark MSCI ACWI ex USA Index, returned 14.28%. The MSCI ACWI ex USA IMI Growth Index gained 12.73% in the same period. The fund declined 27.29% in the year due to rising interest rates and deteriorating liquidity conditions. The primary benchmark retreated 16.00% and the MSCI ACWI ex USA IMI Growth Index lost 23.49% for the same period. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Baron International Growth Fund highlighted stocks like DLocal Limited (NASDAQ:DLO) in its Q4 2022 investor letter. Headquartered in Montevideo, Uruguay, DLocal Limited (NASDAQ:DLO) is a payment platform. On March 22, 2023, DLocal Limited (NASDAQ:DLO) stock closed at $15.45 per share. One-month return of DLocal Limited (NASDAQ:DLO) was 0.32%, and its shares lost 50.21% of their value over the last 52 weeks. DLocal Limited (NASDAQ:DLO) has a market capitalization of $4.573 billion.
Baron International Growth Fund made the following comment about DLocal Limited (NASDAQ:DLO) in its Q4 2022 investor letter:
"DLocal Limited (NASDAQ:DLO) is a Uruguay-based company that facilitates cross-border payments in EM. Shares declined after a prominent short seller published a report alleging the company was engaged in fraudulent activity. After conducting our own research and speaking extensively with management, we concluded the report’s allegations were baseless and its conclusions contained factual errors. The company has since issued a formal rebuttal and announced a share buyback program. We retain conviction in DLocal’s ability to deliver strong earnings growth."
DLocal Limited (NASDAQ:DLO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held DLocal Limited (NASDAQ:DLO) at the end of the fourth quarter which was 26 in the previous quarter.
We discussed DLocal Limited (NASDAQ:DLO) in another article and shared Baron Funds' views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
