Baillie Gifford & Co. Buys 1,360,183 Shares of DLocal Limited (NASDAQ:DLO)

Baillie Gifford & Co. increased its holdings in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 108.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,613,514 shares of the company's stock after acquiring an additional 1,360,183 shares during the period. Baillie Gifford & Co. owned about 0.88% of DLocal worth $29,428,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DLO. GSA Capital Partners LLP lifted its stake in shares of DLocal by 180.8% in the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company's stock valued at $2,176,000 after purchasing an additional 175,116 shares during the period. PEAK6 Investments LLC acquired a new position in shares of DLocal in the 3rd quarter valued at $488,000. JPMorgan Chase & Co. lifted its stake in shares of DLocal by 132.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company's stock valued at $3,946,000 after purchasing an additional 280,607 shares during the period. Centiva Capital LP lifted its stake in shares of DLocal by 317.8% in the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company's stock valued at $756,000 after purchasing an additional 71,892 shares during the period. Finally, State Street Corp lifted its stake in shares of DLocal by 1.4% in the 3rd quarter. State Street Corp now owns 511,252 shares of the company's stock valued at $4,090,000 after purchasing an additional 6,992 shares during the period. 90.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DLO. Susquehanna raised their price objective on DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Barclays raised their price objective on DLocal from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group raised their price objective on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, DLocal currently has an average rating of "Hold" and a consensus price target of $11.81.

DLocal Stock Down 2.3 %

DLO stock traded down $0.29 during trading hours on Friday, reaching $12.60. 2,502,299 shares of the stock were exchanged, compared to its average volume of 941,991. The firm's 50-day moving average is $12.19 and its 200-day moving average is $10.21. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 3.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. DLocal Limited has a 12 month low of $6.57 and a 12 month high of $18.27.

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.