Canada Pension Plan Investment Board Buys New Stake in DLocal Limited (NASDAQ:DLO)

Canada Pension Plan Investment Board purchased a new position in shares of DLocal Limited (NASDAQ:DLO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,229,033 shares of the company's stock, valued at approximately $25,099,000. Canada Pension Plan Investment Board owned approximately 0.75% of DLocal as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock worth $25,000 after purchasing an additional 1,797 shares in the last quarter. Activest Wealth Management boosted its stake in shares of DLocal by 265,600.0% during the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company's stock worth $30,000 after purchasing an additional 2,656 shares during the last quarter. R Squared Ltd purchased a new stake in shares of DLocal during the fourth quarter worth about $82,000. Virtu Financial LLC purchased a new stake in shares of DLocal during the fourth quarter worth about $142,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of DLocal in the fourth quarter valued at approximately $233,000. 90.13% of the stock is owned by institutional investors and hedge funds.

DLocal Stock Performance

DLocal stock opened at $8.70 on Friday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 3.09 and a beta of 0.99. DLocal Limited has a 12 month low of $6.57 and a 12 month high of $14.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The stock's 50-day moving average is $9.89 and its 200-day moving average is $10.49.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting analysts' consensus estimates of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $204.49 million for the quarter, compared to analysts' expectations of $204.98 million. Equities analysts anticipate that DLocal Limited will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

DLO has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and issued a $10.00 target price (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. The Goldman Sachs Group lifted their price objective on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Barclays dropped their target price on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Susquehanna lifted their price target on DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $11.31.

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.

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