JPMorgan Chase & Co. Acquires 280,607 Shares of DLocal Limited (NASDAQ:DLO)

JPMorgan Chase & Co. increased its holdings in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 132.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 493,189 shares of the company's stock after buying an additional 280,607 shares during the quarter. JPMorgan Chase & Co. owned 0.17% of DLocal worth $3,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DLO. Main Management ETF Advisors LLC acquired a new stake in DLocal during the 3rd quarter worth about $888,000. State Street Corp lifted its position in shares of DLocal by 1.4% in the third quarter. State Street Corp now owns 511,252 shares of the company's stock worth $4,090,000 after purchasing an additional 6,992 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of DLocal by 22.3% during the third quarter. Point72 Asset Management L.P. now owns 128,800 shares of the company's stock worth $1,030,000 after purchasing an additional 23,480 shares during the period. Centiva Capital LP grew its position in DLocal by 317.8% during the third 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 in the last quarter. Finally, PDT Partners LLC increased its stake in DLocal by 1,430.1% in the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company's stock valued at $2,877,000 after buying an additional 336,131 shares during the period. Hedge funds and other institutional investors own 90.13% of the company's stock.

DLocal Price Performance

DLocal stock traded up $0.22 during trading hours on Friday, hitting $11.81. 632,332 shares of the stock were exchanged, compared to its average volume of 918,214. The stock has a market capitalization of $3.50 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.69 and a beta of 0.87. The business's 50-day moving average is $11.23 and its two-hundred day moving average is $9.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal Limited has a 12 month low of $6.57 and a 12 month high of $18.27.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $185.80 million for the quarter, compared to analyst estimates of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. DLocal's revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 EPS. Equities research analysts expect that DLocal Limited will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays lifted their target price on shares of DLocal from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $11.31.

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.