Mirabella Financial Services LLP acquired a new position in shares of DLocal Limited (NASDAQ:DLO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 119,464 shares of the company's stock, valued at approximately $1,345,000.
Several other hedge funds have also recently bought and sold shares of DLO. State Street Corp grew its position in DLocal by 1.4% in the third quarter. State Street Corp now owns 511,252 shares of the company's stock valued at $4,090,000 after acquiring an additional 6,992 shares during the last quarter. 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 acquiring an additional 280,607 shares during the last quarter. R Squared Ltd acquired a new stake in shares of DLocal during the 4th quarter valued at $82,000. Activest Wealth Management increased its holdings in DLocal by 265,600.0% in 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 in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in shares of DLocal by 108.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock worth $29,428,000 after purchasing an additional 1,360,183 shares during the last quarter. 90.13% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on DLO. The Goldman Sachs Group raised their price objective on shares of DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Susquehanna raised their target price on DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upgraded DLocal from a "neutral" rating to an "overweight" rating and upped their price target for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. Barclays cut their price objective on DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Finally, Morgan Stanley reissued an "equal weight" rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.31.
Check Out Our Latest Stock Analysis on DLocal
DLocal Stock Up 2.5 %
DLO stock traded up $0.23 during mid-day trading on Friday, reaching $9.28. 556,356 shares of the company traded hands, compared to its average volume of 1,566,467. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 3.09 and a beta of 0.99. DLocal Limited has a fifty-two week low of $6.57 and a fifty-two week high of $14.57. The firm's 50 day moving average price is $9.55 and its 200 day moving average price is $10.48. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.
DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. As a group, equities research analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.
About DLocal
(
Free Report)
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.
Further Reading
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