Proem Advisors LLC purchased a new position in shares of DLocal Limited (NASDAQ:DLO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 120,071 shares of the company's stock, valued at approximately $1,352,000. DLocal accounts for 0.4% of Proem Advisors LLC's portfolio, making the stock its 22nd largest holding.
Several other hedge funds have also recently made changes to their positions in the business. Centiva Capital LP raised its position in shares of DLocal by 317.8% during the third quarter. Centiva Capital LP now owns 94,512 shares of the company's stock worth $756,000 after purchasing an additional 71,892 shares during the period. Point72 Asset Management L.P. increased its position in shares of DLocal by 22.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 128,800 shares of the company's stock valued at $1,030,000 after purchasing an additional 23,480 shares during the last quarter. State Street Corp raised its position in 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 acquiring an additional 6,992 shares during the period. Main Management ETF Advisors LLC bought a new position in shares of DLocal during the 3rd quarter valued at approximately $888,000. Finally, JPMorgan Chase & Co. increased its stake in shares of DLocal by 132.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company's stock worth $3,946,000 after purchasing an additional 280,607 shares during the last quarter. 90.13% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on DLO. The Goldman Sachs Group increased their price objective on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upgraded DLocal from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Susquehanna increased their target price on shares of DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Barclays dropped their price target on shares of 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 reiterated an "equal weight" rating and set a $10.00 price objective (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.31.
Check Out Our Latest Research Report on DLocal
DLocal Price Performance
DLO stock traded up $0.07 during midday trading on Wednesday, reaching $7.95. The company had a trading volume of 110,167 shares, compared to its average volume of 1,587,349. The firm has a 50-day moving average price of $10.69 and a 200-day moving average price of $10.47. 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 company has a market capitalization of $2.35 billion, a P/E ratio of 19.87, a P/E/G ratio of 3.09 and a beta of 0.99. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $16.79.
DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting analysts' consensus estimates of $0.15. The company had revenue of $204.49 million for the quarter, compared to analysts' expectations of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. On average, research analysts anticipate that DLocal Limited will post 0.47 earnings per share 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.
Read More
Before you consider DLocal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DLocal wasn't on the list.
While DLocal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
