Tikvah Management LLC increased its stake in DLocal Limited (NASDAQ:DLO - Free Report) by 115.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 901,800 shares of the company's stock after acquiring an additional 483,500 shares during the quarter. DLocal comprises 2.8% of Tikvah Management LLC's holdings, making the stock its 12th largest holding. Tikvah Management LLC owned about 0.30% of DLocal worth $10,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of DLocal by 398.4% in 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 lifted its stake in shares of DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company's stock valued at $30,000 after buying an additional 2,656 shares in the last quarter. R Squared Ltd bought a new stake in shares of DLocal during the fourth quarter worth about $82,000. Virtu Financial LLC bought a new stake in DLocal during the 4th quarter worth approximately $142,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of DLocal in the fourth quarter valued at approximately $233,000. 90.13% of the stock is currently owned by institutional investors.
DLocal Stock Performance
Shares of DLO stock traded down $0.23 during trading on Thursday, reaching $8.51. 257,395 shares of the company's stock traded hands, compared to its average volume of 1,586,919. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $16.49. The company has a market capitalization of $2.52 billion, a P/E ratio of 21.13, a PEG ratio of 3.09 and a beta of 0.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average is $10.50 and its 200 day moving average is $10.46.
DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $204.49 million during the quarter, compared to analyst estimates of $204.98 million. Equities research analysts expect that DLocal Limited will post 0.47 EPS for the current year.
Analyst Ratings Changes
Several analysts have recently commented on DLO shares. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and increased their target price for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. 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. Barclays reduced their target price on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group lifted their price target on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Susquehanna lifted their target price on DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.31.
Read Our Latest Stock Report on DLO
DLocal Company Profile
(
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.
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