Trexquant Investment LP bought a new stake in DLocal Limited (NASDAQ:DLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 249,956 shares of the company's stock, valued at approximately $2,815,000. Trexquant Investment LP owned about 0.08% of DLocal at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Baillie Gifford & Co. boosted its stake in DLocal by 108.5% in the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock valued at $29,428,000 after acquiring an additional 1,360,183 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of DLocal by 132.0% in 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. Alliancebernstein L.P. bought a new position in shares of DLocal in the 4th quarter worth $2,007,000. Y Intercept Hong Kong Ltd bought a new stake in DLocal in the fourth quarter valued at about $300,000. Finally, Point72 Asset Management L.P. lifted its stake in DLocal by 22.3% in the third quarter. Point72 Asset Management L.P. now owns 128,800 shares of the company's stock valued at $1,030,000 after buying an additional 23,480 shares during the period. Institutional investors and hedge funds own 90.13% of the company's stock.
Wall Street Analyst Weigh In
DLO has been the subject of several analyst reports. Barclays decreased their target price on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of DLocal from a "neutral" rating to an "overweight" rating and upped their target price for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group lifted their price target on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Morgan Stanley restated an "equal weight" rating and issued a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Finally, Susquehanna lifted their target price on DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, DLocal currently has an average rating of "Hold" and an average price target of $11.31.
View Our Latest Stock Report on DLocal
DLocal Stock Up 3.7 %
DLO traded up $0.32 during trading on Friday, hitting $8.89. The company had a trading volume of 351,843 shares, compared to its average volume of 1,586,326. The company has a market capitalization of $2.63 billion, a PE ratio of 22.23, a PEG ratio of 3.09 and a beta of 0.99. 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 Limited has a one year low of $6.57 and a one year high of $16.24. The firm's 50-day moving average price is $10.33 and its 200 day moving average price is $10.47.
DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. As a group, equities analysts expect that DLocal Limited will post 0.47 earnings per share for the current 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.
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