Alliancebernstein L.P. Purchases Shares of 178,226 DLocal Limited (NASDAQ:DLO)

Alliancebernstein L.P. acquired a new stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 178,226 shares of the company's stock, valued at approximately $2,007,000. Alliancebernstein L.P. owned approximately 0.06% of DLocal as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in shares of DLocal by 108.5% during the 4th 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. State Street Corp grew its holdings in DLocal by 1.4% during the third quarter. State Street Corp now owns 511,252 shares of the company's stock valued at $4,090,000 after purchasing an additional 6,992 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of DLocal by 132.0% in the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company's stock valued at $3,946,000 after purchasing an additional 280,607 shares during the period. Lane Generational LLC lifted its stake in shares of DLocal by 0.4% in the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company's stock worth $4,642,000 after buying an additional 1,717 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of DLocal during the 4th quarter worth $300,000. Institutional investors and hedge funds own 90.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of 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 report on Wednesday, February 26th. Barclays dropped their price target on DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Susquehanna raised their price objective on shares of DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their target price on shares of DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $10.00 price target (down from $11.00) on shares of DLocal in a research report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $11.31.

DLocal Price Performance

Shares of DLocal stock traded up $0.24 during trading on Tuesday, hitting $8.93. 336,132 shares of the company's stock traded hands, compared to its average volume of 1,572,359. DLocal Limited has a twelve month low of $6.57 and a twelve month high of $14.93. 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 cap of $2.64 billion, a PE ratio of 22.33, a PEG ratio of 3.09 and a beta of 0.99. The firm's fifty day moving average price is $9.72 and its 200 day moving average price is $10.49.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. Analysts forecast that DLocal Limited will post 0.47 earnings per share for the current year.

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.