BNP Paribas Financial Markets Acquires Shares of 507,976 DLocal Limited (NASDAQ:DLO)

BNP Paribas Financial Markets bought a new stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 507,976 shares of the company's stock, valued at approximately $5,720,000. BNP Paribas Financial Markets owned about 0.17% of DLocal as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Baillie Gifford & Co. raised its stake 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 valued at $29,428,000 after acquiring an additional 1,360,183 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in DLocal during the 4th quarter worth $25,099,000. JPMorgan Chase & Co. raised its position in DLocal by 132.0% during the 3rd 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 in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of DLocal in the 4th quarter worth $2,007,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of DLocal in the 4th quarter worth $300,000. Institutional investors own 90.13% of the company's stock.

DLocal Stock Performance

NASDAQ DLO traded up $0.53 on Friday, hitting $11.77. 1,557,252 shares of the company's stock traded hands, compared to its average volume of 1,500,903. The firm's 50-day moving average price is $8.91 and its two-hundred day moving average price is $10.51. The firm has a market capitalization of $3.36 billion, a PE ratio of 29.43, a P/E/G ratio of 3.09 and a beta of 0.97. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal Limited has a 1-year low of $6.57 and a 1-year high of $14.26.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $216.76 million during the quarter, compared to analyst estimates of $213.52 million. As a group, analysts expect that DLocal Limited will post 0.47 EPS for the current year.

DLocal Announces Dividend

The business also recently declared a -- dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th will be issued a $0.5251 dividend. The ex-dividend date of this dividend is Tuesday, May 27th.

Analysts Set New Price Targets

Several analysts recently weighed in on DLO shares. Barclays decreased their price objective on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. 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. Susquehanna boosted their price objective on shares of DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday. Finally, The Goldman Sachs Group increased their target price on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, DLocal presently has an average rating of "Hold" and an average target price of $11.56.

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.