Canada Pension Plan Investment Board Invests $25.10 Million in DLocal Limited (NASDAQ:DLO)

Canada Pension Plan Investment Board acquired a new stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,229,033 shares of the company's stock, valued at approximately $25,099,000. Canada Pension Plan Investment Board owned approximately 0.75% of DLocal as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DLO. Baillie Gifford & Co. grew its stake in 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 in the last quarter. JPMorgan Chase & Co. lifted its position in DLocal by 132.0% during the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company's stock worth $3,946,000 after buying an additional 280,607 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in DLocal during the fourth quarter worth $300,000. Alliancebernstein L.P. purchased a new stake in DLocal in the 4th quarter valued at $2,007,000. Finally, Proem Advisors LLC acquired a new stake in shares of DLocal in the 4th quarter worth $1,352,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DLO shares. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $14.00 to $18.00 in a research report 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 note on Wednesday, January 29th. Barclays decreased their target price on DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group lifted their price objective on shares of DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Morgan Stanley restated an "equal weight" rating and set a $10.00 price target (down previously from $11.00) on shares of DLocal in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $11.31.

DLocal Stock Performance

Shares of DLO stock traded up $0.23 during trading hours on Friday, hitting $9.28. The stock had a trading volume of 206,119 shares, compared to its average volume of 1,565,110. The stock's 50 day moving average is $9.55 and its 200 day moving average is $10.48. The firm has a market capitalization of $2.75 billion, a PE ratio of 23.19, a PEG ratio of 3.09 and a beta of 0.99. DLocal Limited has a twelve month low of $6.57 and a twelve month high of $14.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

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

DLocal Profile

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.