Crestline Management LP Grows Position in DLocal Limited (NASDAQ:DLO)

Crestline Management LP grew its stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 148.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,903 shares of the company's stock after acquiring an additional 80,551 shares during the quarter. Crestline Management LP's holdings in DLocal were worth $1,519,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after acquiring an additional 1,797 shares during the last quarter. Activest Wealth Management raised its position in DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company's stock worth $30,000 after acquiring an additional 2,656 shares during the period. Parvin Asset Management LLC bought a new stake in shares of DLocal during the 4th quarter valued at $55,000. R Squared Ltd purchased a new stake in shares of DLocal in the 4th quarter worth $82,000. Finally, Virtu Financial LLC bought a new stake in DLocal during the fourth quarter valued at about $142,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on DLO. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. 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 research report on Thursday, February 13th. Morgan Stanley restated an "equal weight" rating and issued a $10.00 price target (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Barclays reduced their price target on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Finally, Susquehanna lifted 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. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, DLocal currently has an average rating of "Hold" and an average target price of $11.31.

DLocal Trading Up 3.0%

Shares of DLO traded up $0.30 during trading hours on Wednesday, reaching $10.15. 708,480 shares of the company traded hands, compared to its average volume of 1,553,046. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 3.09 and a beta of 0.97. DLocal Limited has a 12-month low of $6.57 and a 12-month high of $14.26. 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 stock's fifty day moving average price is $8.84 and its 200 day moving average price is $10.50.

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, hitting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $204.98 million. Sell-side analysts forecast that DLocal Limited will post 0.47 earnings per share for the current year.

DLocal Company 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.