Deutsche Bank AG Has $11.43 Million Holdings in DLocal Limited (NASDAQ:DLO)

Deutsche Bank AG decreased its holdings in DLocal Limited (NASDAQ:DLO - Free Report) by 29.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,014,873 shares of the company's stock after selling 416,235 shares during the period. Deutsche Bank AG owned approximately 0.34% of DLocal worth $11,427,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in DLocal by 132.0% during 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 in the last quarter. R Squared Ltd purchased a new stake in DLocal during the fourth quarter valued at approximately $82,000. Activest Wealth Management boosted its stake in DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company's stock worth $30,000 after purchasing an additional 2,656 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of DLocal by 108.5% in the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock worth $29,428,000 after purchasing an additional 1,360,183 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of DLocal during the 4th quarter valued at about $300,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group increased their price target on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley restated an "equal weight" rating and set a $10.00 target price (down from $11.00) on shares of DLocal in a research report on Friday, February 28th. Susquehanna raised their target price on shares of DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday. Barclays reduced 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. Finally, JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, DLocal presently has an average rating of "Hold" and an average price target of $11.56.

DLocal Trading Up 0.2%

DLO traded up $0.02 during mid-day trading on Monday, reaching $11.79. The stock had a trading volume of 574,225 shares, compared to its average volume of 1,470,306. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal Limited has a 52 week low of $6.57 and a 52 week high of $14.26. The stock has a market capitalization of $3.37 billion, a P/E ratio of 29.48, a P/E/G ratio of 3.09 and a beta of 0.97. The firm's fifty day simple moving average is $8.98 and its two-hundred day simple moving average is $10.56.

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 the consensus estimate of $0.12 by $0.03. The business had revenue of $216.76 million for the quarter, compared to analysts' expectations of $213.52 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. DLocal's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. On average, equities analysts predict that DLocal Limited will post 0.47 EPS for the current year.

DLocal Announces Dividend

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

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.