JPMorgan Chase & Co. Acquires 261,220 Shares of DLocal Limited $DLO

Key Points

• JPMorgan boosted its stake in DLocal by 2,144.7% in Q3, buying 261,220 shares to hold 273,400 shares (about 0.09% of the company) worth $3.904 million.
• DLocal beat revenue expectations with $337.9M (up 65.2% YoY) and reported $0.18 EPS in the quarter, and the company announced a quarterly dividend of $0.1939 (annualized $0.78) representing a 6.0% yield.
• Analysts’ views are mixed but leaning positive: the consensus rating is "Moderate Buy" with an average target of $17, while individual firms range from outperform/overweight targets as high as $21 to cuts down to $15.

JPMorgan Chase & Co. grew its holdings in DLocal Limited (NASDAQ:DLO - Free Report) by 2,144.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,400 shares of the company's stock after purchasing an additional 261,220 shares during the period. JPMorgan Chase & Co. owned about 0.09% of DLocal worth $3,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. IFP Advisors Inc bought a new position in shares of DLocal in the third quarter worth about $26,000. Global Retirement Partners LLC bought a new stake in DLocal during the 3rd quarter valued at about $29,000. Jones Financial Companies Lllp lifted its holdings in DLocal by 221.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,816 shares of the company's stock valued at $70,000 after buying an additional 3,316 shares in the last quarter. Osaic Holdings Inc. boosted its position in DLocal by 17.1% in the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company's stock valued at $103,000 after buying an additional 1,329 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in DLocal in the 3rd quarter valued at about $103,000. 90.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DLO shares. Itau BBA Securities began coverage on shares of DLocal in a research report on Wednesday, December 17th. They set an "outperform" rating and a $21.00 target price on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of DLocal in a research note on Wednesday, January 21st. Truist Financial reduced their price objective on DLocal from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, March 17th. JPMorgan Chase & Co. decreased their target price on DLocal from $18.50 to $18.00 and set an "overweight" rating for the company in a research report on Monday, February 2nd. Finally, Wall Street Zen cut DLocal from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.00.

DLocal Stock Performance

NASDAQ:DLO opened at $12.86 on Friday. The firm has a 50-day simple moving average of $12.60 and a 200-day simple moving average of $13.65. DLocal Limited has a one year low of $7.61 and a one year high of $16.78. The firm has a market cap of $3.79 billion, a P/E ratio of 20.09 and a beta of 1.06.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.18. The firm had revenue of $337.89 million for the quarter, compared to the consensus estimate of $294.29 million. DLocal had a net margin of 18.00% and a return on equity of 40.40%. The company's quarterly revenue was up 65.2% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. On average, research analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.

DLocal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.1939 per share. This represents a $0.78 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Wednesday, May 27th.

About DLocal

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.

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