Northern Trust Corp Invests $1.40 Million in DLocal Limited (NASDAQ:DLO)

Northern Trust Corp purchased a new stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 124,412 shares of the company's stock, valued at approximately $1,401,000.

Several other hedge funds have also modified their holdings of DLO. Wells Fargo & Company MN raised its holdings in shares of DLocal by 398.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock worth $25,000 after buying an additional 1,797 shares during the last quarter. Activest Wealth Management grew its holdings in shares of DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company's stock valued at $30,000 after buying an additional 2,656 shares during the last quarter. R Squared Ltd acquired a new position in shares of DLocal in the 4th quarter valued at $82,000. Virtu Financial LLC purchased a new position in DLocal in the 4th quarter worth $142,000. Finally, SBI Securities Co. Ltd. acquired a new stake in DLocal during the 4th quarter worth about $233,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Price Performance

Shares of DLocal stock traded down $0.15 during trading hours on Friday, reaching $10.66. The stock had a trading volume of 934,622 shares, compared to its average volume of 1,410,942. The stock's 50 day moving average is $9.38 and its 200 day moving average is $10.71. 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 twelve month low of $6.57 and a twelve month high of $14.26. The firm has a market capitalization of $3.04 billion, a PE ratio of 26.65, a PEG ratio of 3.09 and a beta of 0.97.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, topping 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 company had revenue of $216.76 million during the quarter, compared to analysts' expectations of $213.52 million. During the same quarter in the prior year, the firm posted $0.06 EPS. DLocal's quarterly revenue was up 17.6% compared to the same quarter last year. Equities analysts expect that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

DLocal Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup started coverage on DLocal in a research report on Tuesday. They issued a "buy" rating and a $14.60 target price on the stock. The Goldman Sachs Group raised their target price on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Susquehanna upped their price target on shares of DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. upgraded DLocal from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $10.00 target price (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.08.

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.