124,412 Shares in DLocal Limited (NASDAQ:DLO) Purchased by Northern Trust Corp

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of DLO. Baillie Gifford & Co. increased its stake in shares of DLocal by 108.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock valued at $29,428,000 after buying an additional 1,360,183 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of DLocal during the fourth quarter valued at approximately $25,099,000. Tikvah Management LLC increased its stake in shares of DLocal by 115.6% during the fourth quarter. Tikvah Management LLC now owns 901,800 shares of the company's stock valued at $10,154,000 after buying an additional 483,500 shares during the period. Lane Generational LLC increased its stake in shares of DLocal by 0.4% during the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company's stock valued at $4,642,000 after buying an additional 1,717 shares during the period. Finally, Trexquant Investment LP purchased a new position in shares of DLocal during the fourth quarter valued at approximately $2,815,000. Institutional investors own 90.13% of the company's stock.

DLocal Stock Performance

Shares of NASDAQ:DLO traded down $0.15 during midday trading on Friday, reaching $10.66. 934,622 shares of the company's stock traded hands, compared to its average volume of 1,403,398. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 3.09 and a beta of 0.97. 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 one year low of $6.57 and a one year high of $14.26. The stock has a 50 day moving average of $9.40 and a 200 day moving average of $10.73.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The firm had revenue of $216.76 million for the quarter, compared to the consensus estimate of $213.52 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. As a group, equities research analysts anticipate that DLocal Limited will post 0.47 EPS for the current fiscal year.

DLocal Announces Dividend

The firm also recently declared a -- dividend, which will be paid on Tuesday, June 10th. Stockholders 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 note on Monday, March 3rd. Morgan Stanley reaffirmed an "equal weight" rating and issued a $10.00 price target (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. JPMorgan Chase & Co. raised DLocal from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group upped their price target on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Citigroup assumed coverage on DLocal in a research note on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.08.

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.