Geode Capital Management LLC Has $1.56 Million Holdings in DLocal Limited (NASDAQ:DLO)

Geode Capital Management LLC trimmed its holdings in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 138,072 shares of the company's stock after selling 132,458 shares during the quarter. Geode Capital Management LLC's holdings in DLocal were worth $1,555,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Baillie Gifford & Co. raised its holdings 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 worth $29,428,000 after purchasing an additional 1,360,183 shares during the period. JPMorgan Chase & Co. raised its stake in DLocal by 132.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company's stock valued at $3,946,000 after acquiring an additional 280,607 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of DLocal in the fourth quarter worth $2,007,000. Y Intercept Hong Kong Ltd bought a new position in DLocal in the 4th quarter valued at about $300,000. Finally, Activest Wealth Management boosted its holdings in shares of DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company's stock valued at $30,000 after acquiring an additional 2,656 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Stock Performance

DLO stock traded down $0.06 during midday trading on Tuesday, hitting $8.79. The stock had a trading volume of 644,633 shares, compared to its average volume of 1,564,616. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 3.09 and a beta of 0.97. The stock has a 50-day simple moving average of $8.86 and a 200 day simple moving average of $10.48. DLocal Limited has a 52 week low of $6.57 and a 52 week 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.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. The company had revenue of $204.49 million during the quarter, compared to analysts' expectations of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. As a group, equities research analysts anticipate that DLocal Limited will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley reissued an "equal weight" rating and set a $10.00 target price (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. Susquehanna lifted their price objective on DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group increased their price objective on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Barclays cut their target price on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $11.31.

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.