DLocal Limited (NASDAQ:DLO) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 46.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 262,951 shares of the company's stock after selling 230,238 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.09% of DLocal worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its holdings in 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 in the last quarter. State Street Corp increased its holdings in shares of DLocal by 1.4% in the 3rd quarter. State Street Corp now owns 511,252 shares of the company's stock valued at $4,090,000 after acquiring an additional 6,992 shares during the period. Lane Generational LLC increased its holdings in shares of DLocal by 0.4% in the 4th quarter. Lane Generational LLC now owns 412,233 shares of the company's stock valued at $4,642,000 after acquiring an additional 1,717 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of DLocal in the 4th quarter valued at $300,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of DLocal in the 4th quarter valued at $233,000. Institutional investors and hedge funds own 90.13% of the company's stock.

DLocal Price Performance

Shares of DLO traded down $0.23 during mid-day trading on Monday, reaching $9.05. 322,997 shares of the company's stock were exchanged, compared to its average volume of 1,569,967. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $9.37 and a two-hundred day simple moving average of $10.50. DLocal Limited has a 52-week low of $6.57 and a 52-week high of $14.57. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 3.09 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

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

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.