Mirabella Financial Services LLP Makes New $1.35 Million Investment in DLocal Limited (NASDAQ:DLO)

Mirabella Financial Services LLP acquired a new stake in DLocal Limited (NASDAQ:DLO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 119,464 shares of the company's stock, valued at approximately $1,345,000.

Several other hedge funds have also recently added to or reduced their stakes in DLO. Wells Fargo & Company MN increased its stake in shares of DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after acquiring an additional 1,797 shares during the last quarter. Activest Wealth Management increased its stake in 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 purchasing an additional 2,656 shares in the last quarter. R Squared Ltd acquired a new stake in DLocal in the fourth quarter worth $82,000. Virtu Financial LLC bought a new position in shares of DLocal during the fourth quarter worth $142,000. 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.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DLO. JPMorgan Chase & Co. raised DLocal from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. 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. Barclays dropped 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. Susquehanna increased their price objective on shares of DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group raised their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. 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 MarketBeat.com, DLocal presently has an average rating of "Hold" and a consensus price target of $11.31.

DLocal Stock Performance

Shares of DLO stock traded up $0.23 during midday trading on Friday, hitting $9.28. 556,356 shares of the company were exchanged, compared to its average volume of 1,570,640. DLocal Limited has a 52 week low of $6.57 and a 52 week high of $14.57. The firm has a market capitalization of $2.75 billion, a P/E ratio of 23.20, a PEG ratio of 3.09 and a beta of 0.99. The firm's 50 day moving average price is $9.46 and its two-hundred day moving average price is $10.48. 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 (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. As a group, equities research analysts anticipate that DLocal Limited will post 0.47 earnings per share for the current year.

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.