Baillie Gifford & Co. Raises Stake in DLocal Limited (NASDAQ:DLO)

Baillie Gifford & Co. raised its stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 79.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 993,987 shares of the company's stock after buying an additional 440,259 shares during the period. Baillie Gifford & Co. owned about 0.34% of DLocal worth $17,584,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. OneAscent Wealth Management LLC purchased a new stake in shares of DLocal in the 4th quarter worth $185,000. OneAscent Financial Services LLC purchased a new stake in shares of DLocal in the 4th quarter worth $234,000. Renaissance Capital LLC increased its stake in shares of DLocal by 11.3% in the 4th quarter. Renaissance Capital LLC now owns 58,296 shares of the company's stock worth $1,031,000 after purchasing an additional 5,921 shares in the last quarter. Citigroup Inc. increased its stake in shares of DLocal by 24.5% in the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company's stock worth $134,000 after purchasing an additional 1,378 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of DLocal in the 3rd quarter worth $284,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Trading Up 0.2 %

Shares of NASDAQ:DLO traded up $0.03 during trading on Thursday, reaching $16.34. The company's stock had a trading volume of 1,390,924 shares, compared to its average volume of 1,092,823. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. DLocal Limited has a 12 month low of $9.04 and a 12 month high of $24.22. The firm's 50 day simple moving average is $16.32 and its two-hundred day simple moving average is $17.29. The stock has a market capitalization of $4.84 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 1.10 and a beta of 0.96.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $188.01 million during the quarter, compared to the consensus estimate of $169.85 million. DLocal had a return on equity of 40.57% and a net margin of 22.92%. On average, research analysts predict that DLocal Limited will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DLO shares. New Street Research upgraded DLocal from a "neutral" rating to a "buy" rating and increased their price target for the stock from $18.00 to $24.00 in a research note on Tuesday, January 9th. TheStreet lowered DLocal from a "c-" rating to a "d+" rating in a research note on Wednesday, December 13th. HSBC cut their price target on DLocal from $19.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, April 5th. Susquehanna cut their price target on DLocal from $24.00 to $21.00 and set a "positive" rating for the company in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. cut their price target on DLocal from $17.50 to $17.00 and set a "neutral" rating for the company in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.78.

DLocal Company Profile

DLocal Limited operates a payment processing platform worldwide. Its payments platform enables merchants to get paid and to make payments online. The company serves commerce, streaming, ride-hailing, financial services, advertising, software as a service, travel, e-learning, on-demand delivery, gaming, and crypto industries.