94,787 Shares in DLocal Limited (NASDAQ:DLO) Acquired by Stifel Financial Corp

Stifel Financial Corp acquired a new position in shares of DLocal Limited (NASDAQ:DLO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 94,787 shares of the company's stock, valued at approximately $1,067,000.

Other hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in DLocal in the 4th quarter valued at about $25,099,000. Baillie Gifford & Co. increased its stake in DLocal by 108.5% during the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock worth $29,428,000 after buying an additional 1,360,183 shares during the period. Tikvah Management LLC increased its holdings in DLocal by 115.6% in 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 last quarter. JPMorgan Chase & Co. increased its stake in DLocal by 132.0% in the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company's stock valued at $3,946,000 after purchasing an additional 280,607 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in DLocal during the 4th quarter worth approximately $2,815,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DLO has been the topic of several recent research reports. Barclays decreased their price objective on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group boosted their price target on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Susquehanna increased their price objective on DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $10.00 price target (down from $11.00) on shares of DLocal in a report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.31.

DLocal Price Performance

Shares of DLocal stock traded up $0.38 during trading on Monday, reaching $9.59. 817,776 shares of the company's stock were exchanged, compared to its average volume of 1,557,928. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $2.74 billion, a P/E ratio of 23.98, a PEG ratio of 3.09 and a beta of 0.97. DLocal Limited has a 1-year low of $6.57 and a 1-year high of $14.26. The firm's 50-day moving average price is $8.83 and its 200 day moving average price is $10.50.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate 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, research analysts anticipate that DLocal Limited will post 0.47 earnings per share for the current year.

DLocal Company 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.