DLocal Limited (NASDAQ:DLO) Stake Lessened by Deutsche Bank AG

Deutsche Bank AG cut its stake in DLocal Limited (NASDAQ:DLO) by 29.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,014,873 shares of the company’s stock after selling 416,235 shares during the period. Deutsche Bank AG’s holdings in DLocal were worth $11,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Azora Capital LP purchased a new stake in shares of DLocal in the 4th quarter valued at approximately $37,144,000. Baillie Gifford & Co. raised its holdings in shares of DLocal by 108.5% during the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock valued at $29,428,000 after purchasing an additional 1,360,183 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in DLocal in the 4th quarter valued at $25,099,000. Balyasny Asset Management L.P. grew its stake in DLocal by 82.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company’s stock valued at $11,125,000 after buying an additional 445,549 shares during the last quarter. Finally, Tikvah Management LLC grew its stake in DLocal by 115.6% in the 4th 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. 90.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DLO. Susquehanna raised their price target on shares of DLocal from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday. Morgan Stanley restated an “equal weight” rating and issued a $10.00 price target (down from $11.00) on shares of DLocal in a research report on Friday, February 28th. Barclays decreased their price target 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 raised their price target on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. 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 company currently has a consensus rating of “Hold” and an average price target of $11.56.

DLocal Price Performance

Shares of DLocal stock opened at $11.24 on Friday. 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 firm’s 50-day simple moving average is $8.91 and its 200-day simple moving average is $10.51. DLocal Limited has a twelve month low of $6.57 and a twelve month high of $14.26. The firm has a market cap of $3.21 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97.

DLocal (NASDAQ:DLO) last issued its earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $216.76 million for the quarter, compared to analyst estimates of $213.52 million. As a group, research analysts expect that DLocal Limited will post 0.47 EPS for the current fiscal 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.