DLocal Limited (NASDAQ:DLO) Position Cut by Marshall Wace LLP

Marshall Wace LLP lowered its holdings in shares of DLocal Limited (NASDAQ:DLO) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,697,225 shares of the company’s stock after selling 328,907 shares during the period. Marshall Wace LLP owned approximately 0.57% of DLocal worth $19,111,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DLO. Wells Fargo & Company MN increased its stake in shares of DLocal by 398.4% during the fourth 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 period. Activest Wealth Management increased its position in shares of DLocal by 265,600.0% during the 4th 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 during the period. R Squared Ltd bought a new stake in shares of DLocal in the 4th quarter worth $82,000. Virtu Financial LLC acquired a new stake in shares of DLocal in the fourth quarter valued at $142,000. Finally, SBI Securities Co. Ltd. bought a new position in DLocal during the fourth quarter valued at about $233,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Up 1.2 %

Shares of DLocal stock opened at $8.70 on Friday. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $14.93. The company has a market cap of $2.58 billion, a P/E ratio of 21.75, a P/E/G ratio of 3.09 and a beta of 0.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $9.89 and a 200 day moving average price of $10.49.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $204.49 million during the quarter, compared to analyst estimates of $204.98 million. As a group, analysts expect that DLocal Limited will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLO has been the subject of a number of research analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price target (down from $11.00) on shares of DLocal in a report on Friday, February 28th. Susquehanna increased their target price on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. 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 objective on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and upped their target price for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.31.

About DLocal

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.