Trexquant Investment LP Buys Shares of 249,956 DLocal Limited (NASDAQ:DLO)

Trexquant Investment LP bought a new position in DLocal Limited (NASDAQ:DLO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 249,956 shares of the company’s stock, valued at approximately $2,815,000.

A number of other institutional investors and hedge funds have also modified their holdings of DLO. Baillie Gifford & Co. boosted its position 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 acquiring an additional 1,360,183 shares during the period. JPMorgan Chase & Co. lifted its position in shares of DLocal by 132.0% in the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock worth $3,946,000 after purchasing an additional 280,607 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of DLocal during the fourth quarter worth approximately $300,000. State Street Corp grew its position in DLocal by 1.4% during the third quarter. State Street Corp now owns 511,252 shares of the company’s stock valued at $4,090,000 after purchasing an additional 6,992 shares in the last quarter. Finally, Activest Wealth Management lifted its position in DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after buying an additional 2,656 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DLO. Barclays lowered their price target 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 raised their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price target (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. The Goldman Sachs Group raised their price objective on shares of DLocal from $9.00 to $10.00 and gave the company 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 lifted their target price for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.31.

DLocal Trading Down 0.4 %

NASDAQ:DLO opened at $8.06 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $10.89 and its 200-day moving average is $10.49. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 3.09 and a beta of 0.99. DLocal Limited has a 12 month low of $6.57 and a 12 month high of $16.79.

DLocal (NASDAQ:DLO) last released its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share 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 firm had revenue of $204.49 million during the quarter, compared to analyst estimates of $204.98 million. Equities analysts anticipate that DLocal Limited will post 0.47 EPS 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.