Virtu Financial LLC Invests $142,000 in DLocal Limited (NASDAQ:DLO)

Virtu Financial LLC purchased a new stake in DLocal Limited (NASDAQ:DLO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,591 shares of the company’s stock, valued at approximately $142,000.

Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. grew its holdings in shares of DLocal by 108.5% during the fourth 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 last quarter. PEAK6 Investments LLC acquired a new position in shares of DLocal in the third quarter valued at approximately $488,000. JPMorgan Chase & Co. raised its stake in shares of DLocal by 132.0% during 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 during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of DLocal during the fourth quarter worth $300,000. Finally, Centiva Capital LP grew its position in DLocal by 317.8% in the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after buying an additional 71,892 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLO. 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 research note on Wednesday, February 26th. Barclays lowered their price objective on DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group increased their target price on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. 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 note on Friday, February 28th. Finally, Susquehanna upped 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. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.94.

DLocal Stock Down 6.1 %

DLO opened at $8.33 on Monday. DLocal Limited has a one year low of $6.57 and a one year high of $16.79. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 3.09 and a beta of 0.96. The business’s fifty day moving average is $11.32 and its two-hundred day moving average is $10.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO) last posted its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $204.98 million. Analysts anticipate that DLocal Limited will post 0.47 EPS for the current fiscal year.

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.