State Street Corp Acquires 6,992 Shares of DLocal Limited (NASDAQ:DLO)

State Street Corp increased its holdings in shares of DLocal Limited (NASDAQ:DLO) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 511,252 shares of the company’s stock after buying an additional 6,992 shares during the quarter. State Street Corp owned 0.17% of DLocal worth $4,090,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP boosted its position in DLocal by 180.8% during the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after buying an additional 175,116 shares during the period. Fourth Sail Capital LP raised its position in DLocal by 60.8% during the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after purchasing an additional 906,561 shares during the last quarter. PEAK6 Investments LLC acquired a new position in DLocal during the 3rd quarter worth about $488,000. Squarepoint Ops LLC bought a new stake in shares of DLocal in the 2nd quarter valued at about $157,000. Finally, Centiva Capital LP increased its stake in shares of DLocal by 317.8% in the third 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 period. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Trading Down 2.5 %

NASDAQ DLO opened at $11.21 on Tuesday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 28.03, a P/E/G ratio of 3.36 and a beta of 0.89. The business has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $8.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. DLocal Limited has a one year low of $6.57 and a one year high of $18.76.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts expect that DLocal Limited will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barclays lifted their price objective on DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.61.

DLocal 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.