JPMorgan Chase & Co. Boosts Holdings in DLocal Limited (NASDAQ:DLO)

JPMorgan Chase & Co. raised its stake in shares of DLocal Limited (NASDAQ:DLO) by 132.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 493,189 shares of the company’s stock after buying an additional 280,607 shares during the period. JPMorgan Chase & Co. owned about 0.17% of DLocal worth $3,946,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DLO. Sylebra Capital LLC purchased a new stake in DLocal during the second quarter worth $13,565,000. Millennium Management LLC raised its position in shares of DLocal by 151.2% in the second quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock worth $5,212,000 after acquiring an additional 387,762 shares during the period. PDT Partners LLC boosted its stake in shares of DLocal by 1,430.1% during the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock worth $2,877,000 after acquiring an additional 336,131 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of DLocal by 180.8% during the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock valued at $2,176,000 after acquiring an additional 175,116 shares during the period. Finally, Main Management ETF Advisors LLC purchased a new position in shares of DLocal in the 3rd quarter valued at about $888,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays increased their price target on DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, DLocal currently has an average rating of “Hold” and an average target price of $11.31.

DLocal Trading Up 1.9 %

Shares of DLocal stock opened at $11.81 on Friday. DLocal Limited has a twelve month low of $6.57 and a twelve month high of $18.27. The firm’s 50-day moving average price is $11.23 and its 200 day moving average price is $9.34. 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 firm has a market capitalization of $3.50 billion, a PE ratio of 29.53, a P/E/G ratio of 2.69 and a beta of 0.87.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. During the same period in the prior year, the company earned $0.16 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.

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.