Verition Fund Management LLC purchased a new position in shares of DLocal Limited (NASDAQ:DLO – Get Rating) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 15,085 shares of the company’s stock, valued at approximately $310,000.
Several other institutional investors have also recently made changes to their positions in DLO. Advisors Asset Management Inc. increased its holdings in shares of DLocal by 15.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,750 shares of the company’s stock worth $77,000 after acquiring an additional 495 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in DLocal by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 20,185 shares of the company’s stock valued at $414,000 after purchasing an additional 508 shares during the period. Allianz Asset Management GmbH boosted its stake in DLocal by 0.7% in the 1st quarter. Allianz Asset Management GmbH now owns 96,283 shares of the company’s stock valued at $3,010,000 after purchasing an additional 711 shares during the period. Virtu Financial LLC boosted its stake in DLocal by 5.3% in the 1st quarter. Virtu Financial LLC now owns 20,006 shares of the company’s stock valued at $625,000 after purchasing an additional 1,010 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in DLocal by 14.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,382 shares of the company’s stock valued at $220,000 after purchasing an additional 1,087 shares during the period. Institutional investors and hedge funds own 47.39% of the company’s stock.
DLocal Price Performance
Shares of DLO stock opened at $15.40 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.01. DLocal Limited has a twelve month low of $9.03 and a twelve month high of $35.96. The company has a market cap of $4.54 billion, a P/E ratio of 42.78, a P/E/G ratio of 0.49 and a beta of 0.99. The business has a fifty day simple moving average of $15.94 and a 200 day simple moving average of $18.47.
Wall Street Analysts Forecast Growth
DLO has been the subject of several recent research reports. UBS Group downgraded DLocal from a “buy” rating to a “sell” rating and reduced their price target for the company from $36.00 to $14.00 in a research note on Friday, March 3rd. HSBC cut their target price on DLocal from $32.00 to $19.00 in a research report on Wednesday, December 21st. Bank of America began coverage on DLocal in a research report on Thursday, December 22nd. They set a “buy” rating and a $18.00 target price for the company. The Goldman Sachs Group cut their target price on DLocal from $43.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, December 1st. Finally, JPMorgan Chase & Co. cut their target price on DLocal from $30.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, December 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.89.
About DLocal
DLocal Limited operates a payments platform in the United States, Europe, China, and internationally. Its payments platform enables merchants to get paid and to make payments online. The company serves commerce, streaming, ride-hailing, financial services, advertising, software as a service, travel, e-learning, on-demand delivery, gaming, and crypto industries.
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