Annis Gardner Whiting Capital Advisors LLC Makes New Investment in DLocal Limited (NASDAQ:DLO)

Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of DLocal Limited (NASDAQ:DLOFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,510 shares of the company’s stock, valued at approximately $67,000.

Other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in DLocal in the fourth quarter valued at approximately $27,000. State of Wyoming acquired a new position in DLocal in the second quarter valued at approximately $45,000. Tower Research Capital LLC TRC boosted its holdings in DLocal by 53.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,179 shares of the company’s stock valued at $65,000 after purchasing an additional 1,104 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in DLocal in the first quarter valued at approximately $78,000. Finally, Amundi boosted its holdings in DLocal by 66.8% in the fourth quarter. Amundi now owns 6,650 shares of the company’s stock valued at $107,000 after purchasing an additional 2,664 shares in the last quarter. 41.67% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Trading Up 2.5 %

NASDAQ:DLO opened at $16.86 on Friday. DLocal Limited has a 1 year low of $9.04 and a 1 year high of $24.22. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 0.66 and a beta of 0.99. The stock has a fifty day moving average price of $17.18 and a two-hundred day moving average price of $17.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.66 and a current ratio of 1.66.

DLocal (NASDAQ:DLOGet Free Report) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. DLocal had a return on equity of 38.59% and a net margin of 24.09%. The business had revenue of $163.92 million during the quarter, compared to analysts’ expectations of $172.05 million. As a group, sell-side analysts anticipate that DLocal Limited will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DLO. New Street Research raised DLocal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $24.00 in a report on Tuesday, January 9th. Barclays raised DLocal from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $15.00 to $18.00 in a report on Monday, December 11th. TheStreet downgraded DLocal from a “c-” rating to a “d+” rating in a report on Wednesday, December 13th. Finally, Susquehanna reissued a “positive” rating and issued a $24.00 price objective on shares of DLocal in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, DLocal presently has an average rating of “Hold” and a consensus price target of $20.15.

Get Our Latest Analysis on DLocal

About DLocal

(Free Report)

DLocal Limited operates a payment processing platform worldwide. 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.

Further Reading

Institutional Ownership by Quarter for DLocal (NASDAQ:DLO)

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