Tikvah Management LLC Increases Stock Holdings in DLocal Limited (NASDAQ:DLO)

Tikvah Management LLC raised its position in DLocal Limited (NASDAQ:DLO) by 115.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 901,800 shares of the company’s stock after buying an additional 483,500 shares during the quarter. DLocal comprises 2.8% of Tikvah Management LLC’s investment portfolio, making the stock its 12th biggest position. Tikvah Management LLC’s holdings in DLocal were worth $10,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wells Fargo & Company MN grew its stake in DLocal by 398.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after purchasing an additional 1,797 shares in the last quarter. Activest Wealth Management raised its holdings in shares of DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after acquiring an additional 2,656 shares during the period. R Squared Ltd acquired a new position in DLocal in the 4th quarter valued at approximately $82,000. Virtu Financial LLC bought a new position in DLocal during the fourth quarter valued at approximately $142,000. Finally, SBI Securities Co. Ltd. bought a new stake in DLocal during the fourth quarter worth approximately $233,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Down 3.2 %

Shares of DLO opened at $8.09 on Friday. DLocal Limited has a one year low of $6.57 and a one year high of $16.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50 day simple moving average of $10.98 and a two-hundred day simple moving average of $10.46. The company has a market cap of $2.39 billion, a P/E ratio of 20.23, a P/E/G ratio of 3.09 and a beta of 0.96.

DLocal (NASDAQ:DLO) last announced its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. Research analysts forecast that DLocal Limited will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DLO has been the topic of a number of recent research reports. Susquehanna lifted their target price on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Morgan Stanley restated an “equal weight” rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Barclays dropped their price objective on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group upped their price target on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.94.

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.