JPMorgan Chase & Co. Has $2.96 Million Stake in DLocal Limited (NASDAQ:DLO)

JPMorgan Chase & Co. lowered its holdings in shares of DLocal Limited (NASDAQ:DLO) by 46.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,951 shares of the company’s stock after selling 230,238 shares during the period. JPMorgan Chase & Co. owned about 0.09% of DLocal worth $2,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLO. Baillie Gifford & Co. lifted its position in shares of DLocal by 108.5% during the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after buying an additional 1,360,183 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of DLocal during the fourth quarter valued at $300,000. State Street Corp boosted its stake in shares of DLocal by 1.4% in the 3rd quarter. State Street Corp now owns 511,252 shares of the company’s stock valued at $4,090,000 after purchasing an additional 6,992 shares in the last quarter. Activest Wealth Management boosted its position in DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after buying an additional 2,656 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in DLocal during the 4th quarter worth approximately $142,000. Institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

DLocal stock opened at $8.93 on Wednesday. The firm has a market capitalization of $2.64 billion, a P/E ratio of 22.33, a PEG ratio of 3.09 and a beta of 0.99. The business has a 50-day moving average of $9.72 and a 200-day moving average of $10.49. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $14.93.

DLocal (NASDAQ:DLO) last issued its earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The firm 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%. On average, equities analysts anticipate that DLocal Limited will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DLO shares. Morgan Stanley restated an “equal weight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Susquehanna boosted 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. The Goldman Sachs Group raised their price target on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays dropped their price objective on DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised shares of DLocal from a “neutral” rating to an “overweight” rating and raised their target price for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.31.

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.