Invesco Ltd. Has $605,000 Stake in DLocal Limited (NASDAQ:DLO)

Invesco Ltd. lowered its holdings in shares of DLocal Limited (NASDAQ:DLO) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,730 shares of the company’s stock after selling 6,398 shares during the quarter. Invesco Ltd.’s holdings in DLocal were worth $605,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Baillie Gifford & Co. raised its holdings in 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. Tikvah Management LLC raised its holdings in shares of DLocal by 115.6% during the fourth quarter. Tikvah Management LLC now owns 901,800 shares of the company’s stock worth $10,154,000 after acquiring an additional 483,500 shares during the period. JPMorgan Chase & Co. lifted its position in DLocal by 132.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock valued at $3,946,000 after acquiring an additional 280,607 shares in the last quarter. Trexquant Investment LP acquired a new position in DLocal in the 4th quarter worth $2,815,000. Finally, Alliancebernstein L.P. bought a new position in DLocal during the 4th quarter worth about $2,007,000. Institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

NASDAQ:DLO opened at $8.94 on Friday. The stock has a market capitalization of $2.65 billion, a PE ratio of 22.35, a P/E/G ratio of 3.09 and a beta of 0.99. DLocal Limited has a 1-year low of $6.57 and a 1-year high of $14.46. The firm has a fifty day simple moving average of $9.07 and a 200 day simple moving average of $10.48. 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 (NASDAQ:DLO) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The company 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, research analysts expect that DLocal Limited will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted 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. Susquehanna boosted their target price on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 price target (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Finally, Barclays reduced their target price 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.