State Street Corp Has $4.09 Million Position in DLocal Limited (NASDAQ:DLO)

State Street Corp boosted its holdings in shares of DLocal Limited (NASDAQ:DLO) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 511,252 shares of the company’s stock after buying an additional 6,992 shares during the period. State Street Corp’s holdings in DLocal were worth $4,090,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. GSA Capital Partners LLP raised its holdings in shares of DLocal by 180.8% in the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after acquiring an additional 175,116 shares during the last quarter. Fourth Sail Capital LP increased its holdings in DLocal by 60.8% during the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after purchasing an additional 906,561 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of DLocal in the third quarter worth approximately $488,000. Squarepoint Ops LLC bought a new position in shares of DLocal in the second quarter valued at approximately $157,000. Finally, Centiva Capital LP boosted its position in shares of DLocal by 317.8% during the third quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after buying an additional 71,892 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

DLocal Stock Down 2.5 %

Shares of NASDAQ:DLO opened at $11.21 on Tuesday. DLocal Limited has a 1 year low of $6.57 and a 1 year high of $18.76. The company has a market capitalization of $3.32 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 3.36 and a beta of 0.89. The business has a fifty day moving average price of $10.40 and a two-hundred day moving average price of $8.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Analysts forecast that DLocal Limited will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays raised their price objective on DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.61.

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.