Crestline Management LP Increases Stock Position in DLocal Limited (NASDAQ:DLO)

Crestline Management LP lifted its position in shares of DLocal Limited (NASDAQ:DLO) by 148.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,903 shares of the company’s stock after purchasing an additional 80,551 shares during the period. Crestline Management LP’s holdings in DLocal were worth $1,519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 280,607 shares during the period. R Squared Ltd purchased a new position in shares of DLocal in the 4th quarter worth about $82,000. Activest Wealth Management grew its position in 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 buying an additional 2,656 shares during the period. Baillie Gifford & Co. increased its holdings in DLocal by 108.5% during the fourth 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 last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in DLocal in the fourth quarter worth about $300,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DLO. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group raised their target price on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Morgan Stanley restated an “equal weight” rating and issued a $10.00 target price (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. Susquehanna increased their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Barclays lowered their price objective on DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.31.

DLocal Stock Performance

Shares of DLO opened at $9.00 on Friday. DLocal Limited has a 52-week low of $6.57 and a 52-week high of $14.26. The stock’s 50-day simple moving average is $8.83 and its 200 day simple moving average is $10.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $204.49 million for 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.

About DLocal

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.