Tikvah Management LLC Acquires 483,500 Shares of DLocal Limited (NASDAQ:DLO)

Tikvah Management LLC boosted its position in DLocal Limited (NASDAQ:DLO) by 115.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901,800 shares of the company’s stock after buying an additional 483,500 shares during the period. DLocal makes up approximately 2.8% of Tikvah Management LLC’s portfolio, making the stock its 12th biggest position. Tikvah Management LLC owned approximately 0.30% of DLocal worth $10,154,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DLO. Wells Fargo & Company MN grew its position in DLocal by 398.4% in the 4th 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 grew its position in shares of 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 purchasing an additional 2,656 shares in the last quarter. R Squared Ltd bought a new stake in shares of DLocal during the fourth quarter valued at about $82,000. Virtu Financial LLC purchased a new stake in DLocal in the 4th quarter worth approximately $142,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of DLocal in the fourth quarter worth $233,000. 90.13% of the stock is currently owned by institutional investors.

DLocal Trading Down 3.2 %

DLocal stock opened at $8.09 on Friday. DLocal Limited has a 52 week low of $6.57 and a 52 week high of $16.79. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96. The stock has a 50-day moving average price of $10.98 and a 200 day moving average price of $10.46.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $204.49 million for the quarter, compared to analysts’ expectations of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. Sell-side analysts anticipate that DLocal Limited will post 0.47 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on DLO. Barclays cut 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. Susquehanna raised their target price on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. The Goldman Sachs Group upped their price target on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $10.00 target price (down from $11.00) on shares of DLocal in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.94.

DLocal Company 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.