Mitsubishi UFJ Asset Management Co. Ltd. Has $197,000 Stock Position in DLocal Limited (NASDAQ:DLO)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in DLocal Limited (NASDAQ:DLO) by 11.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,658 shares of the company’s stock after acquiring an additional 2,375 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in DLocal were worth $197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DLO. Alliancebernstein L.P. bought a new position in DLocal in the fourth quarter worth $2,007,000. Wells Fargo & Company MN lifted its position in DLocal by 398.4% in the fourth 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 during the period. Mariner LLC lifted its position in DLocal by 6.0% in the fourth quarter. Mariner LLC now owns 24,257 shares of the company’s stock worth $273,000 after purchasing an additional 1,365 shares during the period. Canada Pension Plan Investment Board bought a new position in DLocal in the fourth quarter worth $25,099,000. Finally, Mirabella Financial Services LLP bought a new position in DLocal in the fourth quarter worth $1,345,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Performance

Shares of NASDAQ:DLO opened at $15.35 on Friday. DLocal Limited has a twelve month low of $7.61 and a twelve month high of $15.74. The firm has a market cap of $4.38 billion, a PE ratio of 31.98 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 1.65. The business has a fifty day moving average of $10.88 and a 200-day moving average of $10.51.

DLocal (NASDAQ:DLO) last announced its earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. DLocal had a return on equity of 35.95% and a net margin of 16.90%. The company had revenue of $256.50 million during the quarter, compared to analyst estimates of $226.71 million. During the same period last year, the company posted $0.15 earnings per share. The firm’s quarterly revenue was up 49.7% compared to the same quarter last year. On average, equities research analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLO has been the subject of several research reports. UBS Group reaffirmed a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of DLocal in a research report on Wednesday, July 30th. Morgan Stanley set a $15.00 price objective on DLocal in a research note on Thursday. Citigroup began coverage on DLocal in a research note on Tuesday, May 27th. They set a “buy” rating and a $14.60 price objective for the company. Susquehanna increased their price objective on DLocal from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, May 15th. Finally, Truist Financial began coverage on DLocal in a research note on Monday, June 2nd. They set a “hold” rating and a $12.00 price objective for the company. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.96.

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.