Baillie Gifford & Co. Purchases 1,360,183 Shares of DLocal Limited (NASDAQ:DLO)

Baillie Gifford & Co. raised its position in shares of DLocal Limited (NASDAQ:DLO) by 108.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,613,514 shares of the company’s stock after purchasing an additional 1,360,183 shares during the period. Baillie Gifford & Co. owned about 0.88% of DLocal worth $29,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management raised its position in DLocal by 265,600.0% during the 4th 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 position in shares of DLocal in the 4th quarter worth $82,000. International Assets Investment Management LLC bought a new position in shares of DLocal in the 3rd quarter worth $109,000. Aigen Investment Management LP bought a new position in shares of DLocal in the 3rd quarter worth $152,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of DLocal in the 3rd quarter worth $170,000. 90.13% of the stock is owned by institutional investors.

DLocal Stock Up 2.2 %

Shares of DLO stock opened at $13.39 on Tuesday. DLocal Limited has a 1-year low of $6.57 and a 1-year high of $18.27. The stock’s fifty day moving average price is $12.07 and its 200 day moving average price is $10.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DLO shares. The Goldman Sachs Group boosted their price target on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Barclays boosted their price target on DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Finally, Susquehanna boosted their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.81.

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.