Fidelity Management & Research Co has recently announced that it has increased stake in DLocal Limited (NASDAQ:DLO) by 43.50%. After grabbing 15.14 million shares, the institutional investor is now in possession of 4.59 million shares of the Technology Company. The new investment brought the stake of investor firm to 9.35% having worth around $226.12 million. Moreover, Tiger Global Management LLC increased its share by 2.85 million to have a control over 7.14 million shares. And Eventide Asset Management LLC raised its holdings to 2.05 million shares by acquiring 6.0 million shares or 3.70% of the stake.
DLocal Limited (DLO) concluded trading on 03/15/23 at a closing price of $15.02, with 1.98 million shares of worth about $29.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -40.42% during that period and on Wednesday the price saw a loss of about -1.64%. Currently the company’s common shares owned by public are about 295.92M shares, out of which, 146.84M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the DLO stock and their offered price forecasts bring an average price target of $19.80. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $31.00 and could fall to a lowest price of $14.00. The stock’s current price level is 22.3% above of average price target set by the analysts, while a rise to estimated low would result in loss of -7.29% for the stock. However, touching the estimated high of $31.00 would mean a gain of 51.55% for the stock.
Catalyst Eventide Gilead Fund, Fidelity Advisor Series I -Growth, and Fidelity Inv. Trust – Emerging Ma are the top 3 mutual funds which are holding stakes in DLocal Limited Catalyst Eventide Gilead Fund is currently holding 5.76 million shares of worth totaling $86.03 million. The company recently came buying 2.13 million shares which brought its stake up to 3.56% of the company’s outstanding shares. Fidelity Inv. Trust – Emerging Ma, after buying 2.64 million shares, have now control over 1.63% of the stake in the company. It holds 0.0 shares of worth $39.47 million.
DLocal Limited (NASDAQ: DLO) started trading at $14.95, below -$0.32 from concluding price of the previous day. However, the stock later moved at a day high price of 15.76, or with a loss of -1.64%. Stock saw a price change of -2.47% in past 5 days and over the past one month there was a price change of -8.08%. Year-to-date (YTD), DLO shares are showing a performance of -3.53% which decreased to -35.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.03 but also hit the highest price of $35.96 during that period. The average intraday trading volume for DLocal Limited shares is 1.26 million. The stock is currently trading -1.83% below its 20-day simple moving average (SMA20), while that difference is down -5.32% for SMA50 and it goes to -29.22% lower than SMA200.
Fidelity Management & Research Co acquired 15.14 million shares of DLocal Limited having value of about $226.12 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 4.59 million shares in the company valued at close to $68914358.46, or have control over 43.50% stake in the company. DLocal Limited (NASDAQ: DLO) currently have 295.92M outstanding shares and institutions hold larger chunk of about 91.10% of that. Holding of mutual funds in the company is about 18.06% while other institutional holders and individual stake holders have control over 21.02% and — of the stake respectively.
The stock has a current market capitalization of $4.75B. PE ratio of stock for trailing 12 months is 41.96, while it has posted earnings per share of $0.36 in the same period. Its PEG reads 0.85 and has Quick Ratio of 1.70 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DLO, volatility over the week remained 7.51% while standing at 4.64% over the month.
Analysts are in expectations that DLocal Limited (DLO) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $0.13 and it is $0.64 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.09 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 162.00% while it is estimated to increase by 50.61% in next year.
Analysts at 10 brokerage firms have issued recommendations for the DLocal Limited (DLO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.70. Out of those 10 Wall Street analysts, 4 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on March 03, 2023 offering a Sell rating for the stock and assigned a target price range of between $36 and $14 to it. Coverage by BofA Securities stated DLocal Limited (DLO) stock as a Buy in their note to investors on December 22, 2022, suggesting a price target of $18 for the stock. On December 21, 2022, New Street Downgrade their recommendations, while on September 26, 2022, SMBC Nikko Downgrade their ratings for the stock with a price target of $22. Stock get a Buy rating from New Street on May 09, 2022.
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