DNB Asset Management AS Takes $1.14 Million Position in DLocal Limited $DLO

DNB Asset Management AS bought a new position in shares of DLocal Limited (NASDAQ:DLO) during the third quarter, HoldingsChannel reports. The firm bought 79,674 shares of the company’s stock, valued at approximately $1,138,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of DLocal in the 3rd quarter worth approximately $29,000. Jones Financial Companies Lllp raised its stake in shares of DLocal by 221.1% in the third quarter. Jones Financial Companies Lllp now owns 4,816 shares of the company’s stock valued at $70,000 after purchasing an additional 3,316 shares in the last quarter. Osaic Holdings Inc. lifted its position in DLocal by 17.1% in the second quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock worth $103,000 after purchasing an additional 1,329 shares during the period. Boothbay Fund Management LLC bought a new position in DLocal in the second quarter worth $122,000. Finally, Man Group plc acquired a new stake in DLocal during the second quarter worth $130,000. 90.13% of the stock is currently owned by institutional investors.

DLocal Trading Down 4.8%

Shares of DLO stock opened at $11.94 on Wednesday. The company has a market capitalization of $3.73 billion, a P/E ratio of 21.32 and a beta of 1.14. DLocal Limited has a 12-month low of $7.61 and a 12-month high of $16.78. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $13.57 and a 200 day moving average price of $13.96.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.17 earnings per share for the quarter. DLocal had a net margin of 17.80% and a return on equity of 37.66%. The company had revenue of $282.48 million during the quarter. Research analysts forecast that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

DLO has been the subject of a number of recent research reports. Truist Financial set a $17.00 price objective on shares of DLocal in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research note on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on shares of DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Wall Street Zen downgraded DLocal from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Itau BBA Securities started coverage on DLocal in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $21.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, DLocal has a consensus rating of “Moderate Buy” and a consensus target price of $17.22.

About DLocal

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.