Absolute Gestao de Investimentos Ltda. Takes Position in DLocal Limited $DLO

Absolute Gestao de Investimentos Ltda. bought a new position in DLocal Limited (NASDAQ:DLO) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 896,173 shares of the company’s stock, valued at approximately $11,623,000. DLocal accounts for about 1.3% of Absolute Gestao de Investimentos Ltda.’s holdings, making the stock its 21st largest holding.

Several other hedge funds also recently bought and sold shares of DLO. Hussman Strategic Advisors Inc. bought a new position in shares of DLocal in the fourth quarter worth about $2,969,000. JPMorgan Chase & Co. grew its position in shares of DLocal by 2,144.7% during the third quarter. JPMorgan Chase & Co. now owns 273,400 shares of the company’s stock worth $3,904,000 after purchasing an additional 261,220 shares in the last quarter. Hsbc Holdings PLC bought a new stake in DLocal during the 1st quarter valued at approximately $18,037,000. Maxi Investments CY Ltd lifted its holdings in DLocal by 92.0% in the 4th quarter. Maxi Investments CY Ltd now owns 167,000 shares of the company’s stock worth $2,361,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in DLocal by 12.2% in the 4th quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company’s stock worth $42,373,000 after purchasing an additional 326,537 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

Shares of DLO stock opened at $14.49 on Friday. DLocal Limited has a 1 year low of $9.81 and a 1 year high of $16.78. The stock’s 50 day simple moving average is $13.05 and its two-hundred day simple moving average is $13.07. The company has a market cap of $4.27 billion, a PE ratio of 23.00 and a beta of 0.97.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The business had revenue of $335.86 million for the quarter, compared to analysts’ expectations of $331.20 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business’s revenue was up 54.9% compared to the same quarter last year. Equities research analysts expect that DLocal Limited will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DLO shares. The Goldman Sachs Group reiterated a “buy” rating and set a $17.00 price objective on shares of DLocal in a research report on Thursday, April 30th. UBS Group raised shares of DLocal from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.00 to $20.00 in a research note on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a report on Friday, July 17th. Truist Financial boosted their price target on shares of DLocal from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wall Street Zen downgraded shares of DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, DLocal has a consensus rating of “Buy” and a consensus target price of $17.50.

Insider Transactions at DLocal

In other DLocal news, Director William Rodney Pruett purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of $11.85 per share, with a total value of $237,000.00. Following the purchase, the director owned 108,043 shares of the company’s stock, valued at approximately $1,280,309.55. The trade was a 22.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sebastian Kanovich sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $14.63, for a total value of $14,630,000.00. Following the transaction, the director owned 1,000,000 shares of the company’s stock, valued at approximately $14,630,000. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 45.44% of the stock is currently owned by insiders.

DLocal Company Profile

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.