Absolute Gestao de Investimentos Ltda. Has $4.74 Million Position in DLocal Limited $DLO

Key Points

• Absolute Gestao de Investimentos cut its DLocal stake by 59.3% in the second quarter, selling 531,665 shares and retaining 364,508 shares worth approximately $4.74 million.
• DLocal reported quarterly revenue of $399.66 million, up 55.9% year over year and above analyst expectations, while earnings per share of $0.18 matched consensus estimates.
• Analysts maintain a “Moderate Buy” consensus, with six Buy ratings and one Hold rating and an average price target of $18.83, compared with the stock’s reported price of $15.52.

Absolute Gestao de Investimentos Ltda. lessened its stake in DLocal Limited (NASDAQ:DLO - Free Report) by 59.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 364,508 shares of the company's stock after selling 531,665 shares during the period. DLocal comprises 0.5% of Absolute Gestao de Investimentos Ltda.'s portfolio, making the stock its 17th biggest holding. Absolute Gestao de Investimentos Ltda. owned approximately 0.12% of DLocal worth $4,737,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in DLO. IFP Advisors Inc acquired a new position in DLocal in the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of DLocal by 114.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company's stock worth $26,000 after purchasing an additional 975 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of DLocal during the 4th quarter worth approximately $40,000. Banque Cantonale Vaudoise bought a new stake in shares of DLocal during the first quarter valued at approximately $42,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of DLocal during the fourth quarter valued at approximately $95,000. 90.13% of the stock is owned by institutional investors and hedge funds.

DLocal Price Performance

Shares of NASDAQ DLO opened at $15.52 on Monday. DLocal Limited has a 12-month low of $10.64 and a 12-month high of $16.78. The firm's 50-day simple moving average is $14.72 and its 200 day simple moving average is $13.28. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 23.16 and a beta of 0.90.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The firm had revenue of $399.66 million during the quarter, compared to analysts' expectations of $366.77 million. During the same quarter last year, the company posted $0.14 EPS. The company's quarterly revenue was up 55.9% compared to the same quarter last year. On average, equities analysts expect that DLocal Limited will post 0.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on DLO. Weiss Ratings raised DLocal from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 17th. Wall Street Zen lowered shares of DLocal from a "buy" rating to a "hold" rating in a report on Monday, May 18th. UBS Group upgraded shares of DLocal from a "neutral" rating to a "buy" rating and increased their price objective for the company from $16.00 to $20.00 in a research note on Wednesday, July 1st. Truist Financial raised their price objective on shares of DLocal from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Finally, The Goldman Sachs Group lifted their target price on shares of DLocal from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, DLocal currently has an average rating of "Moderate Buy" and a consensus target price of $18.83.

Insiders Place Their Bets

In other DLocal news, Director Sebastian Kanovich sold 1,000,000 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $14.63, for a total transaction 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. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,103,153 shares of company stock valued at $16,231,782. Insiders own 45.44% of the company's stock.

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.

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