Annex Advisory Services LLC Makes New Investment in DLocal Limited $DLO

Key Points

• Annex Advisory Services acquired 110,104 DLocal shares worth approximately $1.515 million in the third quarter. Institutional investors collectively own 90.13% of the company.
• DLocal reported quarterly revenue of $399.66 million, up 55.9% year over year and above analysts’ $366.77 million estimate, while earnings per share matched expectations at $0.18.
• Analysts remain bullish: six analysts rate DLocal a Buy, with a consensus price target of $19.20 versus the stock’s reported price of $14.67.

Annex Advisory Services LLC purchased a new stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 110,104 shares of the company's stock, valued at approximately $1,515,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP purchased a new position in DLocal during the 2nd quarter worth $19,399,000. Hsbc Holdings PLC purchased a new stake in shares of DLocal in the first quarter valued at about $18,037,000. Bond Capital Management LP purchased a new stake in shares of DLocal in the second quarter valued at about $12,048,000. Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of DLocal in the first quarter valued at about $11,623,000. Finally, SG Americas Securities LLC boosted its stake in shares of DLocal by 4,760.6% during the first quarter. SG Americas Securities LLC now owns 466,570 shares of the company's stock worth $6,051,000 after buying an additional 456,971 shares during the period. Hedge funds and other institutional investors own 90.13% of the company's stock.

DLocal Stock Performance

Shares of DLO opened at $14.67 on Friday. The stock has a market capitalization of $4.33 billion, a P/E ratio of 21.90 and a beta of 0.86. The company's fifty day moving average is $14.62 and its two-hundred day moving average is $13.76. DLocal Limited has a 1 year low of $10.64 and a 1 year high of $16.15.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. The company had revenue of $399.66 million during the quarter, compared to the consensus estimate of $366.77 million. DLocal had a net margin of 15.04% and a return on equity of 41.64%. DLocal's quarterly revenue was up 55.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. Sell-side analysts predict that DLocal Limited will post 0.81 EPS for the current year.

Insider Buying and Selling

In other news, Director Sebastian Kanovich sold 72,753 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $15.54, for a total value of $1,130,581.62. Following the completion of the sale, the director directly owned 4,700 shares of the company's stock, valued at $73,038. This trade represents a 93.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 45.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DLO shares. UBS Group raised DLocal from a "neutral" rating to a "buy" rating and raised their price target for the stock from $16.00 to $20.00 in a report on Wednesday, July 1st. The Goldman Sachs Group boosted their price target on DLocal from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Weiss Ratings raised DLocal from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Finally, Truist Financial increased their price objective on DLocal from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Six equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $19.20.

DLocal Profile

dLocal is a global payments technology company that provides businesses with access to consumers in emerging markets. Its platform enables international merchants to accept local payments, send funds, and manage cross-border transactions through a single integration, helping reduce the complexity of working with multiple payment methods, currencies, and financial systems.

The company's services include pay-ins, which allow consumers to purchase goods and services using locally preferred payment methods, and payouts, which enable businesses to distribute funds to customers, workers, sellers, and other recipients.

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