Azora Capital LP Sells 1,283,713 Shares of DLocal Limited $DLO

Key Points

• Azora Capital LP has reduced its stake in DLocal Limited by 38.9%, selling 1,283,713 shares, now holding approximately 1.1% of its investment portfolio in the company.
• DLocal reported a quarterly earnings per share of $0.14, exceeding analysts' expectations, with a revenue increase of 49.7% year-over-year.
• Institutional investors own about 90.13% of DLocal's shares, indicating strong market interest and support from large investment entities.

Azora Capital LP trimmed its stake in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 38.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,015,004 shares of the company's stock after selling 1,283,713 shares during the quarter. DLocal comprises approximately 1.1% of Azora Capital LP's investment portfolio, making the stock its 24th biggest position. Azora Capital LP owned about 0.71% of DLocal worth $16,805,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DLO. Wells Fargo & Company MN raised its stake in DLocal by 398.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after purchasing an additional 1,797 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of DLocal by 603.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock valued at $34,000 after buying an additional 3,477 shares during the period. Parvin Asset Management LLC acquired a new position in shares of DLocal in the fourth quarter valued at approximately $55,000. Krane Funds Advisors LLC increased its stake in shares of DLocal by 86.3% in the first quarter. Krane Funds Advisors LLC now owns 19,150 shares of the company's stock valued at $160,000 after buying an additional 8,870 shares during the period. Finally, Vident Advisory LLC boosted its holdings in DLocal by 6.3% in the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company's stock valued at $176,000 after acquiring an additional 929 shares during the last quarter. Institutional investors own 90.13% of the company's stock.

DLocal Stock Performance

Shares of DLO stock opened at $14.56 on Friday. The stock has a fifty day moving average of $11.78 and a 200 day moving average of $10.63. DLocal Limited has a 52 week low of $7.61 and a 52 week high of $16.44. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 30.33 and a beta of 1.10. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The business had revenue of $256.50 million during the quarter, compared to the consensus estimate of $226.71 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The firm's quarterly revenue was up 49.7% compared to the same quarter last year. DLocal has set its FY 2025 guidance at EPS. As a group, research analysts expect that DLocal Limited will post 0.47 earnings per share for the current year.

Analyst Ratings Changes

DLO has been the topic of several analyst reports. Morgan Stanley set a $15.00 target price on DLocal in a report on Thursday, August 14th. UBS Group reissued a "neutral" rating and issued a $10.00 price target (up previously from $9.00) on shares of DLocal in a research report on Wednesday, July 30th. Hsbc Global Res upgraded DLocal from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. HSBC upgraded DLocal from a "hold" rating to a "buy" rating and raised their price objective for the company from $11.50 to $15.00 in a research note on Thursday, August 14th. Finally, Citigroup assumed coverage on DLocal in a research note on Tuesday, May 27th. They set a "buy" rating and a $14.60 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $13.73.

DLocal Profile

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.

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