Baillie Gifford & Co. increased its position in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,996,660 shares of the company's stock after purchasing an additional 326,537 shares during the period. Baillie Gifford & Co. owned approximately 0.96% of DLocal worth $42,373,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in DLO. Royal Bank of Canada lifted its holdings in DLocal by 562.7% during the 1st quarter. Royal Bank of Canada now owns 48,668 shares of the company's stock worth $406,000 after purchasing an additional 41,324 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in DLocal by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company's stock worth $4,796,000 after purchasing an additional 22,803 shares during the last quarter. Empowered Funds LLC lifted its holdings in DLocal by 2.7% during the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company's stock worth $406,000 after purchasing an additional 1,281 shares during the last quarter. Geode Capital Management LLC lifted its holdings in DLocal by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 142,677 shares of the company's stock worth $1,618,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in DLocal during the 2nd quarter worth approximately $254,000. 90.13% of the stock is owned by institutional investors and hedge funds.
DLocal Price Performance
Shares of NASDAQ DLO opened at $13.65 on Tuesday. The stock has a market capitalization of $4.03 billion, a PE ratio of 21.33 and a beta of 1.06. The business has a fifty day moving average price of $12.46 and a two-hundred day moving average price of $13.56. DLocal Limited has a fifty-two week low of $8.55 and a fifty-two week high of $16.78.
DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. DLocal had a return on equity of 40.40% and a net margin of 18.00%.The company had revenue of $337.89 million for the quarter, compared to analyst estimates of $294.29 million. During the same quarter last year, the company posted $0.10 EPS. The company's revenue for the quarter was up 65.2% compared to the same quarter last year. On average, equities analysts expect that DLocal Limited will post 0.47 EPS for the current year.
DLocal Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a $0.1939 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 5.7%.
Analysts Set New Price Targets
DLO has been the subject of several analyst reports. Truist Financial dropped their price objective on DLocal from $17.00 to $15.00 and set a "buy" rating for the company in a report on Tuesday, March 17th. JPMorgan Chase & Co. dropped their price objective on DLocal from $18.50 to $18.00 and set an "overweight" rating for the company in a report on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of DLocal in a report on Wednesday, January 21st. Itau BBA Securities initiated coverage on DLocal in a report on Wednesday, December 17th. They issued an "outperform" rating and a $21.00 price objective for the company. Finally, Wall Street Zen raised DLocal from a "hold" rating to a "buy" rating in a report on Sunday, April 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, DLocal has an average rating of "Moderate Buy" and an average price target of $17.00.
Check Out Our Latest Research Report on DLocal
DLocal Company Profile
(
Free Report)
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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