Bond Capital Management LP Takes Position in DLocal Limited $DLO

Key Points

• Bond Capital Management purchased 927,500 DLocal shares worth approximately $12.05 million, making DLocal its fifth-largest holding and representing about 0.31% of the company.
• DLocal reported quarterly revenue of $399.66 million, up 55.9% year over year and above expectations, while EPS of $0.18 matched consensus estimates.
• Analysts maintain a generally positive view, with six Buy ratings and one Hold rating, an average “Moderate Buy” recommendation, and an average price target of $18.67 versus the reported $15.53 share price.

Bond Capital Management LP purchased a new position in DLocal Limited (NASDAQ:DLO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 927,500 shares of the company's stock, valued at approximately $12,048,000. DLocal makes up about 3.9% of Bond Capital Management LP's portfolio, making the stock its 5th biggest holding. Bond Capital Management LP owned approximately 0.31% of DLocal at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DLO. Hussman Strategic Advisors Inc. purchased a new stake in shares of DLocal during the fourth quarter worth about $2,969,000. Hsbc Holdings PLC purchased a new position in DLocal in the 1st quarter valued at about $18,037,000. Maxi Investments CY Ltd boosted 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 buying an additional 80,000 shares during the last quarter. BNP Paribas Financial Markets increased its stake in DLocal by 18.6% during the 4th quarter. BNP Paribas Financial Markets now owns 592,833 shares of the company's stock worth $8,383,000 after buying an additional 93,110 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of DLocal in the first quarter valued at approximately $1,324,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Stock Performance

DLO stock opened at $15.53 on Wednesday. The firm has a market cap of $4.58 billion, a PE ratio of 23.18 and a beta of 0.97. DLocal Limited has a one year low of $10.64 and a one year high of $16.78. The firm's 50 day moving average price is $14.28 and its 200-day moving average price is $13.14.

DLocal (NASDAQ:DLO - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. DLocal had a return on equity of 41.64% and a net margin of 15.04%.The company had revenue of $399.66 million for the quarter, compared to the consensus estimate of $366.77 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company's revenue for the quarter was up 55.9% on a year-over-year basis. Equities research analysts predict that DLocal Limited will post 0.82 EPS for the current fiscal year.

Insider Transactions at DLocal

In other DLocal news, Director Sebastian Kanovich sold 72,753 shares of DLocal stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $15.54, for a total transaction of $1,130,581.62. Following the completion of the sale, the director directly owned 4,700 shares in the company, valued at $73,038. This trade represents a 93.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Rodney Pruett purchased 20,000 shares of DLocal stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of $11.85 per share, for a total transaction of $237,000.00. Following the completion of the purchase, the director directly owned 108,043 shares in the company, valued at approximately $1,280,309.55. This trade represents a 22.72% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 1,103,153 shares of company stock valued at $16,231,782 over the last three months. Corporate insiders own 45.44% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group upgraded DLocal from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $16.00 to $20.00 in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of DLocal from a "buy" rating to a "hold" rating in a report on Monday, May 18th. Weiss Ratings raised shares of DLocal from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Truist Financial increased their price objective on shares of DLocal from $15.00 to $17.00 and gave the company a "buy" rating in a report on Friday, July 24th. Finally, The Goldman Sachs Group boosted their target price on DLocal from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $18.67.

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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