DLocal Limited $DLO Shares Sold by Bond Capital Management LP

Key Points

• Bond Capital Management LP has significantly reduced its holdings in DLocal Limited (NASDAQ:DLO) by 50%, owning 927,500 shares after selling the same number during the quarter.
• Several hedge funds, including Wells Fargo and Mirae Asset Global Investments, have increased their stake in DLocal, highlighting strong interest among institutional investors.
• DLocal reported a 49.7% year-over-year increase in revenue to $256.50 million for the quarter, surpassing analyst expectations, and achieved earnings per share of $0.14.

Bond Capital Management LP lowered its position in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 50.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 927,500 shares of the company's stock after selling 927,500 shares during the quarter. DLocal makes up about 4.2% of Bond Capital Management LP's holdings, making the stock its 4th largest holding. Bond Capital Management LP owned 0.32% of DLocal worth $7,735,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after acquiring an additional 1,797 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position 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 purchasing an additional 3,477 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of DLocal in the fourth quarter valued at approximately $55,000. Vident Advisory LLC grew its position in shares of 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 purchasing an additional 929 shares in the last quarter. Finally, Krane Funds Advisors LLC grew its position 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 purchasing an additional 8,870 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DLO. Morgan Stanley set a $15.00 price target on DLocal in a research report on Thursday, August 14th. UBS Group reiterated a "neutral" rating and issued a $10.00 price objective (up from $9.00) on shares of DLocal in a research report on Wednesday, July 30th. Susquehanna increased their price objective on DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday, May 15th. HSBC upgraded DLocal from a "hold" rating to a "buy" rating and increased their price objective for the stock from $11.50 to $15.00 in a research report on Thursday, August 14th. Finally, Citigroup started coverage on DLocal in a research report on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, DLocal currently has an average rating of "Moderate Buy" and an average price target of $13.73.

DLocal Trading Up 1.5%

DLO opened at $14.62 on Friday. DLocal Limited has a 52 week low of $7.61 and a 52 week high of $16.44. The business has a fifty day simple moving average of $11.42 and a 200-day simple moving average of $10.58. The firm has a market cap of $4.17 billion, a P/E ratio of 30.46 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 released its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $226.71 million. During the same period last year, the business posted $0.15 earnings per share. The company's quarterly revenue was up 49.7% on a year-over-year basis. DLocal has set its FY 2025 guidance at EPS. On average, equities analysts expect that DLocal Limited will post 0.47 earnings per share for the current year.

DLocal Company 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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