PDT Partners LLC Has $2.80 Million Stake in DLocal Limited $DLO

Key Points

• PDT Partners LLC reduced its holdings in DLocal Limited by 5.5% during the first quarter, owning 336,191 shares worth approximately $2.8 million after the sale.
• DLocal's latest earnings report showed a 49.7% year-over-year revenue increase, reporting earnings per share of $0.14, beating analyst expectations.
• The stock has recently been upgraded by several analysts, with Susquehanna increasing its target price from $16.00 to $18.00, and a consensus rating of "Moderate Buy" among research analysts.

PDT Partners LLC cut its holdings in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,191 shares of the company's stock after selling 19,394 shares during the quarter. PDT Partners LLC owned about 0.12% of DLocal worth $2,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vident Advisory LLC increased its position in shares of DLocal by 6.3% during 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 during the period. Mariner LLC increased its position in shares of DLocal by 6.0% during the fourth quarter. Mariner LLC now owns 24,257 shares of the company's stock valued at $273,000 after purchasing an additional 1,365 shares during the period. Wells Fargo & Company MN grew its position 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 acquiring an additional 1,797 shares during the period. Penserra Capital Management LLC grew its position in DLocal by 1.8% in the first quarter. Penserra Capital Management LLC now owns 118,752 shares of the company's stock valued at $990,000 after acquiring an additional 2,078 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in DLocal by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,658 shares of the company's stock valued at $197,000 after acquiring an additional 2,375 shares during the period. 90.13% of the stock is currently owned by institutional investors.

DLocal Price Performance

Shares of DLO stock traded up $0.58 during trading hours on Friday, hitting $13.42. 5,493,004 shares of the company's stock were exchanged, compared to its average volume of 3,995,234. The stock's 50-day moving average is $12.14 and its 200-day moving average is $10.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 27.96 and a beta of 1.13. DLocal Limited has a 52 week low of $7.61 and a 52 week high of $16.44.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $226.71 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The firm's revenue for the quarter 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 forecast that DLocal Limited will post 0.47 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DLO. Morgan Stanley set a $15.00 price target on DLocal in a research report on Thursday, August 14th. Hsbc Global Res upgraded DLocal from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Susquehanna increased their price target on DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday, May 15th. Citigroup began coverage on DLocal in a research report on Tuesday, May 27th. They set a "buy" rating and a $14.60 price target on the stock. Finally, UBS Group restated a "neutral" rating and set a $10.00 target price (up previously from $9.00) on shares of DLocal in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, DLocal presently has a consensus rating of "Moderate Buy" and a consensus price target 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.