PDT Partners LLC Has $2.80 Million Stock Holdings 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 reduced its position in DLocal Limited (NASDAQ:DLO - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 336,191 shares of the company's stock after selling 19,394 shares during the quarter. PDT Partners LLC owned approximately 0.12% of DLocal worth $2,804,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lane Generational LLC lifted its holdings in shares of DLocal by 27.5% during the first quarter. Lane Generational LLC now owns 525,530 shares of the company's stock valued at $4,383,000 after acquiring an additional 113,297 shares during the period. J. Goldman & Co LP lifted its holdings in shares of DLocal by 175.5% during the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock valued at $15,214,000 after acquiring an additional 860,681 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of DLocal by 603.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock valued at $34,000 after acquiring an additional 3,477 shares during the period. BNP Paribas Financial Markets bought a new position in shares of DLocal during the fourth quarter valued at $5,720,000. Finally, Virtu Financial LLC lifted its holdings in shares of DLocal by 203.9% during the first quarter. Virtu Financial LLC now owns 38,267 shares of the company's stock valued at $319,000 after acquiring an additional 25,676 shares during the period. 90.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Hsbc Global Res raised DLocal from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Wall Street Zen raised DLocal from a "hold" rating to a "buy" rating in a report on Saturday. Susquehanna raised their target price on DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, May 15th. Truist Financial raised their target price on DLocal from $12.00 to $14.00 and gave the company a "hold" rating in a research note on Friday, August 22nd. Finally, Morgan Stanley set a $15.00 target price on DLocal in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.73.

DLocal Trading Up 4.5%

NASDAQ:DLO traded up $0.58 on Friday, hitting $13.42. 5,493,004 shares of the stock were exchanged, compared to its average volume of 4,179,712. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The company's 50-day moving average price is $12.14 and its 200 day moving average price is $10.62.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $256.50 million during the quarter, compared to analysts' expectations of $226.71 million. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The company's quarterly revenue was up 49.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. DLocal has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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.