Tikvah Management LLC Has $8.80 Million Holdings in DLocal Limited $DLO

Key Points

• Tikvah Management LLC increased its holdings in DLocal Limited by 16.9% in the first quarter, owning approximately $8.80 million worth of shares.
• DLocal's revenue for the last quarter reached $256.5 million, exceeding analysts' estimates, with a year-over-year growth of 49.7%.
• Several analysts have rated DLocal as a moderate buy, with a consensus price target of $13.51.

Tikvah Management LLC grew its holdings in DLocal Limited (NASDAQ:DLO - Free Report) by 16.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,054,499 shares of the company's stock after buying an additional 152,699 shares during the quarter. DLocal makes up about 3.1% of Tikvah Management LLC's investment portfolio, making the stock its 10th largest holding. Tikvah Management LLC owned approximately 0.37% of DLocal worth $8,795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DLO. Azora Capital LP purchased a new stake in DLocal in the 4th quarter worth approximately $37,144,000. Canada Pension Plan Investment Board purchased a new stake in DLocal in the 4th quarter worth approximately $25,099,000. J. Goldman & Co LP lifted its stake in shares of DLocal by 175.5% in the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock valued at $15,214,000 after purchasing an additional 860,681 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of DLocal in the 4th quarter valued at approximately $5,720,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of DLocal by 82.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company's stock valued at $11,125,000 after purchasing an additional 445,549 shares during the period. Hedge funds and other institutional investors own 90.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. HSBC upgraded DLocal from a "hold" rating to a "buy" rating and raised their target price for the company from $11.50 to $15.00 in a research note on Thursday, August 14th. Citigroup assumed coverage on DLocal in a research note on Tuesday, May 27th. They issued a "buy" rating and a $14.60 target price for the company. UBS Group restated a "neutral" rating and issued a $10.00 target price (up previously from $9.00) on shares of DLocal in a research note on Wednesday, July 30th. Morgan Stanley set a $15.00 target price on DLocal in a research note on Thursday, August 14th. Finally, 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. One research 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, DLocal presently has an average rating of "Moderate Buy" and a consensus target price of $13.73.

DLocal Stock Up 1.5%

DLO stock traded up $0.21 on Friday, reaching $14.62. 2,037,739 shares of the company traded hands, compared to its average volume of 1,380,307. DLocal Limited has a one year low of $7.61 and a one year high of $16.44. 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 company has a market cap of $4.17 billion, a P/E ratio of 30.46 and a beta of 1.10. The firm has a fifty day simple moving average of $11.33 and a 200-day simple moving average of $10.57.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The company had revenue of $256.50 million during the quarter, compared to analyst estimates of $226.71 million. During the same quarter last year, the company earned $0.15 EPS. The firm's revenue for the quarter was up 49.7% on a year-over-year basis. DLocal has set its FY 2025 guidance at EPS. Research analysts anticipate 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.