Tikvah Management LLC Boosts 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 boosted its position in shares of DLocal Limited (NASDAQ:DLO - Free Report) by 16.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,054,499 shares of the company's stock after purchasing an additional 152,699 shares during the quarter. DLocal accounts for about 3.1% of Tikvah Management LLC's investment portfolio, making the stock its 10th biggest holding. Tikvah Management LLC owned about 0.37% of DLocal worth $8,795,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in 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 purchasing an additional 1,797 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 purchasing an additional 3,477 shares during the period. Parvin Asset Management LLC acquired a new position in DLocal during the fourth quarter valued at approximately $55,000. Vident Advisory LLC boosted its holdings 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 buying an additional 929 shares during the period. Finally, Krane Funds Advisors LLC boosted its holdings 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 buying an additional 8,870 shares during the period. Institutional investors and hedge funds own 90.13% of the company's stock.

DLocal Stock Up 1.5%

DLO traded up $0.21 during trading hours on Friday, hitting $14.62. 2,038,310 shares of the company's stock were exchanged, compared to its average volume of 3,057,841. DLocal Limited has a 1-year low of $7.61 and a 1-year high of $16.44. The stock's 50-day moving average is $11.42 and its two-hundred day moving average is $10.58. The stock has a market cap of $4.17 billion, a price-to-earnings 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 announced its 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 net margin of 16.90% and a return on equity of 36.85%. The business had revenue of $256.50 million during the quarter, compared to analysts' expectations of $226.71 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm's revenue was up 49.7% on a year-over-year basis. DLocal has set its FY 2025 guidance at EPS. Sell-side analysts predict that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. HSBC upgraded shares of DLocal from a "hold" rating to a "buy" rating and upped their price target for the company from $11.50 to $15.00 in a report on Thursday, August 14th. Hsbc Global Res upgraded shares of DLocal from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Citigroup assumed coverage on shares of DLocal in a report on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price target for the company. Morgan Stanley set a $15.00 price target on shares of DLocal in a report on Thursday, August 14th. Finally, Truist Financial upped their price target on shares of DLocal from $12.00 to $14.00 and gave the company a "hold" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently 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.