Trexquant Investment LP Sells 126,774 Shares of DLocal Limited $DLO

Key Points

• Trexquant Investment LP cut its stake in DLocal Limited by 50.7%, reducing its holdings to 123,182 shares worth approximately $1.03 million.
• DLocal's stock has increased by 4.5% and recently reported earnings of $0.14 per share, surpassing forecasts and indicating a 49.7% revenue growth year-over-year.
• Multiple analysts have upgraded DLocal's stock ratings, with the average price target now at $13.73, reflecting a majority sentiment that the stock is a Moderate Buy.

Trexquant Investment LP lessened its holdings in DLocal Limited (NASDAQ:DLO - Free Report) by 50.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,182 shares of the company's stock after selling 126,774 shares during the period. Trexquant Investment LP's holdings in DLocal were worth $1,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. J. Goldman & Co LP increased its stake in 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 buying an additional 860,681 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in DLocal in the 4th quarter valued at about $5,720,000. Tikvah Management LLC increased its stake in DLocal by 16.9% in the 1st quarter. Tikvah Management LLC now owns 1,054,499 shares of the company's stock valued at $8,795,000 after buying an additional 152,699 shares during the last quarter. Northern Trust Corp purchased a new stake in DLocal in the 4th quarter valued at about $1,401,000. Finally, Lane Generational LLC increased its stake in DLocal by 27.5% in the 1st quarter. Lane Generational LLC now owns 525,530 shares of the company's stock valued at $4,383,000 after buying an additional 113,297 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DLO. Hsbc Global Res upgraded shares of DLocal from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Truist Financial increased their price objective on shares of DLocal from $12.00 to $14.00 and gave the company a "hold" rating in a research note on Friday, August 22nd. UBS Group reiterated a "neutral" rating and issued a $10.00 price objective (up previously from $9.00) on shares of DLocal in a research note on Wednesday, July 30th. HSBC upgraded shares of DLocal from a "hold" rating to a "buy" rating and increased their price objective for the company from $11.50 to $15.00 in a research note on Thursday, August 14th. Finally, Wall Street Zen raised shares of DLocal from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.73.

DLocal Stock Performance

Shares of DLocal stock traded up $0.11 on Friday, reaching $13.73. 1,777,330 shares of the company traded hands, compared to its average volume of 3,064,856. DLocal Limited has a 52 week low of $7.61 and a 52 week high of $16.44. The company has a 50 day moving average of $12.37 and a 200 day moving average of $10.68. The firm has a market capitalization of $4.29 billion, a PE ratio of 28.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46.

DLocal (NASDAQ:DLO - Get Free Report) last released its earnings results 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 net margin of 16.90% and a return on equity of 36.85%. The firm had revenue of $256.50 million during the quarter, compared to the consensus estimate of $226.71 million. During the same period in the prior year, the firm earned $0.15 EPS. The company's revenue was up 49.7% compared to the same quarter last year. DLocal has set its FY 2025 guidance at EPS. Equities analysts forecast that DLocal Limited will post 0.47 earnings per share for the current year.

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.