Traders Buy Large Volume of Call Options on DLocal (NASDAQ:DLO)

Key Points

• DLocal Limited experienced a significant increase in call options trading, with 6,722 call options purchased on Thursday, representing a 198% rise compared to its average volume.
• Institutional investors hold 90.13% of DLocal's stock, with notable new positions bought by AXA S.A. and WINTON GROUP Ltd during Q2.
• The company's stock price increased by 20.9% on Thursday, reaching $14.13, following positive earnings that beat analyst expectations, with a reported revenue of $256.50 million.

DLocal Limited (NASDAQ:DLO - Get Free Report) saw some unusual options trading on Thursday. Stock traders purchased 6,722 call options on the company. Thisrepresentsanincreaseof198% compared to the typical daily volume of 2,257 call options.

Hedge Funds Weigh In On DLocal

Institutional investors and hedge funds have recently modified their holdings of the company. AXA S.A. purchased a new position in DLocal during the second quarter valued at $933,000. WINTON GROUP Ltd purchased a new position in DLocal during the second quarter valued at $291,000. Marshall Wace LLP lifted its position in DLocal by 64.0% during the second quarter. Marshall Wace LLP now owns 2,683,988 shares of the company's stock valued at $30,436,000 after purchasing an additional 1,047,692 shares in the last quarter. PharVision Advisers LLC purchased a new position in DLocal during the second quarter valued at $238,000. Finally, Quantbot Technologies LP purchased a new position in DLocal during the second quarter valued at $254,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Stock Up 20.9%

DLO stock traded up $2.44 on Thursday, reaching $14.13. 7,554,167 shares of the company traded hands, compared to its average volume of 1,206,789. The company has a market cap of $4.03 billion, a P/E ratio of 29.01 and a beta of 1.10. The firm has a fifty day simple moving average of $10.78 and a 200-day simple moving average of $10.49. DLocal has a one year low of $7.61 and a one year high of $14.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.65 and a quick ratio of 1.65.

DLocal (NASDAQ:DLO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $256.50 million during the quarter, compared to analyst estimates of $226.71 million. DLocal had a return on equity of 37.55% and a net margin of 19.19%. The company's quarterly revenue was up 49.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. Research analysts anticipate that DLocal will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DLO shares. Susquehanna upped their target price on DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday, May 15th. Truist Financial started coverage on DLocal in a report on Monday, June 2nd. They issued a "hold" rating and a $12.00 price objective for the company. Citigroup started coverage on DLocal in a report on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price objective for the company. HSBC upgraded DLocal from a "hold" rating to a "buy" rating and upped their price objective for the stock from $11.50 to $15.00 in a report on Thursday. Finally, UBS Group reiterated a "neutral" rating and issued a $10.00 price objective (up from $9.00) on shares of DLocal in a report on Wednesday, July 30th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, DLocal presently has a consensus rating of "Hold" and a consensus price target of $12.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.