BNP Paribas Financial Markets Has $8.38 Million Position in DLocal Limited $DLO

BNP Paribas Financial Markets raised its stake in DLocal Limited (NASDAQ:DLOFree Report) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 592,833 shares of the company’s stock after acquiring an additional 93,110 shares during the period. BNP Paribas Financial Markets’ holdings in DLocal were worth $8,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in DLocal by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,793 shares of the company’s stock valued at $354,000 after acquiring an additional 837 shares in the last quarter. Geode Capital Management LLC raised its holdings in DLocal by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock valued at $1,618,000 after acquiring an additional 1,130 shares in the last quarter. Empowered Funds LLC raised its holdings in DLocal by 2.7% in the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock valued at $406,000 after acquiring an additional 1,281 shares in the last quarter. Osaic Holdings Inc. raised its holdings in DLocal by 17.1% in the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock valued at $103,000 after acquiring an additional 1,329 shares in the last quarter. Finally, IFP Advisors Inc acquired a new position in DLocal in the 3rd quarter valued at $26,000. 90.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on DLO. Wall Street Zen cut DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. Truist Financial dropped their price objective on DLocal from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $17.00 price objective on shares of DLocal in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.63.

Check Out Our Latest Research Report on DLO

Insider Activity

In other DLocal news, Director William Rodney Pruett purchased 20,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $11.85 per share, for a total transaction of $237,000.00. Following the purchase, the director owned 108,043 shares in the company, valued at approximately $1,280,309.55. This trade represents a 22.72% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 45.44% of the company’s stock.

DLocal Stock Performance

Shares of DLO opened at $11.90 on Wednesday. DLocal Limited has a 52-week low of $9.75 and a 52-week high of $16.78. The business’s fifty day moving average is $12.69 and its 200-day moving average is $13.06. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 18.89 and a beta of 0.99.

DLocal (NASDAQ:DLOGet Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The company had revenue of $335.86 million for the quarter, compared to analyst estimates of $331.20 million. During the same quarter last year, the company posted $0.15 EPS. The company’s revenue for the quarter was up 54.9% compared to the same quarter last year. As a group, research analysts forecast that DLocal Limited will post 0.81 EPS for the current fiscal year.

DLocal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a $0.1939 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 6.5%. DLocal’s dividend payout ratio (DPR) is presently 125.40%.

DLocal Profile

(Free Report)

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.

Further Reading

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Institutional Ownership by Quarter for DLocal (NASDAQ:DLO)

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