Azora Capital LP bought a new stake in shares of DLocal Limited (NASDAQ:DLO – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,547,965 shares of the company’s stock, valued at approximately $21,888,000. DLocal makes up about 1.4% of Azora Capital LP’s investment portfolio, making the stock its 20th largest holding. Azora Capital LP owned approximately 0.50% of DLocal as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of DLO. Royal Bank of Canada increased its stake in shares of DLocal by 562.7% during the first quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock valued at $406,000 after purchasing an additional 41,324 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of DLocal by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock valued at $4,796,000 after purchasing an additional 22,803 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of DLocal by 2.7% during the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock valued at $406,000 after purchasing an additional 1,281 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of DLocal by 0.8% during the second quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock valued at $1,618,000 after purchasing an additional 1,130 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of DLocal during the second quarter valued at approximately $254,000. 90.13% of the stock is owned by hedge funds and other institutional investors.
DLocal Stock Performance
Shares of DLocal stock opened at $12.74 on Thursday. The stock has a market capitalization of $3.76 billion, a PE ratio of 20.22 and a beta of 0.99. DLocal Limited has a 52-week low of $9.79 and a 52-week high of $16.78. The company has a 50-day simple moving average of $12.66 and a two-hundred day simple moving average of $13.04.
Insider Buying and Selling at DLocal
In related news, Director William Rodney Pruett acquired 20,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of $11.85 per share, with a total value of $237,000.00. Following the completion of the acquisition, the director directly owned 108,043 shares of the company’s stock, valued at approximately $1,280,309.55. This trade represents a 22.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 45.44% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on DLO shares. The Goldman Sachs Group reiterated a “buy” rating and set a $17.00 target price on shares of DLocal in a report on Thursday, April 30th. Wall Street Zen lowered shares of 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. Finally, Truist Financial decreased their target price on shares of DLocal from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.63.
Get Our Latest Analysis on DLocal
DLocal Company Profile
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.
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