M&G PLC lifted its position in DLocal Limited (NASDAQ:DLO – Free Report) by 178.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150,280 shares of the company’s stock after acquiring an additional 737,218 shares during the period. M&G PLC’s holdings in DLocal were worth $16,104,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in DLocal in the 1st quarter worth approximately $18,037,000. Tikvah Management LLC grew its position in DLocal by 13.8% during the 2nd quarter. Tikvah Management LLC now owns 1,420,822 shares of the company’s stock worth $18,464,000 after purchasing an additional 172,500 shares in the last quarter. Wellington Management Group LLP purchased a new position in DLocal during the 2nd quarter worth approximately $19,399,000. WINTON GROUP Ltd grew its position in DLocal by 536.3% during the 2nd quarter. WINTON GROUP Ltd now owns 142,525 shares of the company’s stock worth $1,852,000 after purchasing an additional 120,125 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in DLocal during the 3rd quarter valued at $1,515,000. Institutional investors and hedge funds own 90.13% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on DLO shares. Truist Financial reduced their target price on DLocal from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, October 23rd. The Goldman Sachs Group raised their target price on DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, November 2nd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
View Our Latest Research Report on DLocal
DLocal Stock Down 2.8%
DLO stock opened at $13.99 on Wednesday. The company has a 50 day moving average of $14.42 and a two-hundred day moving average of $13.54. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 20.88 and a beta of 0.95. DLocal Limited has a 12-month low of $10.64 and a 12-month high of $16.15.
DLocal (NASDAQ:DLO – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The business had revenue of $399.66 million for the quarter, compared to analysts’ expectations of $366.77 million. During the same period in the previous year, the company posted $0.14 EPS. DLocal’s revenue was up 55.9% on a year-over-year basis. On average, research analysts anticipate that DLocal Limited will post 0.80 EPS for the current year.
DLocal Company Profile
DLocal is a payments technology company that helps global businesses accept and send payments in emerging markets. Its platform connects merchants with local payment systems, allowing them to manage transactions across multiple countries through a single integration. The company’s services include payment collection, or pay-ins, and disbursements, or pay-outs. It supports local payment options such as cards, bank transfers, digital wallets and cash-based methods, helping businesses serve customers who may not use international payment networks.
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