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

DLocal Limited (NASDAQ:DLO) was the target of unusually large options trading activity on Thursday. Stock traders bought 4,441 call options on the company. This is an increase of approximately 177% compared to the typical volume of 1,602 call options.

DLocal Stock Performance

NASDAQ:DLO opened at $11.24 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 3.09 and a beta of 0.97. The company’s 50-day moving average is $8.91 and its two-hundred day moving average is $10.51. DLocal has a 1-year low of $6.57 and a 1-year high of $14.26.

DLocal (NASDAQ:DLO) last posted its earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $216.76 million for the quarter, compared to analyst estimates of $213.52 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. Analysts forecast that DLocal will post 0.47 EPS for the current year.

Hedge Funds Weigh In On DLocal

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of DLocal by 132.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock worth $3,946,000 after acquiring an additional 280,607 shares in the last quarter. R Squared Ltd purchased a new position in shares of DLocal in the 4th quarter valued at $82,000. Activest Wealth Management grew its position in shares of DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after buying an additional 2,656 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of DLocal by 108.5% in the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock valued at $29,428,000 after buying an additional 1,360,183 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of DLocal in the 4th quarter valued at $300,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Susquehanna boosted their target price on shares of DLocal from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday. The Goldman Sachs Group boosted their target price on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Barclays dropped their price objective on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. raised shares of DLocal from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.56.

About DLocal

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.