Goldman Sachs Group Inc. Raises Position in DLocal Limited $DLO

Goldman Sachs Group Inc. raised its stake in DLocal Limited (NASDAQ:DLO) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 575,111 shares of the company’s stock after purchasing an additional 22,803 shares during the quarter. Goldman Sachs Group Inc. owned 0.20% of DLocal worth $4,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tikvah Management LLC raised its stake in shares of DLocal by 16.9% in the first quarter. Tikvah Management LLC now owns 1,054,499 shares of the company’s stock worth $8,795,000 after purchasing an additional 152,699 shares during the last quarter. Lane Generational LLC raised its stake in shares of DLocal by 27.5% in the first quarter. Lane Generational LLC now owns 525,530 shares of the company’s stock worth $4,383,000 after purchasing an additional 113,297 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of DLocal by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 422,239 shares of the company’s stock worth $4,754,000 after purchasing an additional 7,029 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of DLocal by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company’s stock worth $1,478,000 after purchasing an additional 5,853 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of DLocal in the fourth quarter worth approximately $1,401,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Price Performance

DLocal stock opened at $14.64 on Wednesday. DLocal Limited has a one year low of $7.61 and a one year high of $16.44. The business has a fifty day moving average price of $12.49 and a 200-day moving average price of $10.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $4.57 billion, a P/E ratio of 30.50 and a beta of 1.13.

DLocal (NASDAQ:DLO) last posted its quarterly 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. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The firm had revenue of $256.50 million during the quarter, compared to analyst estimates of $226.71 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 49.7% on a year-over-year basis. DLocal has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that DLocal Limited will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DLO shares. Wall Street Zen raised DLocal from a “buy” rating to a “strong-buy” rating in a report on Sunday. HSBC raised DLocal from a “hold” rating to a “buy” rating and upped their target price for the company from $11.50 to $15.00 in a report on Thursday, August 14th. UBS Group reaffirmed a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of DLocal in a report on Wednesday, July 30th. Morgan Stanley set a $15.00 target price on DLocal in a report on Thursday, August 14th. Finally, Truist Financial upped their target price on DLocal from $12.00 to $14.00 and gave the company a “hold” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, DLocal has a consensus rating of “Moderate Buy” and an average target price of $14.00.

DLocal 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.