DNB Asset Management AS Buys Shares of 79,674 DLocal Limited $DLO

DNB Asset Management AS bought a new position in DLocal Limited (NASDAQ:DLO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 79,674 shares of the company’s stock, valued at approximately $1,138,000.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of DLocal by 562.7% in the 1st quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock valued at $406,000 after buying an additional 41,324 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in DLocal by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock valued at $4,796,000 after acquiring an additional 22,803 shares during the last quarter. Empowered Funds LLC grew its position in DLocal by 2.7% in the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after acquiring an additional 1,281 shares in the last quarter. Fox Run Management L.L.C. increased its stake in shares of DLocal by 61.2% during the 2nd quarter. Fox Run Management L.L.C. now owns 47,325 shares of the company’s stock worth $537,000 after purchasing an additional 17,976 shares during the last quarter. Finally, Fourth Sail Capital LP raised its holdings in shares of DLocal by 33.7% during the 2nd quarter. Fourth Sail Capital LP now owns 1,546,639 shares of the company’s stock valued at $17,539,000 after purchasing an additional 390,270 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Price Performance

Shares of NASDAQ:DLO opened at $11.94 on Wednesday. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 21.32 and a beta of 1.14. The business has a 50 day moving average price of $13.57 and a 200 day moving average price of $13.96. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. DLocal Limited has a twelve month low of $7.61 and a twelve month high of $16.78.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.17 EPS for the quarter. The company had revenue of $282.48 million during the quarter. DLocal had a return on equity of 37.66% and a net margin of 17.80%. Research analysts predict that DLocal Limited will post 0.47 earnings per share for the current year.

Analyst Ratings Changes

DLO has been the subject of a number of recent research reports. Wall Street Zen cut shares of DLocal from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Itau BBA Securities started coverage on DLocal in a research note on Wednesday, December 17th. They set an “outperform” rating and a $21.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on DLocal from $18.50 to $18.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a report on Wednesday, January 21st. Finally, Truist Financial set a $17.00 price target on DLocal in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, DLocal currently has an average rating of “Moderate Buy” and an average price target of $17.22.

About DLocal

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.