Exchange Traded Concepts LLC Acquires New Stake in DLocal Limited $DLO

Exchange Traded Concepts LLC bought a new position in shares of DLocal Limited (NASDAQ:DLO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 40,895 shares of the company’s stock, valued at approximately $578,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP increased its stake in DLocal by 14.8% during the third quarter. Marshall Wace LLP now owns 3,080,054 shares of the company’s stock worth $43,983,000 after purchasing an additional 396,066 shares during the period. Two Sigma Investments LP boosted its stake in shares of DLocal by 131.6% in the third quarter. Two Sigma Investments LP now owns 1,732,140 shares of the company’s stock valued at $24,735,000 after purchasing an additional 984,341 shares during the period. Holocene Advisors LP grew its holdings in shares of DLocal by 174.4% in the third quarter. Holocene Advisors LP now owns 1,349,365 shares of the company’s stock valued at $19,269,000 after purchasing an additional 857,685 shares in the last quarter. Tikvah Management LLC grew its holdings in shares of DLocal by 18.4% in the third quarter. Tikvah Management LLC now owns 1,248,322 shares of the company’s stock valued at $17,826,000 after purchasing an additional 193,823 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in DLocal by 103.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,147,776 shares of the company’s stock worth $16,390,000 after buying an additional 583,786 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Itau BBA Securities started coverage on shares of DLocal in a report on Wednesday, December 17th. They set an “outperform” rating and a $21.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reduced their price objective on DLocal from $18.50 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. Wall Street Zen upgraded DLocal from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Truist Financial lowered their target price on DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, DLocal currently has an average rating of “Moderate Buy” and an average target price of $17.00.

DLocal Price Performance

Shares of NASDAQ:DLO opened at $12.86 on Friday. DLocal Limited has a fifty-two week low of $7.61 and a fifty-two week high of $16.78. The firm’s 50 day moving average price is $12.60 and its 200 day moving average price is $13.64. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 20.09 and a beta of 1.06.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. DLocal had a net margin of 18.00% and a return on equity of 40.40%. The company had revenue of $337.89 million during the quarter, compared to analysts’ expectations of $294.29 million. During the same quarter in the previous year, the business posted $0.10 EPS. The firm’s revenue was up 65.2% on a year-over-year basis. On average, equities analysts anticipate that DLocal Limited will post 0.47 EPS for the current year.

DLocal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.1939 dividend. This represents a $0.78 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Wednesday, May 27th.

DLocal 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.