Proem Advisors LLC Buys 261,702 Shares of DLocal Limited $DLO

Proem Advisors LLC grew its position in shares of DLocal Limited (NASDAQ:DLO) by 83.5% during the third quarter, HoldingsChannel.com reports. The firm owned 575,000 shares of the company’s stock after purchasing an additional 261,702 shares during the period. DLocal makes up approximately 0.9% of Proem Advisors LLC’s portfolio, making the stock its 15th biggest holding. Proem Advisors LLC’s holdings in DLocal were worth $8,211,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in DLocal by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock worth $1,618,000 after purchasing an additional 1,130 shares during the last quarter. Empowered Funds LLC lifted its stake in DLocal by 2.7% in the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock valued at $406,000 after buying an additional 1,281 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of DLocal by 17.1% during the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock worth $103,000 after buying an additional 1,329 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of DLocal during the 3rd quarter worth about $29,000. Finally, Main Management ETF Advisors LLC increased its holdings in shares of DLocal by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 146,579 shares of the company’s stock valued at $1,662,000 after acquiring an additional 2,388 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

DLO opened at $13.93 on Friday. The stock’s 50 day moving average price is $13.82 and its 200-day moving average price is $13.56. DLocal Limited has a 52-week low of $7.61 and a 52-week high of $16.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $4.35 billion, a PE ratio of 24.88 and a beta of 1.13.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.17 earnings per share (EPS) for the quarter. The business 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%. On average, equities research analysts predict that DLocal Limited will post 0.47 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on DLO. Truist Financial set a $17.00 target price on shares of DLocal in a research report on Tuesday. Itau BBA Securities began coverage on shares of DLocal in a report on Wednesday, December 17th. They set an “outperform” rating and a $21.00 price objective on the stock. The Goldman Sachs Group set a $19.00 price target on DLocal and gave the stock a “buy” rating in a report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a report on Wednesday. Finally, Wall Street Zen cut shares of DLocal from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

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.