DLocal Limited $DLO Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd grew its holdings in shares of DLocal Limited (NASDAQ:DLO) by 536.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,525 shares of the company’s stock after buying an additional 120,125 shares during the period. WINTON GROUP Ltd’s holdings in DLocal were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its holdings in shares of DLocal by 114.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock valued at $26,000 after acquiring an additional 975 shares during the last quarter. IFP Advisors Inc purchased a new stake in DLocal during the third quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in DLocal during the fourth quarter worth approximately $40,000. Banque Cantonale Vaudoise purchased a new stake in DLocal during the first quarter worth approximately $42,000. Finally, Kestra Advisory Services LLC acquired a new position in DLocal in the fourth quarter valued at approximately $95,000. 90.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Sebastian Kanovich sold 72,753 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $15.54, for a total value of $1,130,581.62. Following the completion of the sale, the director owned 4,700 shares in the company, valued at $73,038. This represents a 93.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,103,153 shares of company stock valued at $16,231,782. 45.44% of the stock is owned by corporate insiders.

DLocal Stock Down 0.4%

NASDAQ:DLO opened at $14.86 on Friday. The company has a market capitalization of $4.38 billion, a PE ratio of 22.18 and a beta of 0.90. DLocal Limited has a 52-week low of $10.64 and a 52-week high of $16.78. The stock’s 50 day moving average price is $14.81 and its 200 day moving average price is $13.36.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $399.66 million during the quarter, compared to analysts’ expectations of $366.77 million. DLocal had a return on equity of 41.64% and a net margin of 15.04%.The firm’s revenue for the quarter was up 55.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. As a group, sell-side analysts anticipate that DLocal Limited will post 0.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on DLO. The Goldman Sachs Group increased their price target on shares of DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wall Street Zen downgraded shares of DLocal from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Truist Financial upped their target price on shares of DLocal from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Weiss Ratings raised shares of DLocal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Finally, UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.00 to $20.00 in a research note on Wednesday, July 1st. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, DLocal presently has a consensus rating of “Moderate Buy” and an average target price of $18.83.

About DLocal

dLocal is a Uruguay-based financial technology company that provides cross-border payment infrastructure for global businesses operating in emerging markets. Its platform enables merchants and digital companies to accept payments from local customers and distribute funds to users, contractors, sellers and other recipients in local currencies.

The company offers a single integration for payment collection and payouts, connecting businesses with local payment methods such as bank transfers, digital wallets, cash-based options and cards.