Wellington Management Group LLP Makes New $19.40 Million Investment in DLocal Limited $DLO

Wellington Management Group LLP bought a new position in DLocal Limited (NASDAQ:DLO) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,492,802 shares of the company’s stock, valued at approximately $19,399,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. IFP Advisors Inc purchased a new stake in DLocal during the third quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its stake in DLocal by 114.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after acquiring an additional 975 shares during the period. University of Texas Texas AM Investment Management Co. bought a new stake in shares of DLocal during the 4th quarter valued at $40,000. Banque Cantonale Vaudoise bought a new stake in DLocal during the first quarter valued at about $42,000. Finally, Kestra Advisory Services LLC bought a new stake in DLocal during the 4th quarter valued at approximately $95,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Stock Performance

DLO stock opened at $15.52 on Monday. DLocal Limited has a one year low of $10.64 and a one year high of $16.78. The firm has a 50-day simple moving average of $14.72 and a two-hundred day simple moving average of $13.28. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 23.16 and a beta of 0.90.

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

Insider Activity at DLocal

In related news, Director Sebastian Kanovich sold 1,000,000 shares of DLocal stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $14.63, for a total value of $14,630,000.00. Following the completion of the sale, the director directly owned 1,000,000 shares in the company, valued at $14,630,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,103,153 shares of company stock valued at $16,231,782. Company insiders own 45.44% of the company’s stock.

Analysts Set New Price Targets

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

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.