Traders Buy Large Volume of Call Options on DLocal (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the target of some unusual options trading activity on Thursday. Investors bought 21,694 call options on the company. This represents an increase of approximately 219% compared to the average volume of 6,804 call options.

DLocal Stock Up 3.0%

Shares of DLO traded up $0.43 during trading hours on Thursday, hitting $14.71. 2,191,306 shares of the company were exchanged, compared to its average volume of 1,977,912. DLocal has a fifty-two week low of $10.64 and a fifty-two week high of $16.78. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 23.29 and a beta of 0.97. The firm’s fifty day moving average is $13.82 and its 200 day moving average is $13.10.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. DLocal had a return on equity of 41.22% and a net margin of 15.85%.DLocal’s revenue for the quarter was up 54.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Analysts anticipate that DLocal will post 0.82 EPS for the current year.

Analyst Ratings Changes

DLO has been the topic of a number of research reports. The Goldman Sachs Group upped their price objective on DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group raised shares of DLocal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.00 to $20.00 in a research report on Wednesday, July 1st. Wall Street Zen downgraded shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a research report on Friday, July 17th. Finally, Truist Financial lifted their price objective on shares of DLocal from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, DLocal has an average rating of “Buy” and a consensus target price of $17.75.

Insider Transactions at DLocal

In other DLocal news, Director Sebastian Kanovich sold 1,000,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 1,000,000 shares of the company’s stock, valued at $14,630,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Rodney Pruett acquired 20,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were bought at an average price of $11.85 per share, with a total value of $237,000.00. Following the completion of the transaction, the director directly owned 108,043 shares of the company’s stock, valued at approximately $1,280,309.55. The trade was a 22.72% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders sold 1,103,153 shares of company stock worth $16,231,782. 45.44% of the stock is owned by company insiders.

Institutional Trading of DLocal

A number of institutional investors and hedge funds have recently made changes to their positions in DLO. Royal Bank of Canada raised its position in DLocal by 562.7% during the first quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock valued at $406,000 after purchasing an additional 41,324 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of DLocal by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock valued at $4,796,000 after purchasing an additional 22,803 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of DLocal by 2.7% during the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after buying an additional 1,281 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 1,130 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of DLocal during the 2nd quarter worth $254,000. Institutional investors own 90.13% of the company’s stock.

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.