WINTON GROUP Ltd Increases Position in DLocal Limited $DLO

WINTON GROUP Ltd grew its position in shares of DLocal Limited (NASDAQ:DLO) by 536.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,525 shares of the company’s stock after purchasing 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 SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of DLocal by 114.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock valued at $26,000 after buying an additional 975 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 acquiring an additional 1,130 shares in the last quarter. Empowered Funds LLC boosted its holdings in DLocal by 2.7% during the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock valued at $406,000 after acquiring an additional 1,281 shares during the period. Osaic Holdings Inc. boosted its holdings in DLocal by 17.1% during the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock valued at $103,000 after acquiring an additional 1,329 shares during the period. Finally, Lane Generational LLC grew its position in DLocal by 0.4% in the 4th quarter. Lane Generational LLC now owns 507,257 shares of the company’s stock valued at $7,173,000 after acquiring an additional 1,811 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports 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. Wall Street Zen cut shares of DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group upped their target price 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. Truist Financial increased their target price on shares of DLocal from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Weiss Ratings raised shares of DLocal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, DLocal presently has an average rating of “Moderate Buy” and a consensus price target of $18.83.

Insiders Place Their Bets

In related news, Director Sebastian Kanovich sold 72,753 shares of DLocal stock in a transaction that occurred 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 transaction, the director owned 4,700 shares in the company, valued at $73,038. The trade was a 93.93% decrease in their ownership of the stock. The sale 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. Insiders have sold a total of 1,103,153 shares of company stock valued at $16,231,782 over the last 90 days. 45.44% of the stock is owned by company insiders.

DLocal Price Performance

Shares of NASDAQ DLO opened at $14.86 on Friday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 22.18 and a beta of 0.90. The stock’s 50-day moving average is $14.81 and its two-hundred day moving average is $13.36. DLocal Limited has a 1-year low of $10.64 and a 1-year high of $16.78.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. DLocal had a return on equity of 41.64% and a net margin of 15.04%.The business had revenue of $399.66 million during the quarter, compared to analysts’ expectations of $366.77 million. During the same quarter last year, the business posted $0.14 EPS. The business’s quarterly revenue was up 55.9% compared to the same quarter last year. Equities research analysts anticipate that DLocal Limited will post 0.82 earnings per share for the current fiscal year.

DLocal Profile

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.