Wellington Management Group LLP Buys New Position in DLocal Limited $DLO

Wellington Management Group LLP acquired a new stake in DLocal Limited (NASDAQ:DLO) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,492,802 shares of the company’s stock, valued at approximately $19,399,000. Wellington Management Group LLP owned about 0.51% of DLocal as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new stake in shares of DLocal during the 1st quarter worth approximately $18,037,000. BNP Paribas Financial Markets boosted its stake in shares of DLocal by 18.6% in the 4th quarter. BNP Paribas Financial Markets now owns 592,833 shares of the company’s stock worth $8,383,000 after buying an additional 93,110 shares during the last quarter. Bond Capital Management LP bought a new position in DLocal during the second quarter valued at about $12,048,000. Empowered Funds LLC purchased a new position in DLocal in the first quarter valued at approximately $1,324,000. Finally, Fourth Sail Capital LP lifted its position in shares of DLocal by 54.8% during the 4th quarter. Fourth Sail Capital LP now owns 1,823,873 shares of the company’s stock valued at $25,790,000 after buying an additional 645,873 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

DLO has been the topic of a number of recent research reports. Wall Street Zen cut shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $20.00 in a research report on Wednesday, July 1st. Truist Financial upped their target price on shares of DLocal from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. 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 report on Friday, July 31st. Finally, Weiss Ratings raised DLocal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, DLocal currently has a consensus rating of “Moderate Buy” and an average price target of $18.83.

DLocal Price Performance

Shares of NASDAQ DLO opened at $15.52 on Monday. DLocal Limited has a 1 year low of $10.64 and a 1 year high of $16.78. The company’s 50-day moving average is $14.72 and its 200 day moving average is $13.28. The stock has a market capitalization of $4.58 billion, a P/E ratio of 23.16 and a beta of 0.90.

DLocal (NASDAQ:DLO) last released its earnings results on Friday, August 14th. The company reported $0.18 EPS 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. Research analysts anticipate that DLocal Limited will post 0.82 earnings per share for the current year.

Insider Buying and Selling at DLocal

In other 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 transaction of $14,630,000.00. Following the completion of the transaction, the director directly owned 1,000,000 shares in the company, valued at approximately $14,630,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 worth $16,231,782 over the last ninety days. 45.44% of the stock is currently owned by company insiders.

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.