SG Americas Securities LLC Has $6.05 Million Stock Holdings in DLocal Limited $DLO

SG Americas Securities LLC increased its holdings in shares of DLocal Limited (NASDAQ:DLO) by 4,760.6% in the first quarter, Holdings Channel.com reports. The firm owned 466,570 shares of the company’s stock after purchasing an additional 456,971 shares during the quarter. SG Americas Securities LLC’s holdings in DLocal were worth $6,051,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Hussman Strategic Advisors Inc. bought a new stake in shares of DLocal during the fourth quarter worth $2,969,000. JPMorgan Chase & Co. lifted its position in DLocal by 2,144.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 273,400 shares of the company’s stock valued at $3,904,000 after acquiring an additional 261,220 shares in the last quarter. Maxi Investments CY Ltd boosted its stake in DLocal by 92.0% in the 4th quarter. Maxi Investments CY Ltd now owns 167,000 shares of the company’s stock worth $2,361,000 after purchasing an additional 80,000 shares during the period. Baillie Gifford & Co. boosted its stake in DLocal by 12.2% in the 4th quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company’s stock worth $42,373,000 after purchasing an additional 326,537 shares during the period. Finally, Paradice Investment Management LLC increased its holdings in DLocal by 93.5% during the 4th quarter. Paradice Investment Management LLC now owns 1,943,360 shares of the company’s stock worth $27,479,000 after purchasing an additional 938,938 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DLO. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. Wall Street Zen downgraded DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $17.00 target price on shares of DLocal in a research report on Thursday, April 30th. Finally, Truist Financial reduced their price target on DLocal from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.62.

Insiders Place Their Bets

In other news, Director William Rodney Pruett purchased 20,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $11.85 per share, with a total value of $237,000.00. Following the completion of the transaction, the director owned 108,043 shares of the company’s stock, valued at $1,280,309.55. The trade was a 22.72% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 45.44% of the company’s stock.

DLocal Stock Performance

Shares of NASDAQ DLO opened at $12.69 on Monday. The stock has a 50 day moving average price of $12.56 and a 200 day moving average price of $13.00. The stock has a market capitalization of $3.74 billion, a PE ratio of 20.14 and a beta of 0.99. DLocal Limited has a 52 week low of $9.81 and a 52 week high of $16.78.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $335.86 million for the quarter, compared to analyst estimates of $331.20 million. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The business’s quarterly revenue was up 54.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 EPS. As a group, research analysts forecast that DLocal Limited will post 0.81 EPS for the current year.

DLocal Profile

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.