Tikvah Management LLC Raises Stake in DLocal Limited $DLO

Tikvah Management LLC grew its position in shares of DLocal Limited (NASDAQ:DLO) by 13.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,420,822 shares of the company’s stock after acquiring an additional 172,500 shares during the quarter. DLocal accounts for approximately 5.6% of Tikvah Management LLC’s portfolio, making the stock its 8th largest holding. Tikvah Management LLC’s holdings in DLocal were worth $18,464,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of DLocal during the first quarter valued at about $18,037,000. BNP Paribas Financial Markets grew its position in 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 purchasing an additional 93,110 shares in the last quarter. Bond Capital Management LP bought a new stake in DLocal in the 2nd quarter worth about $12,048,000. Wellington Management Group LLP purchased a new stake in DLocal in the 2nd quarter valued at about $19,399,000. Finally, Empowered Funds LLC purchased a new stake in DLocal in the 1st quarter valued at about $1,324,000. Institutional investors own 90.13% of the company’s stock.

DLocal Stock Performance

Shares of DLO stock opened at $14.66 on Thursday. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 21.88 and a beta of 0.90. DLocal Limited has a 52 week low of $10.64 and a 52 week high of $16.78. The firm’s 50-day simple moving average is $14.81 and its two-hundred day simple moving average is $13.34.

DLocal (NASDAQ:DLO) last released its earnings results on Friday, August 14th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $399.66 million during the quarter, compared to the consensus estimate of $366.77 million. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The company’s revenue was up 55.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. Analysts forecast that DLocal Limited will post 0.82 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial boosted their target price on DLocal from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Weiss Ratings raised DLocal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. The Goldman Sachs Group lifted their price target on DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 31st. UBS Group raised DLocal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $16.00 to $20.00 in a research report on Wednesday, July 1st. Finally, Wall Street Zen downgraded DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Six investment 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 has a consensus rating of “Moderate Buy” and an average price target of $18.83.

Insiders Place Their Bets

In other DLocal news, Director Sebastian Kanovich sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was 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 of the company’s stock, valued at $14,630,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,103,153 shares of company stock worth $16,231,782 over the last three months. 45.44% of the stock is currently owned by corporate 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.