Renaissance Technologies LLC Sells 400,558 Shares of DLocal Limited $DLO

Renaissance Technologies LLC reduced its stake in shares of DLocal Limited (NASDAQ:DLO) by 34.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 774,342 shares of the company’s stock after selling 400,558 shares during the period. Renaissance Technologies LLC’s holdings in DLocal were worth $10,043,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its holdings 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 during the period. Geode Capital Management LLC raised its holdings in shares of DLocal by 0.8% during the second 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 during the period. Empowered Funds LLC lifted its position in DLocal by 2.7% in 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 in the last quarter. Osaic Holdings Inc. boosted its stake in DLocal by 17.1% in the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock worth $103,000 after purchasing an additional 1,329 shares during the period. Finally, Lane Generational LLC boosted its stake in DLocal by 0.4% in the 4th quarter. Lane Generational LLC now owns 507,257 shares of the company’s stock worth $7,173,000 after purchasing an additional 1,811 shares during the period. Institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

Shares of NASDAQ DLO opened at $15.08 on Monday. The business has a 50-day moving average of $13.35 and a 200-day moving average of $13.06. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 23.94 and a beta of 0.96. DLocal Limited has a fifty-two week low of $9.81 and a fifty-two week high of $16.78.

DLocal (NASDAQ:DLO) last released its earnings results on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The business had revenue of $335.86 million for the quarter, compared to analyst estimates of $331.20 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. DLocal’s revenue was up 54.9% on a year-over-year basis. On average, sell-side analysts expect that DLocal Limited will post 0.82 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at DLocal

In related news, Director William Rodney Pruett acquired 20,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $11.85 per share, with a total value of $237,000.00. Following the acquisition, the director owned 108,043 shares in the company, valued at $1,280,309.55. This represents a 22.72% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sebastian Kanovich sold 1,000,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $14,630,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 45.44% of the stock is owned by insiders.

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.