DLocal Target of Unusually Large Options Trading (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) saw some unusual options trading on Friday. Stock traders purchased 5,785 call options on the company. This is an increase of 116% compared to the average daily volume of 2,683 call options.

Institutional Investors Weigh In On DLocal

Several institutional investors and hedge funds have recently made changes to their positions in DLO. Vident Advisory LLC boosted its holdings in DLocal by 6.3% in the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock valued at $176,000 after acquiring an additional 929 shares during the last quarter. Mariner LLC lifted its position in shares of DLocal by 6.0% in the 4th quarter. Mariner LLC now owns 24,257 shares of the company’s stock worth $273,000 after purchasing an additional 1,365 shares during the period. Lane Generational LLC boosted its stake in shares of DLocal by 0.4% in the 4th quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock valued at $4,642,000 after purchasing an additional 1,717 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after buying an additional 1,797 shares during the period. Finally, Activest Wealth Management raised its stake in DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after buying an additional 2,656 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Price Performance

Shares of DLO stock traded down $4.08 on Friday, hitting $9.68. 5,086,023 shares of the company’s stock were exchanged, compared to its average volume of 1,235,546. DLocal has a 12 month low of $6.57 and a 12 month high of $18.27. The stock has a market cap of $2.86 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The company has a 50 day moving average of $12.32 and a 200 day moving average of $10.37.

DLocal (NASDAQ:DLO) last posted its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. On average, equities research analysts predict that DLocal will post 0.47 EPS for the current year.

Wall Street Analyst Weigh In

DLO has been the topic of several research reports. Barclays upped their price objective on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $18.00 in a research report on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 target price (down previously from $11.00) on shares of DLocal in a research report on Friday. Susquehanna boosted their price target on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group increased their price objective on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.06.

About DLocal

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.