Investors Purchase High Volume of Call Options on DLocal (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) saw unusually large options trading activity on Thursday. Traders bought 4,441 call options on the stock. This represents an increase of approximately 177% compared to the average daily volume of 1,602 call options.

Institutional Investors Weigh In On DLocal

A number of large investors have recently added to or reduced their stakes in DLO. Azora Capital LP acquired a new stake in DLocal in the 4th quarter valued at about $37,144,000. Canada Pension Plan Investment Board acquired a new stake in DLocal in the 4th quarter valued at about $25,099,000. Baillie Gifford & Co. grew its stake in DLocal by 108.5% in the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock valued at $29,428,000 after acquiring an additional 1,360,183 shares during the last quarter. J. Goldman & Co LP grew its stake in DLocal by 175.5% in the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after acquiring an additional 860,681 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in DLocal in the 4th quarter valued at about $5,720,000. 90.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lowered their price target on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley restated an “equal weight” rating and set a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Susquehanna boosted their price objective on shares of DLocal from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group boosted their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, DLocal currently has a consensus rating of “Hold” and a consensus target price of $11.56.

DLocal Stock Up 4.7%

Shares of DLocal stock opened at $11.77 on Friday. The company has a market cap of $3.36 billion, a P/E ratio of 29.43, a PEG ratio of 3.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal has a one year low of $6.57 and a one year high of $14.26. The firm has a fifty day moving average of $8.98 and a two-hundred day moving average of $10.53.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $216.76 million during the quarter, compared to the consensus estimate of $213.52 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. On average, analysts forecast that DLocal will post 0.47 earnings per share for the current year.

DLocal Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be paid a $0.5251 dividend. The ex-dividend date of this dividend is Tuesday, May 27th.

DLocal Company Profile

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.