DLocal Sees Unusually High Options Volume (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the target of unusually large options trading activity on Thursday. Stock investors purchased 11,277 call options on the company. This represents an increase of approximately 291% compared to the typical volume of 2,882 call options.

Institutional Trading of DLocal

Hedge funds and other institutional investors have recently modified their holdings of the company. Fourth Sail Capital LP boosted its position in DLocal by 60.8% during the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after acquiring an additional 906,561 shares during the last quarter. Sylebra Capital LLC bought a new position in shares of DLocal in the second quarter valued at $13,565,000. Baillie Gifford & Co. grew its stake in DLocal by 0.8% in the 3rd quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock valued at $10,027,000 after purchasing an additional 9,340 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new position in DLocal during the first quarter worth about $9,949,000. Finally, Millennium Management LLC grew its position in DLocal by 151.2% during the second quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock worth $5,212,000 after buying an additional 387,762 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Stock Performance

DLO traded down $0.23 during trading on Friday, hitting $9.97. 131,682 shares of the stock were exchanged, compared to its average volume of 1,596,857. DLocal has a 1-year low of $6.57 and a 1-year high of $19.45. The firm has a market capitalization of $2.95 billion, a P/E ratio of 25.50, a PEG ratio of 4.19 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $8.67 and a two-hundred day moving average price of $8.86.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. DLocal had a net margin of 16.35% and a return on equity of 32.57%. The firm had revenue of $171.30 million during the quarter, compared to analysts’ expectations of $203.18 million. During the same period in the prior year, the company earned $0.15 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that DLocal will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

DLO has been the topic of several recent analyst reports. Susquehanna cut their target price on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Bank of America upped their target price on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, Barclays reduced their target price on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.50.

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.