Investors Buy Large Volume of DLocal Call Options (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 12,710 call options on the stock. This represents an increase of approximately 279% compared to the typical volume of 3,356 call options.

DLocal Stock Performance

Shares of NASDAQ:DLO traded up $0.75 during trading hours on Wednesday, hitting $12.78. The stock had a trading volume of 3,261,470 shares, compared to its average volume of 1,582,761. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s fifty day simple moving average is $10.00 and its 200 day simple moving average is $8.77. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 3.36 and a beta of 0.89. DLocal has a 1-year low of $6.57 and a 1-year high of $18.76.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The company had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. Sell-side analysts anticipate that DLocal will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays raised their target price on shares of DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, DLocal presently has a consensus rating of “Hold” and an average price target of $12.61.

Hedge Funds Weigh In On DLocal

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fourth Sail Capital LP raised its stake in shares of DLocal by 60.8% in the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after buying an additional 906,561 shares in the last quarter. Sylebra Capital LLC bought a new stake in DLocal in the second quarter worth about $13,565,000. Baillie Gifford & Co. lifted its holdings 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 acquiring an additional 9,340 shares during the last quarter. Millennium Management LLC boosted its position in shares of DLocal by 151.2% during the 2nd quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after purchasing an additional 387,762 shares in the last quarter. Finally, State Street Corp grew its stake in shares of DLocal by 1.4% in the 3rd quarter. State Street Corp now owns 511,252 shares of the company’s stock worth $4,090,000 after purchasing an additional 6,992 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

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.