SG Americas Securities LLC Takes a 63.3% Stake in DLocal Limited
DLocal Limited’s (NASDAQ:DLO) financial health has been given a significant boost by SG Americas Securities LLC, increasing its stake in the company by 63.3% in the fourth quarter of last year. As per its most recent filing on Form 13F with the Securities & Exchange Commission, SG Americas Securities LLC now holds 29,967 shares of DLocal Limited’s stock at a value of $467,000.
For those interested in further details regarding the hedge funds’ involvement with DLO, HoldingsChannel.com is an excellent resource that provides up-to-date information on insider trades and the latest 13F filings.
As an online payment solutions provider based in Uruguay, DLocal Limited experienced a rather choppy ride this past year as its stock price ranged from $9.03 to $33.63. The company has a current market capitalization worth $4 billion and offers a beta of 1.03, indicating that it may not necessarily mirror market trends.
To further bolster its financial stability, DLocal Limited maintains an exceptional quick ratio and current ratio of 1.82 each while boasting a debt-to-equity ratio of only 0.01.
At present, analysts have pegged the firm’s earnings growth at 0.97 times their current valuation and it sports price earnings ratio of around 39 – making them a relatively expensive buy compared to other firms within their niche.
DLocal stock opened promisingly at $13.50 on Friday and is poised for growth amid optimistic market conditions driven by increased demand for e-commerce services due to COVID-19 restrictions.
In conclusion, established financial institutions such as SG Americas Securities LLC taking bullish positions in companies like DLimited Local indicate positive market potential for emerging businesses even amidst uncertain global events such as pandemics or political crises. Investors keep combing through every available form of data seeking out rapidly expanding businesses within the marketplace.
DLocal: Navigating the Complexities of Cross-Border Payments
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”DLO” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]DLocal: A Leader in the Payments Industry
DLocal Limited is a payments platform company headquartered in Montevideo, Uruguay, operating globally with offices in key markets including Brazil, Mexico and Spain. The company provides cross-border payment solutions that enable global e-commerce companies to reach consumers around the world.
Recently, a number of hedge funds have bought and sold shares of DLocal. Yorktown Management & Research Co Inc., purchased a new position in DLocal worth $308,000 in the fourth quarter of 2021 which indicates confidence from investors. Values First Advisors Inc. and California State Teachers Retirement System also acquired stakes during Q3 2020.
Despite these recent purchases, the stock has faced criticism from some equities research analysts who have weighed in on the performance of DLocal. UBS Group downgraded DLocal from a “buy” rating to a “sell” rating and reduced their price target for the stock by half to $14.00 while Morgan Stanley cut their price target on Estée Lauder from $31.00 to $25.00. HSBC lowered its rating from “buy” to “hold” and Goldman Sachs dropped their target price for DLocal from $24.00 to $21.00 but did maintain their buy rating.
DLocal continues to report promising financial results posting $118 million in revenue during Q1 2021, however its earning per share result fell below market expectations with an EPS of only $0.08 resulting in mixed sentiment among investors and industry analysts.
DLocal serves a range of industries such as commerce, streaming, ride-hailing services, advertising agencies and crypto sectors amongst others highlighting how it caters not only domestically but across borders too showing its adaptability making it highly valuable.
Despite recent fluctuations in stocks value due to differing opinions between investors concerning pricing targets, DLocal’s service is becoming increasingly sought after indicating longevity within this competitive sector where garnering trust from investors and consumers is increasingly vital.
