Billionaire Daniel Sundheim is Buying These 5 Tech Stocks

4. DLocal Limited (NASDAQ:DLO)

Sundheim’s Stake Value: $135 million

Percentage of Daniel Sundheim’s 13F Portfolio: 0.88%

Number of Hedge Fund Holders: 20

DLocal Limited (NASDAQ:DLO) provides a payments technology platform that connects global enterprises with consumers. Ranked fourth on the list of the 10 tech stocks billionaire Daniel Sundheim is buying, the Uruguay-based  company manages mass online payments and transactions.

On August 19, HSBC analyst Neha Agarwala raised her price target on DLocal Limited (NASDAQ:DLO) to $55 from $52, and kept a Hold rating on the shares of the company.

The company issued its quarterly earnings result for the second quarter of 2021 on August 18, with a reported EPS of $0.07, crossing market estimates by $0.02. The reported revenue came in at $58.96 million, beating the estimated revenue by $18.26 million.

D1 Capital Partners held over 2.57 million share of DLocal Limited (NASDAQ:DLO) in the second quarter of 2021, worth more than $135 million. These shares represented 0.88% of the fund’s total portfolio value. By the end of the second quarter of 2021, 20 hedge funds out of the 873 tracked by Insider Monkey held stakes in DLocal Limited (NASDAQ:DLO) worth roughly $431.8 million.