XP Inc. $XP Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of XP Inc. (NASDAQ:XP) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,784,717 shares of the company’s stock after acquiring an additional 170,550 shares during the quarter. Vanguard Group Inc. owned about 0.70% of XP worth $61,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ninety One UK Ltd boosted its position in XP by 9.4% during the fourth quarter. Ninety One UK Ltd now owns 6,186,576 shares of the company’s stock worth $101,274,000 after acquiring an additional 533,952 shares during the last quarter. Ninety One North America Inc. boosted its position in XP by 15.8% during the fourth quarter. Ninety One North America Inc. now owns 1,435,950 shares of the company’s stock worth $23,507,000 after acquiring an additional 195,948 shares during the last quarter. KBC Group NV boosted its position in XP by 37.4% during the fourth quarter. KBC Group NV now owns 171,436 shares of the company’s stock worth $2,806,000 after acquiring an additional 46,651 shares during the last quarter. Tandem Capital Management Corp ADV boosted its position in XP by 25.9% during the fourth quarter. Tandem Capital Management Corp ADV now owns 20,203 shares of the company’s stock worth $331,000 after acquiring an additional 4,150 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in XP by 3.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 799,887 shares of the company’s stock worth $13,094,000 after acquiring an additional 24,614 shares during the last quarter. 59.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of XP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Zacks Research lowered shares of XP from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Jefferies Financial Group began coverage on shares of XP in a report on Monday, January 19th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, UBS Group boosted their target price on shares of XP from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.67.

XP Price Performance

XP stock opened at $17.60 on Friday. The company’s 50 day simple moving average is $19.28 and its 200-day simple moving average is $18.85. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. XP Inc. has a 1 year low of $15.61 and a 1 year high of $23.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.36 and a current ratio of 5.36.

XP (NASDAQ:XP) last released its quarterly earnings results on Friday, February 13th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $806.08 million for the quarter. XP had a net margin of 27.51% and a return on equity of 23.08%. XP’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $2.23 earnings per share. As a group, equities research analysts expect that XP Inc. will post 2.06 earnings per share for the current year.

About XP

XP Inc provides financial products and services in Brazil. It offers securities brokerage, private pension plans, commercial, and investment banking products, such as loan operations and transactions in the foreign exchange markets and deposits; product structuring and capital markets services for corporate clients and issuers of fixed income products; advisory services for mass-affluent and institutional clients; and wealth management services for high-net-worth customers and institutional clients.