XP Inc. $XP Stock: Sustainable Growth Advisers LP Lowers Position

Sustainable Growth Advisers LP lowered its stake in XP Inc. (NASDAQ:XP) by 18.8% during the third quarter, HoldingsChannel reports. The firm owned 397,755 shares of the company’s stock after selling 91,999 shares during the quarter. Sustainable Growth Advisers LP’s holdings in XP were worth $8,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of XP. EverSource Wealth Advisors LLC raised its stake in shares of XP by 46.2% during the first quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock worth $47,000 after purchasing an additional 781 shares during the last quarter. Parallel Advisors LLC grew its position in XP by 117.3% in the 1st quarter. Parallel Advisors LLC now owns 3,288 shares of the company’s stock valued at $63,000 after buying an additional 1,775 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in XP in the 2nd quarter valued at $91,000. Strategic Investment Advisors MI purchased a new position in XP in the 1st quarter valued at $126,000. Finally, 9823 Capital L.P. acquired a new position in XP in the 4th quarter valued at $183,000. Hedge funds and other institutional investors own 59.15% of the company’s stock.

Analysts Set New Price Targets

XP has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of XP from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Weiss Ratings upgraded shares of XP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 2nd. Itau BBA Securities raised shares of XP from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Monday, August 31st. JPMorgan Chase & Co. lifted their target price on shares of XP from $26.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Finally, UBS Group boosted their price target on shares of XP from $25.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.80.

Insider Buying and Selling at XP

In other news, Director Bruno Constantino Alexandre dos Santos sold 123,257 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $19.58, for a total value of $2,413,372.06. Following the completion of the transaction, the director owned 1,500,000 shares in the company, valued at $29,370,000. This trade represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

XP Trading Down 1.5%

NASDAQ:XP opened at $30.04 on Friday. The stock has a fifty day moving average price of $20.82 and a two-hundred day moving average price of $18.63. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 0.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.80 and a current ratio of 4.80. XP Inc. has a 1 year low of $14.80 and a 1 year high of $32.73.

XP (NASDAQ:XP) last released its earnings results on Monday, August 17th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The company had revenue of $943.55 million during the quarter, compared to the consensus estimate of $935.15 million. XP had a return on equity of 22.19% and a net margin of 27.20%. XP’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 earnings per share. As a group, sell-side analysts anticipate that XP Inc. will post 2.09 earnings per share for the current fiscal year.

XP Profile

XP Inc is a Brazil-based financial services platform that provides investment, banking and related financial products to individuals, businesses and institutional clients. Through its digital platforms and network of financial professionals, the company offers access to investments such as stocks, bonds, mutual funds, exchange-traded funds, real estate funds, retirement products and insurance.

The company operates a portfolio of brands that includes XP, Rico and Clear, serving customers with different investment needs and levels of experience.