Key Points
- XP Director Santos Bruno Constantino Dos sold 123,257 shares at an average price of $19.58, generating approximately $2.41 million. His remaining stake is 1.5 million shares, a 7.59% reduction in ownership.
- XP shares opened at $20.01, down 0.9%, with a market capitalization of $10.75 billion. The stock has traded between $14.80 and $23.13 over the past year.
- XP exceeded quarterly earnings and revenue expectations, reporting $0.53 EPS and $943.55 million in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $23.00, while institutional investors own 59.15% of the company.
XP Inc. (NASDAQ:XP - Get Free Report) Director Santos Bruno Constantino Dos sold 123,257 shares of XP stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $19.58, for a total transaction of $2,413,372.06. Following the transaction, the director owned 1,500,000 shares of the company's stock, valued at $29,370,000. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
XP Trading Down 0.9%
NASDAQ:XP opened at $20.01 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.80 and a quick ratio of 4.80. XP Inc. has a one year low of $14.80 and a one year high of $23.13. The company has a market cap of $10.75 billion, a PE ratio of 10.48, a PEG ratio of 0.54 and a beta of 1.08. The firm has a 50-day moving average of $17.56 and a 200-day moving average of $17.82.
XP (NASDAQ:XP - Get Free Report) last announced its quarterly earnings results on Monday, August 17th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.03. The business had revenue of $943.55 million for the quarter, compared to analysts' expectations of $935.15 million. XP had a net margin of 27.20% and a return on equity of 22.19%. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 EPS. As a group, equities research analysts expect that XP Inc. will post 2.07 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of XP during the 1st quarter valued at $3,071,000. Lazard Asset Management LLC raised its position in shares of XP by 244.9% in the first quarter. Lazard Asset Management LLC now owns 206,689 shares of the company's stock worth $3,935,000 after buying an additional 146,763 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in shares of XP in the first quarter worth $3,216,000. Hsbc Holdings PLC boosted its stake in XP by 876.6% during the first quarter. Hsbc Holdings PLC now owns 1,062,720 shares of the company's stock valued at $20,179,000 after buying an additional 953,902 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in XP by 44.9% during the first quarter. Quantinno Capital Management LP now owns 209,252 shares of the company's stock valued at $3,984,000 after buying an additional 64,829 shares during the period. Hedge funds and other institutional investors own 59.15% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. UBS Group dropped their target price on XP from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings upgraded XP from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, September 2nd. Finally, Itau BBA Securities raised XP from a "market perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research report on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.00.
Get Our Latest Stock Report on XP
About XP
(
Get Free Report)
XP Inc (NASDAQ: XP) is a Brazilian financial services company that operates an investment platform serving individual investors, financial advisors, corporations and institutional clients. Through its platform and affiliated brands, the company provides access to a broad range of financial products and investment solutions.
Its services include brokerage and custody, investment advisory, portfolio management, banking and credit products, insurance, retirement solutions and financial education.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
