Stock Traders Purchase High Volume of XP Call Options (NASDAQ:XP)

XP Inc. (NASDAQ:XP) saw unusually large options trading on Friday. Investors acquired 127,449 call options on the stock. This is an increase of approximately 1,039% compared to the average volume of 11,185 call options.

XP Stock Up 1.6%

NASDAQ XP opened at $21.50 on Friday. XP has a 1-year low of $14.80 and a 1-year high of $23.13. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.57 and a beta of 1.01. The stock’s 50 day moving average is $18.37 and its two-hundred day moving average is $17.90. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 0.07.

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

Insider Buying and Selling at XP

In other news, Director Bruno Constantino Alexandre dos Santos sold 123,257 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $19.58, for a total transaction of $2,413,372.06. Following the sale, the director directly owned 1,500,000 shares in the company, valued at approximately $29,370,000. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On XP

Several institutional investors and hedge funds have recently made changes to their positions in XP. National Pension Service increased its position in shares of XP by 94.1% during the 2nd quarter. National Pension Service now owns 207,699 shares of the company’s stock worth $3,377,000 after purchasing an additional 100,677 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in XP by 161.9% during the 2nd quarter. Engineers Gate Manager LP now owns 168,230 shares of the company’s stock valued at $2,735,000 after purchasing an additional 103,990 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in XP in the second quarter valued at about $91,000. Squarepoint Ops LLC boosted its position in XP by 83.3% in the second quarter. Squarepoint Ops LLC now owns 165,235 shares of the company’s stock valued at $2,687,000 after buying an additional 75,114 shares in the last quarter. Finally, Corient Private Wealth LP bought a new stake in XP during the second quarter worth about $402,000. Institutional investors and hedge funds own 59.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on XP shares. Weiss Ratings raised XP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 2nd. Citigroup boosted their price target on shares of XP from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Itau BBA Securities upgraded shares of XP from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Monday, August 31st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

About XP

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.