XP Inc. (NASDAQ:XP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of XP Inc. (NASDAQ:XP) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.8571.

Several equities analysts have issued reports on the company. UBS Group raised their price objective on XP from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Jefferies Financial Group initiated coverage on shares of XP in a research report on Monday, January 19th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Zacks Research upgraded shares of XP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd.

Institutional Trading of XP

Institutional investors and hedge funds have recently bought and sold shares of the business. Dodge & Cox grew its holdings in shares of XP by 0.5% during the third quarter. Dodge & Cox now owns 34,478,145 shares of the company’s stock worth $647,844,000 after buying an additional 169,700 shares during the last quarter. ARGA Investment Management LP grew its holdings in shares of XP by 4.0% during the first quarter. ARGA Investment Management LP now owns 20,699,135 shares of the company’s stock worth $394,112,000 after buying an additional 799,048 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of XP by 74.4% during the third quarter. Schroder Investment Management Group now owns 12,288,191 shares of the company’s stock worth $230,895,000 after buying an additional 5,240,306 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of XP by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,263,021 shares of the company’s stock worth $200,746,000 after buying an additional 1,300,982 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of XP by 10.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 11,799,175 shares of the company’s stock worth $193,152,000 after buying an additional 1,160,977 shares during the last quarter. Hedge funds and other institutional investors own 59.15% of the company’s stock.

XP Stock Performance

Shares of XP stock opened at $19.06 on Friday. The stock’s 50-day moving average is $19.81 and its two-hundred day moving average is $18.73. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.61 and a beta of 1.17. XP has a 1 year low of $15.51 and a 1 year high of $23.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.12 and a current ratio of 5.36.

XP (NASDAQ:XP) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $806.08 million for the quarter. XP had a return on equity of 23.08% and a net margin of 27.51%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.23 EPS. Analysts predict that XP 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.