XP (NASDAQ:XP) Director Sells 123,257 Shares of Stock

XP Inc. (NASDAQ:XP) Director Santos Bruno Constantino Dos sold 123,257 shares of the firm’s stock in a transaction that occurred on 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 directly owned 1,500,000 shares of the company’s stock, valued at $29,370,000. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

XP Stock Performance

Shares of XP opened at $20.19 on Friday. XP Inc. has a 12-month low of $14.80 and a 12-month high of $23.13. The stock has a market cap of $10.85 billion, a P/E ratio of 10.57, a PEG ratio of 0.53 and a beta of 1.08. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $17.50 and a two-hundred day moving average of $17.81.

XP (NASDAQ:XP) last issued its quarterly earnings data on Monday, August 17th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.03. The firm 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%.The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 EPS. As a group, research analysts predict that XP Inc. will post 2.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XP. PNC Financial Services Group Inc. raised its holdings in shares of XP by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the company’s stock worth $227,000 after purchasing an additional 573 shares during the period. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $47,000 after acquiring an additional 781 shares during the period. Inspire Investing LLC grew its position in shares of XP by 1.0% during the first quarter. Inspire Investing LLC now owns 89,121 shares of the company’s stock worth $1,697,000 after acquiring an additional 906 shares during the last quarter. OneAscent Financial Services LLC lifted its position in XP by 7.3% in the 4th quarter. OneAscent Financial Services LLC now owns 19,837 shares of the company’s stock valued at $325,000 after purchasing an additional 1,344 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in XP by 117.3% during the 1st quarter. Parallel Advisors LLC now owns 3,288 shares of the company’s stock valued at $63,000 after purchasing an additional 1,775 shares during the period. Institutional investors and hedge funds own 59.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of XP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 2nd. Itau BBA Securities upgraded shares of XP from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Monday, August 31st. Finally, UBS Group cut their price objective on shares of XP from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, XP has a consensus rating of “Moderate Buy” and an average price target of $23.00.

About XP

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.