XP Sees Unusually High Options Volume (NASDAQ:XP)

XP Inc. (NASDAQ:XP) was the target of unusually large options trading activity on Friday. Traders bought 145,781 call options on the company. This is an increase of approximately 1,700% compared to the average daily volume of 8,099 call options.

Insiders Place Their Bets

In other news, Director Bruno Constantino Alexandre dos Santos sold 123,257 shares of the stock in a transaction 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 transaction, the director directly owned 1,500,000 shares of the company’s stock, valued at $29,370,000. This represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On XP

Several large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in XP by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,855 shares of the company’s stock valued at $227,000 after buying an additional 573 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of XP by 46.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock worth $47,000 after acquiring an additional 781 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of XP by 1.0% in the 1st 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 boosted its stake in shares of XP by 7.3% during the 4th quarter. OneAscent Financial Services LLC now owns 19,837 shares of the company’s stock worth $325,000 after purchasing an additional 1,344 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of XP by 117.3% during the 1st quarter. Parallel Advisors LLC now owns 3,288 shares of the company’s stock worth $63,000 after purchasing an additional 1,775 shares during the period. Institutional investors own 59.15% of the company’s stock.

Analyst Ratings Changes

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

XP Stock Performance

Shares of NASDAQ:XP opened at $20.01 on Friday. XP has a 52 week low of $14.80 and a 52 week high of $23.13. The stock has a market capitalization of $10.75 billion, a P/E ratio of 10.48, a PEG ratio of 0.54 and a beta of 1.08. The firm has a fifty day simple moving average of $17.56 and a two-hundred day simple moving average of $17.82. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.07.

XP (NASDAQ:XP) last announced its quarterly 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. XP had a net margin of 27.20% and a return on equity of 22.19%. The firm 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 firm earned $2.46 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts expect that XP will post 2.07 earnings per share for the current fiscal year.

XP Company Profile

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.