XP Inc. $XP Stake Decreased by JGP Global Gestao de Recursos Ltda.

JGP Global Gestao de Recursos Ltda. reduced its holdings in XP Inc. (NASDAQ:XP) by 58.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 250,064 shares of the company’s stock after selling 351,007 shares during the period. XP makes up approximately 2.4% of JGP Global Gestao de Recursos Ltda.’s holdings, making the stock its 6th largest holding. JGP Global Gestao de Recursos Ltda.’s holdings in XP were worth $4,094,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Summit Global Investments lifted its stake in shares of XP by 5.8% in the third quarter. Summit Global Investments now owns 11,624 shares of the company’s stock worth $218,000 after buying an additional 636 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of XP by 65.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock worth $33,000 after buying an additional 646 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of XP by 1.6% in the third quarter. California State Teachers Retirement System now owns 54,107 shares of the company’s stock worth $1,017,000 after buying an additional 866 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of XP by 8.8% in the third quarter. PNC Financial Services Group Inc. now owns 13,282 shares of the company’s stock worth $250,000 after buying an additional 1,070 shares in the last quarter. Finally, Aberdeen Group plc lifted its stake in shares of XP by 4.7% in the third quarter. Aberdeen Group plc now owns 25,202 shares of the company’s stock worth $474,000 after buying an additional 1,120 shares in the last quarter. 59.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XP has been the topic of several research reports. UBS Group raised their price target on shares of XP from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Zacks Research raised shares of XP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of XP in a research note on Monday, December 29th. Finally, Jefferies Financial Group assumed coverage on shares of XP in a research note on Monday, January 19th. They issued a “buy” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, XP presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.86.

XP Price Performance

XP stock opened at $21.12 on Friday. XP Inc. has a 12-month low of $13.72 and a 12-month high of $23.13. The stock has a market cap of $11.35 billion, a P/E ratio of 12.21, a PEG ratio of 0.66 and a beta of 1.26. The company has a 50-day moving average price of $19.86 and a 200 day moving average price of $18.54. The company has a current ratio of 5.36, a quick ratio of 6.12 and a debt-to-equity ratio of 0.01.

XP (NASDAQ:XP) last released 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. XP had a net margin of 27.51% and a return on equity of 23.08%. The firm had revenue of $806.08 million during the quarter. During the same quarter in the previous year, the business posted $2.23 earnings per share. XP’s revenue for the quarter was up 10.3% on a year-over-year basis. Sell-side analysts anticipate that XP Inc. will post 1.36 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.