XP Inc. $XP Stock Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP lowered its position in shares of XP Inc. (NASDAQ:XP) by 18.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,755 shares of the company’s stock after selling 91,999 shares during the period. Sustainable Growth Advisers LP owned 0.07% of XP worth $8,351,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XP. EverSource Wealth Advisors LLC raised its stake in XP by 46.2% in the first quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock valued at $47,000 after buying an additional 781 shares in the last quarter. Parallel Advisors LLC boosted its position 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 acquiring an additional 1,775 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of XP during the 2nd quarter worth about $91,000. Strategic Investment Advisors MI acquired a new position in shares of XP during the 1st quarter worth about $126,000. Finally, 9823 Capital L.P. acquired a new position in shares of XP during the 4th quarter worth about $183,000. Hedge funds and other institutional investors own 59.15% of the company’s stock.

XP Stock Performance

Shares of XP stock opened at $30.04 on Friday. The firm’s fifty day simple moving average is $20.82 and its 200-day simple moving average is $18.63. XP Inc. has a 12 month low of $14.80 and a 12 month high of $32.73. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 0.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.80 and a quick ratio of 4.80.

XP (NASDAQ:XP) last issued its quarterly earnings results on Monday, August 17th. The company reported $0.53 earnings per share for the quarter, topping 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 analysts’ expectations of $935.15 million. During the same quarter in the prior year, the business earned $2.46 EPS. XP’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that XP Inc. will post 2.09 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on XP. UBS Group increased their price objective on XP from $25.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. boosted their target price on XP from $26.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Itau BBA Securities raised 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. Citigroup upped their price target on XP from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings upgraded shares of XP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 2nd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.80.

XP Profile

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.