3,833,547 Shares in XPEL, Inc. $XPEL Purchased by BlackRock Inc.

BlackRock Inc. purchased a new position in shares of XPEL, Inc. (NASDAQ:XPEL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,833,547 shares of the company’s stock, valued at approximately $190,144,000. BlackRock Inc. owned 0.14% of XPEL at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in XPEL by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,994 shares of the company’s stock worth $441,000 after purchasing an additional 619 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of XPEL by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 62,214 shares of the company’s stock valued at $1,828,000 after purchasing an additional 7,099 shares during the last quarter. Jane Street Group LLC increased its stake in shares of XPEL by 177.4% in the 1st quarter. Jane Street Group LLC now owns 29,905 shares of the company’s stock valued at $879,000 after purchasing an additional 19,126 shares during the last quarter. Creative Planning raised its holdings in shares of XPEL by 24.9% during the 2nd quarter. Creative Planning now owns 10,276 shares of the company’s stock worth $369,000 after buying an additional 2,050 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of XPEL by 354.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 115,193 shares of the company’s stock worth $4,135,000 after buying an additional 89,820 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XPEL. B. Riley Financial raised their price objective on XPEL from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Freedom Capital raised XPEL from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of XPEL from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $65.00.

XPEL Stock Performance

NASDAQ:XPEL opened at $50.69 on Friday. The stock’s 50-day moving average is $47.09 and its 200-day moving average is $45.64. XPEL, Inc. has a 1-year low of $31.50 and a 1-year high of $55.91. The company has a current ratio of 2.61, a quick ratio of 1.14 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.40 billion, a P/E ratio of 25.73 and a beta of 1.09.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. XPEL had a net margin of 10.77% and a return on equity of 18.98%. The business had revenue of $143.05 million during the quarter, compared to analyst estimates of $135.09 million. During the same quarter last year, the business earned $0.59 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts anticipate that XPEL, Inc. will post 2.12 earnings per share for the current year.

XPEL Company Profile

XPEL, Inc is a leading manufacturer and distributor of advanced protective films and coatings for automotive, marine, aviation, and architectural applications. The company’s core products include paint protection film (PPF), window tinting film, and ceramic coatings designed to shield surfaces from scratches, environmental contaminants, and UV damage. XPEL’s flagship PPF, known for its self-healing properties, is engineered to maintain a vehicle’s factory finish by resisting swirl marks, stone chips, and acid rain.

Beyond automotive protection, XPEL has expanded its offerings to include protective films for electronics and architectural surfaces, providing solutions that enhance durability and prolong the life of high-value assets.