XP (NASDAQ:XP) Director Santos Bruno Constantino Dos Sells 123,257 Shares

XP Inc. (NASDAQ:XP) Director Santos Bruno Constantino Dos sold 123,257 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were 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. The trade was a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

XP Stock Performance

Shares of XP stock opened at $20.01 on Friday. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 0.54 and a beta of 1.08. XP Inc. has a twelve month low of $14.80 and a twelve month high of $23.13. The company’s fifty day moving average is $17.56 and its 200 day moving average is $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 earnings results on Monday, August 17th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. XP had a return on equity of 22.19% and a net margin of 27.20%.The firm had revenue of $943.55 million for the quarter, compared to the consensus estimate of $935.15 million. During the same period in the previous year, the business earned $2.46 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Sell-side analysts forecast that XP Inc. will post 2.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased 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 valued at $227,000 after acquiring an additional 573 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 worth $47,000 after purchasing an additional 781 shares during the period. 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 purchasing an additional 906 shares in the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of XP by 7.3% in 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 in the last quarter. Finally, Parallel Advisors LLC grew its position in XP by 117.3% in 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 own 59.15% of the company’s stock.

Wall Street Analyst Weigh In

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

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.