356,669 XP Inc. $XP Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in XP Inc. (NASDAQ:XP) by 50.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,061,448 shares of the company’s stock after buying an additional 356,669 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in XP were worth $22,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of XP by 46.2% during 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 period. Parallel Advisors LLC increased its holdings in XP by 117.3% in 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 during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in XP in the 2nd quarter worth about $91,000. Strategic Investment Advisors MI bought a new stake in XP in the 1st quarter valued at about $126,000. Finally, Deltec Asset Management LLC bought a new stake in XP in the 1st quarter valued at about $248,000. Hedge funds and other institutional investors own 59.15% of the company’s stock.

Insider Buying and Selling

In other XP news, Director Bruno Constantino Alexandre dos Santos sold 123,257 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $19.58, for a total value of $2,413,372.06. Following the completion of the transaction, the director owned 1,500,000 shares in the company, valued at $29,370,000. This trade represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group upped their price objective on shares of XP from $25.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Citigroup lifted their target price on shares of XP from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. JPMorgan Chase & Co. boosted their price target on shares of XP from $26.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, October 6th. Itau BBA Securities upgraded 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 note on Monday, August 31st. 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.80.

XP Price Performance

XP stock opened at $30.41 on Friday. The firm has a market capitalization of $16.34 billion, a P/E ratio of 15.37, a PEG ratio of 0.67 and a beta of 1.01. XP Inc. has a one year low of $14.80 and a one year high of $32.73. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.80 and a quick ratio of 4.80. The business has a fifty day moving average price of $22.54 and a 200-day moving average price of $19.12.

XP (NASDAQ:XP) last released its quarterly earnings data on Monday, August 17th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. XP had a return on equity of 22.19% and a net margin of 27.20%. The company had revenue of $943.55 million for the quarter, compared to analyst estimates of $935.15 million. During the same period in the previous year, the company posted $2.46 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that XP Inc. will post 2.08 EPS for the current year.

About XP

XP Inc is a Brazilian financial services company that operates a technology-driven investment and financial products platform. Through its digital channels and network of advisors, the company offers access to products including stocks, bonds, investment funds, exchange-traded funds, insurance and retirement products. It serves individual investors, businesses, institutional clients and independent financial advisors.

The company’s principal brands and businesses include XP, Rico and Clear, which provide brokerage and investment services to different customer segments.