Analysts Set XP Inc. (NASDAQ:XP) PT at $22.86

XP Inc. (NASDAQ:XP) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $22.8571.

A number of equities analysts have recently weighed in on XP shares. UBS Group upped their target price on XP from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Jefferies Financial Group assumed coverage on XP in a research report on Monday, January 19th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Zacks Research lowered XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st.

XP Price Performance

Shares of NASDAQ:XP opened at $19.17 on Friday. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.01. XP has a twelve month low of $15.61 and a twelve month high of $23.13. The stock’s 50 day moving average is $19.61 and its 200-day moving average is $18.81. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.61 and a beta of 1.17.

XP (NASDAQ:XP) last issued its earnings results on Friday, February 13th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. XP had a return on equity of 23.08% and a net margin of 27.51%.The company had revenue of $806.08 million for the quarter. During the same period in the previous year, the company earned $2.23 earnings per share. XP’s revenue for the quarter was up 10.3% compared to the same quarter last year. Sell-side analysts forecast that XP will post 2.06 EPS for the current fiscal year.

Institutional Investors Weigh In On XP

A number of institutional investors and hedge funds have recently bought and sold shares of XP. ARGA Investment Management LP raised its position in XP by 119.2% in the 4th quarter. ARGA Investment Management LP now owns 19,900,087 shares of the company’s stock valued at $325,764,000 after buying an additional 10,820,050 shares during the last quarter. Orbis Allan Gray Ltd purchased a new stake in XP in the 2nd quarter valued at $161,639,000. Schroder Investment Management Group raised its position in XP by 74.4% in the 3rd quarter. Schroder Investment Management Group now owns 12,288,191 shares of the company’s stock valued at $230,895,000 after buying an additional 5,240,306 shares during the last quarter. Norges Bank purchased a new stake in XP in the 4th quarter valued at $80,196,000. Finally, AQR Capital Management LLC raised its position in XP by 1,433.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,336,183 shares of the company’s stock valued at $67,391,000 after buying an additional 3,118,626 shares during the last quarter. 59.15% of the stock is owned by hedge funds and other institutional investors.

XP Company Profile

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.