XP Inc. (NASDAQ:XP) Given Average Rating of “Moderate Buy” by Brokerages

XP Inc. (NASDAQ:XP) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $22.8571.

XP has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on XP in a report on Monday, January 19th. They issued a “buy” rating and a $22.00 target price on the stock. Zacks Research raised XP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, UBS Group increased their target price on XP from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, April 2nd.

XP Stock Down 0.5%

Shares of NASDAQ XP opened at $19.06 on Friday. The stock has a market cap of $10.24 billion, a P/E ratio of 11.02, a PEG ratio of 0.61 and a beta of 1.17. The company has a current ratio of 5.36, a quick ratio of 6.12 and a debt-to-equity ratio of 0.01. XP has a 12-month low of $15.51 and a 12-month high of $23.13. The business’s fifty day simple moving average is $19.81 and its 200-day simple moving average is $18.73.

XP (NASDAQ:XP) last announced its quarterly earnings data on Friday, February 13th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $806.08 million for the quarter. XP had a return on equity of 23.08% and a net margin of 27.51%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.23 earnings per share. As a group, equities analysts predict that XP will post 2.06 EPS for the current fiscal year.

Hedge Funds Weigh In On XP

Several large investors have recently bought and sold shares of XP. ARGA Investment Management LP increased its holdings in XP by 119.2% in the fourth 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 position in XP in the second quarter valued at $161,639,000. Schroder Investment Management Group increased its holdings in XP by 74.4% in the third 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 position in XP in the fourth quarter valued at $80,196,000. Finally, AQR Capital Management LLC increased its holdings in XP by 1,433.5% in the second 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. Hedge funds and other institutional investors own 59.15% of the company’s stock.

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.