XP Inc. $XP is Navi International Administradora e Gestora de Recursos Financeiros Ltda.’s 2nd Largest Position

Navi International Administradora e Gestora de Recursos Financeiros Ltda. lessened its holdings in shares of XP Inc. (NASDAQ:XP) by 31.4% in the second quarter, Holdings Channel.com reports. The firm owned 1,837,985 shares of the company’s stock after selling 840,965 shares during the period. XP comprises 20.6% of Navi International Administradora e Gestora de Recursos Financeiros Ltda.’s portfolio, making the stock its 2nd largest holding. Navi International Administradora e Gestora de Recursos Financeiros Ltda.’s holdings in XP were worth $29,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of XP by 29.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 457,119 shares of the company’s stock valued at $7,396,000 after buying an additional 104,395 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of XP in the first quarter worth $3,071,000. Lazard Asset Management LLC increased its stake in shares of XP by 244.9% in the first quarter. Lazard Asset Management LLC now owns 206,689 shares of the company’s stock worth $3,935,000 after buying an additional 146,763 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in XP in the first quarter valued at $3,216,000. Finally, Hsbc Holdings PLC raised its holdings in XP by 876.6% in the first quarter. Hsbc Holdings PLC now owns 1,062,720 shares of the company’s stock valued at $20,179,000 after acquiring an additional 953,902 shares in the last quarter. 59.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XP. Weiss Ratings raised shares of XP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Itau BBA Securities raised XP from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Monday. Finally, UBS Group reduced their target price on XP from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, XP currently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

XP Stock Performance

Shares of XP stock opened at $19.86 on Friday. The business has a 50 day simple moving average of $16.85 and a 200 day simple moving average of $17.94. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.80 and a quick ratio of 4.80. XP Inc. has a 12-month low of $14.80 and a 12-month high of $23.13.

XP (NASDAQ:XP) last released its earnings results on Monday, August 17th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. XP had a net margin of 27.20% and a return on equity of 22.19%. The firm had revenue of $943.55 million for the quarter, compared to analysts’ expectations of $935.15 million. During the same quarter last year, the company earned $2.46 EPS. XP’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities research analysts anticipate that XP Inc. will post 2.11 EPS for the current year.

XP declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.