XP Inc. $XP Holdings Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its holdings in XP Inc. (NASDAQ:XP) by 35.4% in the 4th quarter, Holdings Channel reports. The fund owned 113,593 shares of the company’s stock after selling 62,272 shares during the period. State of New Jersey Common Pension Fund D’s holdings in XP were worth $1,860,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in XP by 65.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,634 shares of the company’s stock valued at $33,000 after purchasing an additional 646 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of XP during the 4th quarter valued at $34,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of XP by 1,783.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,825 shares of the company’s stock valued at $53,000 after acquiring an additional 2,675 shares in the last quarter. Vestcor Inc purchased a new position in shares of XP during the 3rd quarter valued at $64,000. Finally, Virtus Advisers LLC acquired a new position in shares of XP in the third quarter worth $75,000. 59.15% of the stock is owned by hedge funds and other institutional investors.

XP Stock Performance

Shares of XP opened at $19.17 on Monday. The company’s fifty day moving average is $19.61 and its 200-day moving average is $18.81. XP Inc. has a 12 month low of $15.61 and a 12 month high of $23.13. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 0.61 and a beta of 1.17. 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 (NASDAQ:XP) last released 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 during the quarter. XP had a net margin of 27.51% and a return on equity of 23.08%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.23 EPS. Equities analysts expect that XP Inc. will post 2.06 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zacks Research lowered XP from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Jefferies Financial Group assumed coverage on XP in a research report on Monday, January 19th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, UBS Group raised their price target on XP from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.86.

About XP

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.