Ninety One UK Ltd Has $101.27 Million Stock Holdings in XP Inc. $XP

Key Points

• Ninety One UK Ltd increased its stake in XP Inc. by 9.4% to 6,186,576 shares worth approximately $101.27 million, representing about 1.15% of the company.
• Other institutions also boosted positions — notably Schroder Investment Management raised its holdings 74.4% to 12,288,191 shares (≈$230.9M) — and institutional/hedge funds now own about 59.15% of XP.
• XP beat quarterly EPS estimates ($0.46 vs. $0.45) with revenue of $806.1M (+10.3% YoY); the stock has a market cap of ~$11.34B, a PE of 12.2, and a consensus analyst rating of "Moderate Buy" with a $22.86 target (UBS raised its target to $28).

Ninety One UK Ltd increased its holdings in shares of XP Inc. (NASDAQ:XP - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,186,576 shares of the company's stock after buying an additional 533,952 shares during the period. Ninety One UK Ltd owned about 1.15% of XP worth $101,274,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XP. ARGA Investment Management LP acquired a new stake in XP during the 3rd quarter worth approximately $170,614,000. Orbis Allan Gray Ltd acquired a new stake in XP during the 2nd quarter worth approximately $161,639,000. Schroder Investment Management Group raised its holdings in XP by 74.4% during the 3rd quarter. Schroder Investment Management Group now owns 12,288,191 shares of the company's stock worth $230,895,000 after purchasing an additional 5,240,306 shares during the last quarter. AQR Capital Management LLC raised its holdings in XP by 1,433.5% during the 2nd quarter. AQR Capital Management LLC now owns 3,336,183 shares of the company's stock worth $67,391,000 after purchasing an additional 3,118,626 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in XP by 26.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,962,039 shares of the company's stock worth $205,977,000 after purchasing an additional 2,288,919 shares during the last quarter. 59.15% of the stock is currently owned by institutional investors and hedge funds.

XP Stock Down 0.1%

XP stock opened at $21.10 on Friday. The company has a quick ratio of 6.12, a current ratio of 5.36 and a debt-to-equity ratio of 0.01. XP Inc. has a 12-month low of $13.72 and a 12-month high of $23.13. The firm's fifty day moving average is $19.89 and its 200 day moving average is $18.55. The company has a market capitalization of $11.34 billion, a PE ratio of 12.20, a PEG ratio of 0.68 and a beta of 1.26.

XP (NASDAQ:XP - Get Free Report) last released its earnings results on Friday, February 13th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. XP had a net margin of 27.51% and a return on equity of 23.08%. The company had revenue of $806.08 million for the quarter. During the same quarter in the previous year, the firm earned $2.23 EPS. The firm's revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts predict that XP Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of XP in a report on Monday, December 29th. UBS Group lifted their target price on XP from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. Jefferies Financial Group initiated coverage on shares of XP in a research note on Monday, January 19th. They issued a "buy" rating and a $22.00 price objective for the company. Finally, Zacks Research upgraded shares of XP from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.86.

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.

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