XP Inc. $XP Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. trimmed its stake in XP by 27.6%, selling 136,556 shares and leaving 357,614 shares (about 0.07% of the company) worth $5,854,000 at quarter-end.
• Other institutional moves included Massachusetts Financial Services boosting its holding 11.9% to 12,263,021 shares ($200,746,000) and Rheos Capital increasing its stake 66.7% to 500,000 shares, with overall institutional ownership at 59.15%.
• Analysts maintain a consensus Moderate Buy on XP with a $22.86 target; UBS raised its price objective to $28 and several firms (including Zacks and Jefferies) issued bullish upgrades.

Robeco Institutional Asset Management B.V. trimmed its holdings in XP Inc. (NASDAQ:XP - Free Report) by 27.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 357,614 shares of the company's stock after selling 136,556 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of XP worth $5,854,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of XP. Massachusetts Financial Services Co. MA increased its stake in XP by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,263,021 shares of the company's stock valued at $200,746,000 after buying an additional 1,300,982 shares during the period. Rheos Capital Works Inc. increased its stake in XP by 66.7% in the 4th quarter. Rheos Capital Works Inc. now owns 500,000 shares of the company's stock valued at $8,185,000 after buying an additional 200,000 shares during the period. OneAscent Wealth Management LLC acquired a new position in XP in the 3rd quarter valued at $351,000. ARGA Investment Management LP acquired a new position in XP in the 3rd quarter valued at $170,614,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in XP by 2.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 775,273 shares of the company's stock valued at $14,567,000 after buying an additional 19,257 shares during the period. 59.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

XP Price Performance

Shares of NASDAQ XP opened at $20.80 on Thursday. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 0.68 and a beta of 1.26. XP Inc. has a 52 week low of $13.56 and a 52 week high of $23.13. The company's 50-day moving average price is $19.81 and its 200 day moving average price is $18.52. 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 (NASDAQ:XP - Get Free Report) last issued its quarterly earnings data on Friday, February 13th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The firm had revenue of $806.08 million for the quarter. XP had a net margin of 27.51% and a return on equity of 23.08%. XP's revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.23 earnings per share. As a group, research analysts forecast that XP Inc. will post 1.36 earnings per share for the current fiscal year.

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.

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