XP Inc. $XP Stock: Robeco Institutional Asset Management B.V. Grows Holdings

Key Points

• Robeco Institutional Asset Management increased its XP stake by 50.6% in the third quarter, acquiring 356,669 additional shares and bringing its holdings to 1.06 million shares worth approximately $22.3 million. Institutional investors collectively own 59.15% of XP.
• XP reported quarterly earnings of $0.53 per share, exceeding the $0.50 consensus estimate, while revenue rose 8.3% year over year to $943.55 million. The company posted a 27.20% net margin and analysts expect full-year earnings of $2.08 per share.
• Analyst sentiment remains favorable, with five Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $28.80. UBS and JPMorgan raised their targets to $37 and $38, respectively.

Robeco Institutional Asset Management B.V. increased its stake in shares of XP Inc. (NASDAQ:XP - Free Report) by 50.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,061,448 shares of the company's stock after acquiring an additional 356,669 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.20% of XP worth $22,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of XP during the first quarter valued at about $3,071,000. Lazard Asset Management LLC boosted its position in shares of XP by 244.9% during the 1st quarter. Lazard Asset Management LLC now owns 206,689 shares of the company's stock worth $3,935,000 after purchasing an additional 146,763 shares in the last quarter. National Pension Service boosted its position in shares of XP by 94.1% during the 2nd quarter. National Pension Service now owns 207,699 shares of the company's stock worth $3,377,000 after purchasing an additional 100,677 shares in the last quarter. Bank of America Corp DE boosted its position in shares of XP by 33.4% during the 1st quarter. Bank of America Corp DE now owns 5,147,245 shares of the company's stock worth $98,004,000 after purchasing an additional 1,289,393 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of XP by 44.9% in the 1st quarter. Quantinno Capital Management LP now owns 209,252 shares of the company's stock valued at $3,984,000 after buying an additional 64,829 shares during the period. 59.15% of the stock is owned by institutional investors.

XP Price Performance

XP stock opened at $30.41 on Friday. XP Inc. has a 52 week low of $14.80 and a 52 week high of $32.73. The company's 50 day moving average price is $22.54 and its two-hundred day moving average price is $19.12. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.07. The stock has a market cap of $16.34 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.67 and a beta of 1.01.

XP (NASDAQ:XP - Get Free Report) last posted its quarterly earnings data on Monday, August 17th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. The business had revenue of $943.55 million for the quarter, compared to analysts' expectations of $935.15 million. XP had a return on equity of 22.19% and a net margin of 27.20%. The business's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.46 earnings per share. On average, equities analysts predict that XP Inc. will post 2.08 earnings per share for the current year.

Insider Buying and Selling

In other XP news, Director Bruno Constantino Alexandre dos Santos sold 123,257 shares of XP stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $19.58, for a total value of $2,413,372.06. Following the sale, the director owned 1,500,000 shares of the company's stock, valued at approximately $29,370,000. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XP. Weiss Ratings raised XP from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, September 2nd. Citigroup increased their price target on XP from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, September 29th. UBS Group raised their price objective on XP from $25.00 to $37.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. raised their price objective on XP from $26.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, October 6th. Finally, Itau BBA Securities upgraded 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, August 31st. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.80.

XP Company Profile

XP Inc is a Brazilian financial services company that operates a technology-driven investment and financial products platform. Through its digital channels and network of advisors, the company offers access to products including stocks, bonds, investment funds, exchange-traded funds, insurance and retirement products. It serves individual investors, businesses, institutional clients and independent financial advisors.

The company's principal brands and businesses include XP, Rico and Clear, which provide brokerage and investment services to different customer segments.

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