Jane Street Group LLC Decreases Stock Position in XPEL, Inc. (NASDAQ:XPEL)

Jane Street Group LLC cut its holdings in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 75.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,779 shares of the company's stock after selling 33,335 shares during the period. Jane Street Group LLC's holdings in XPEL were worth $431,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in XPEL. Quantbot Technologies LP lifted its holdings in XPEL by 46.0% in the 4th quarter. Quantbot Technologies LP now owns 2,165 shares of the company's stock worth $86,000 after purchasing an additional 682 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in XPEL by 199.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,734 shares of the company's stock worth $189,000 after purchasing an additional 3,153 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in XPEL in the 4th quarter worth approximately $212,000. XTX Topco Ltd lifted its holdings in XPEL by 22.6% in the 4th quarter. XTX Topco Ltd now owns 8,324 shares of the company's stock worth $332,000 after purchasing an additional 1,535 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in XPEL by 78.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,758 shares of the company's stock worth $390,000 after purchasing an additional 4,296 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.

XPEL Stock Performance

Shares of XPEL traded up $1.21 during mid-day trading on Tuesday, hitting $36.93. 85,315 shares of the stock were exchanged, compared to its average volume of 201,276. The company has a market cap of $1.02 billion, a PE ratio of 21.10 and a beta of 1.83. XPEL, Inc. has a 52-week low of $24.25 and a 52-week high of $48.58. The firm has a 50-day moving average of $31.11 and a two-hundred day moving average of $36.78.

XPEL (NASDAQ:XPEL - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. The company had revenue of $103.81 million for the quarter, compared to analyst estimates of $97.40 million. XPEL had a return on equity of 24.68% and a net margin of 11.61%. XPEL's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, sell-side analysts predict that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL announced that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Wall Street Zen cut XPEL from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

XPEL Profile

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.