XPEL, Inc. (NASDAQ:XPEL) Shares Bought by XTX Topco Ltd

XTX Topco Ltd grew its stake in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 121.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,415 shares of the company's stock after buying an additional 10,091 shares during the quarter. XTX Topco Ltd owned approximately 0.07% of XPEL worth $541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of XPEL. American Century Companies Inc. lifted its holdings in XPEL by 11.7% during the fourth quarter. American Century Companies Inc. now owns 42,409 shares of the company's stock valued at $1,694,000 after purchasing an additional 4,447 shares in the last quarter. JPMorgan Chase & Co. increased its stake in XPEL by 25.5% in the 4th quarter. JPMorgan Chase & Co. now owns 55,420 shares of the company's stock worth $2,213,000 after acquiring an additional 11,256 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of XPEL in the fourth quarter valued at $1,224,000. ExodusPoint Capital Management LP purchased a new position in shares of XPEL in the fourth quarter valued at $550,000. Finally, Wells Fargo & Company MN grew its holdings in shares of XPEL by 10.5% in the fourth quarter. Wells Fargo & Company MN now owns 42,325 shares of the company's stock valued at $1,690,000 after purchasing an additional 4,035 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company's stock.

XPEL Price Performance

Shares of XPEL stock traded down $1.34 on Friday, reaching $33.58. The company had a trading volume of 242,994 shares, compared to its average volume of 195,517. The firm has a market cap of $929.16 million, a price-to-earnings ratio of 19.08 and a beta of 1.83. The firm's 50-day moving average price is $35.87 and its two-hundred day moving average price is $34.63. XPEL, Inc. has a 1 year low of $24.25 and a 1 year high of $47.59.

XPEL (NASDAQ:XPEL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.07. The firm had revenue of $124.71 million during the quarter, compared to analysts' expectations of $118.37 million. XPEL had a return on equity of 21.17% and a net margin of 10.84%. The company's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. As a group, analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL announced that its board has authorized a stock buyback plan on Tuesday, May 6th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of XPEL from a "buy" rating to a "hold" rating in a report on Saturday.

XPEL Company 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.