XP (NASDAQ:XP) Director Santos Bruno Constantino Dos Sells 123,257 Shares

Key Points

• XP Director Santos Bruno Constantino Dos sold 123,257 shares at an average price of $19.58, generating approximately $2.41 million. The sale reduced his direct ownership by 7.59% to 1.5 million shares.
• XP reported quarterly EPS of $0.53, exceeding the $0.50 analyst consensus, while revenue of $943.55 million surpassed estimates and increased 8.3% year over year.
• Analysts maintain a “Moderate Buy” consensus on XP, with four Buy ratings and two Holds and an average price target of $23, compared with a recent share price of $20.19.

XP Inc. (NASDAQ:XP - Get Free Report) Director Santos Bruno Constantino Dos sold 123,257 shares of the business's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $19.58, for a total value of $2,413,372.06. Following the transaction, the director directly owned 1,500,000 shares of the company's stock, valued at $29,370,000. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

XP Price Performance

XP stock opened at $20.19 on Friday. The business's 50-day moving average is $17.50 and its two-hundred day moving average is $17.81. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.80 and a quick ratio of 4.80. XP Inc. has a 1 year low of $14.80 and a 1 year high of $23.13. The firm has a market capitalization of $10.85 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.53 and a beta of 1.08.

XP (NASDAQ:XP - Get Free Report) last announced its quarterly earnings data on Monday, August 17th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.03. The company had revenue of $943.55 million for the quarter, compared to the consensus estimate of $935.15 million. XP had a net margin of 27.20% and a return on equity of 22.19%. The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.46 EPS. Analysts anticipate that XP Inc. will post 2.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on XP shares. Itau BBA Securities upgraded XP from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research note on Monday, August 31st. UBS Group reduced their price objective on XP from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, June 3rd. Finally, Weiss Ratings raised XP from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, September 2nd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.

Hedge Funds Weigh In On XP

A number of large investors have recently modified their holdings of the business. National Pension Service grew its holdings in XP by 94.1% during the second quarter. National Pension Service now owns 207,699 shares of the company's stock worth $3,377,000 after acquiring an additional 100,677 shares during the period. Engineers Gate Manager LP lifted its holdings in XP by 161.9% in the second quarter. Engineers Gate Manager LP now owns 168,230 shares of the company's stock valued at $2,735,000 after acquiring an additional 103,990 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of XP during the 2nd quarter worth $91,000. Squarepoint Ops LLC boosted its position in shares of XP by 83.3% during the 2nd quarter. Squarepoint Ops LLC now owns 165,235 shares of the company's stock worth $2,687,000 after purchasing an additional 75,114 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new position in shares of XP during the 2nd quarter worth $402,000. 59.15% of the stock is owned by hedge funds and other institutional investors.

XP Company Profile

XP Inc NASDAQ: XP is a Brazilian financial services company that operates an investment platform serving individual investors, financial advisors, corporations and institutional clients. Through its platform and affiliated brands, the company provides access to a broad range of financial products and investment solutions.

Its services include brokerage and custody, investment advisory, portfolio management, banking and credit products, insurance, retirement solutions and financial education.

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