XP (NASDAQ:XP) Issues Quarterly Earnings Results

XP (NASDAQ:XP) issued its quarterly earnings results on Monday. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48, FiscalAI reports. The company had revenue of $899.85 million for the quarter, compared to the consensus estimate of $932.20 million. XP had a return on equity of 23.08% and a net margin of 27.51%.

XP Price Performance

XP stock traded down $0.13 during trading on Monday, hitting $17.34. The company had a trading volume of 10,044,406 shares, compared to its average volume of 6,159,333. The company has a fifty day moving average price of $19.21 and a two-hundred day moving average price of $18.84. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.32 billion, a P/E ratio of 10.02, a P/E/G ratio of 0.56 and a beta of 1.17. XP has a fifty-two week low of $15.61 and a fifty-two week high of $23.13.

Institutional Trading of XP

Several institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in XP in the fourth quarter worth $225,000. Invesco Ltd. boosted its stake in XP by 64.3% in the fourth quarter. Invesco Ltd. now owns 594,745 shares of the company’s stock worth $9,736,000 after purchasing an additional 232,820 shares in the last quarter. XTX Topco Ltd boosted its stake in XP by 208.1% in the fourth quarter. XTX Topco Ltd now owns 160,090 shares of the company’s stock worth $2,621,000 after purchasing an additional 108,126 shares in the last quarter. SummitTX Capital L.P. boosted its stake in XP by 2.8% in the fourth quarter. SummitTX Capital L.P. now owns 30,978 shares of the company’s stock worth $507,000 after purchasing an additional 857 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new position in XP in the fourth quarter worth $5,237,000. Institutional investors and hedge funds own 59.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on XP shares. UBS Group boosted their price objective on XP from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Weiss Ratings cut XP from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Jefferies Financial Group began coverage on XP in a research report on Monday, January 19th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Zacks Research cut XP from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, XP has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

XP Company Profile

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.