22,547 XP Inc. $XP Shares Purchased by JGP Global Gestao de Recursos Ltda.

JGP Global Gestao de Recursos Ltda. boosted its position in XP Inc. (NASDAQ:XP) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,766 shares of the company’s stock after buying an additional 22,547 shares during the quarter. XP accounts for approximately 33.5% of JGP Global Gestao de Recursos Ltda.’s holdings, making the stock its biggest holding. JGP Global Gestao de Recursos Ltda.’s holdings in XP were worth $14,272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in XP by 46.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,471 shares of the company’s stock valued at $47,000 after buying an additional 781 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of XP by 117.3% during the first quarter. Parallel Advisors LLC now owns 3,288 shares of the company’s stock valued at $63,000 after acquiring an additional 1,775 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of XP during the second quarter worth about $91,000. Strategic Investment Advisors MI purchased a new stake in shares of XP during the first quarter worth about $126,000. Finally, Deltec Asset Management LLC purchased a new stake in shares of XP during the first quarter worth about $248,000. 59.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on XP shares. UBS Group boosted their price target on XP from $25.00 to $37.00 and gave the stock 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. Citigroup raised their price objective on XP from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Weiss Ratings upgraded XP from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 2nd. Finally, Itau BBA Securities upgraded XP from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Monday, August 31st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.80.

Insider Buying and Selling at XP

In other news, Director Bruno Constantino Alexandre dos Santos sold 123,257 shares of the company’s 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 in the company, valued at approximately $29,370,000. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

XP Trading Down 2.7%

XP opened at $29.23 on Friday. The stock has a market capitalization of $15.71 billion, a PE ratio of 15.30, a P/E/G ratio of 0.78 and a beta of 1.01. The firm’s fifty day moving average price is $21.08 and its 200 day moving average price is $18.70. 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 12-month low of $14.80 and a 12-month high of $32.73.

XP (NASDAQ:XP) last posted 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 firm 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 firm’s 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. As a group, research analysts expect that XP Inc. will post 2.09 EPS for the current fiscal year.

About XP

XP Inc is a Brazil-based financial services platform that provides investment, banking and related financial products to individuals, businesses and institutional clients. Through its digital platforms and network of financial professionals, the company offers access to investments such as stocks, bonds, mutual funds, exchange-traded funds, real estate funds, retirement products and insurance.

The company operates a portfolio of brands that includes XP, Rico and Clear, serving customers with different investment needs and levels of experience.