XP Inc. $XP Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its position in XP Inc. (NASDAQ:XP) by 11.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 539,486 shares of the company’s stock after purchasing an additional 56,090 shares during the quarter. Pictet Asset Management Holding SA’s holdings in XP were worth $8,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox raised its stake in XP by 0.5% in the 3rd quarter. Dodge & Cox now owns 34,478,145 shares of the company’s stock valued at $647,844,000 after purchasing an additional 169,700 shares during the last quarter. Schroder Investment Management Group raised its stake in XP by 74.4% in the 3rd quarter. Schroder Investment Management Group now owns 12,288,191 shares of the company’s stock valued at $230,895,000 after purchasing an additional 5,240,306 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in XP by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,263,021 shares of the company’s stock valued at $200,746,000 after purchasing an additional 1,300,982 shares during the last quarter. State Street Corp raised its stake in XP by 1.3% in the 2nd quarter. State Street Corp now owns 9,696,864 shares of the company’s stock valued at $195,877,000 after purchasing an additional 125,818 shares during the last quarter. Finally, ARGA Investment Management LP acquired a new position in XP in the 3rd quarter valued at about $170,614,000. Institutional investors and hedge funds own 59.15% of the company’s stock.

XP Stock Down 0.5%

XP opened at $19.06 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.36 and a quick ratio of 6.12. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 0.61 and a beta of 1.17. The business has a 50-day moving average of $19.81 and a two-hundred day moving average of $18.73. XP Inc. has a 12 month low of $15.51 and a 12 month high of $23.13.

XP (NASDAQ:XP) last posted its quarterly earnings results on Friday, February 13th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $806.08 million during the quarter. XP had a return on equity of 23.08% and a net margin of 27.51%.The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 EPS. On average, research analysts expect that XP Inc. will post 2.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XP shares. Jefferies Financial Group started coverage on shares of XP in a research note on Monday, January 19th. They issued a “buy” rating and a $22.00 target price for the company. UBS Group boosted their target price on shares of XP from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Zacks Research raised shares of XP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, XP presently has an average rating of “Moderate Buy” and an average price target of $22.86.

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.