BlackRock Fund Advisors recently announced the acquisition of new stake in XP Inc (NASDAQ:XP). The institutional investor has increased its shareholding in the Financial company by 38.53% to 9.17 million shares with purchase of 2.55 million shares. This fresh investment now brings its stake to 2.11% valued currently at $239.01 million. In addition, Canada Pension Plan Investment Bo raised its holdings by 0.24 million to 5.11 million shares.
Currently, there are 541.32M common shares owned by the public and among those 340.39M shares have been available to trade.
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The top 3 mutual fund holders in XP Inc are Dodge & Cox International Stock F, Fidelity Inv. Trust – Emerging Ma, and American Funds New World Fund. Dodge & Cox International Stock F owns 17.78 million shares of the company’s stock, all valued at over $463.43 million. The company sold -2.44 million shares recently to bring their total holdings to about 4.08% of the shares outstanding. American Funds New World Fund sold -1.7 million shares to bring its total holdings to over 7.97 million shares at a value of $207.82 million. American Funds New World Fund now owns shares totaling to 1.83% of the shares outstanding.
However, the script later moved the day high at 26.51, up 1.90%. The company’s stock has a 5-day price change of 3.02% and 28.16% over the past three months. XP shares are trading 0.73% year to date (YTD), with the 12-month market performance up to 47.11% higher. It has a 12-month low price of $10.30 and touched a high of $27.71 over the same period. XP has an average intraday trading volume of 5.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.29%, 6.54%, and 17.81% respectively.
Institutional ownership of XP Inc (NASDAQ: XP) shares accounts for 44.07% of the company’s 541.32M shares outstanding. Mutual fund holders own 21.84%, while other institutional holders and individual stakeholders account for 33.90% and — respectively.
It has a market capitalization of $14.39B and a beta (3y monthly) value of 1.69. The stock’s trailing 12-month PE ratio is 20.43, while the earnings-per-share (ttm) stands at $1.29. The company has a PEG of 1.49 and the debt-to-equity ratio at 3.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.12% over the week and 3.00% over the month.
Analysts forecast that XP Inc (XP) will achieve an EPS of $American Express Company for the current quarter, $200.86 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $XPeng Inc. while analysts give the company a high EPS estimate of $BP p.l.c.. Comparatively, EPS for the current quarter was $XPF/BRX a year ago. Earnings per share for the fiscal year are expected to increase by 18.57%, and 24.87% over the next financial year. EPS should shrink at an annualized rate of 13.70% over the next five years, compared to 39.65% over the past 5-year period.
Looking at the support for the XP, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on December 05, 2023, with the firm’s price target at $27-$30.
