Dodge & Cox has recently announced that it has increased stake in XP Inc. (NASDAQ:XP) by 3.39%. After grabbing 29.87 million shares, the institutional investor is now in possession of 0.98 million shares of the Financial Company. The new investment brought the stake of investor firm to 6.73% having worth around $547.46 million. Moreover, Capital Research & Management Co increased its share by 1.56 million to have a control over 14.45 million shares. And Fidelity Management & Research Co raised its holdings to 1.97 million shares by acquiring 13.72 million shares or 3.09% of the stake.
XP Inc. (XP) concluded trading on 11/23/22 at a closing price of $16.45, with 4.95 million shares of worth about $81.51 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.55% during that period and on Wednesday the price saw a loss of about -0.66%. Currently the company’s common shares owned by public are about 557.01M shares, out of which, 384.27M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the XP stock and their offered price forecasts bring an average price target of $159.53. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $293.25 and could fall to a lowest price of $113.57. The stock’s current price level is 47.81% above of average price target set by the analysts, while a rise to estimated low would result in gain of 85.52% for the stock. However, touching the estimated high of $293.25 would mean a gain of 94.39% for the stock.
Dodge & Cox International Stock F, Fidelity Inv. Trust – Emerging Ma, and Harding Loevner International Equ are the top 3 mutual funds which are holding stakes in XP Inc. Dodge & Cox International Stock F is currently holding 20.4 million shares of worth totaling $373.89 million. The company recently came buying 0.0 shares which brought its stake up to 4.60% of the company’s outstanding shares. Harding Loevner International Equ, after selling 6.83 million shares, have now control over 1.54% of the stake in the company. It holds -0.25 million shares of worth $125.22 million.
XP Inc. (NASDAQ: XP) started trading at $16.52, below -$0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 16.62, or with a loss of -0.66%. Stock saw a price change of -10.01% in past 5 days and over the past one month there was a price change of -7.38%. Year-to-date (YTD), XP shares are showing a performance of -42.76% which decreased to -45.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.31 but also hit the highest price of $36.36 during that period. The average intraday trading volume for XP Inc. shares is 4.26 million. The stock is currently trading -10.46% below its 20-day simple moving average (SMA20), while that difference is down -12.48% for SMA50 and it goes to -28.02% lower than SMA200.
Dodge & Cox acquired 29.87 million shares of XP Inc. having value of about $547.46 million. Data submitted at the U.S SEC by Dodge & Cox revealed that the firm now holds 0.98 million shares in the company valued at close to $16097081.7, or have control over 3.39% stake in the company. XP Inc. (NASDAQ: XP) currently have 557.01M outstanding shares and institutions hold larger chunk of about 62.70% of that. Holding of mutual funds in the company is about 27.33% while other institutional holders and individual stake holders have control over 28.57% and — of the stake respectively.
The stock has a current market capitalization of $9.26B. PE ratio of stock for trailing 12 months is 13.46, while it has posted earnings per share of $1.22 in the same period. Its PEG reads 0.78 while making debt-to-equity ratio of 2.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XP, volatility over the week remained 4.84% while standing at 5.32% over the month.
Analysts are in expectations that XP Inc. (XP) stock would likely to be making an EPS of $0.3 in the current quarter, while forecast for next quarter EPS is $0.31 and it is $1.47 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.27 which is $0.33 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.33 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 68.50% while it is estimated to increase by 14.24% in next year. EPS is likely to shrink at an annualized rate of 17.20% for next 5-years, compared to annual growth of 78.90% made by the stock over the past 5-years.
Analysts at 12 brokerage firms have issued recommendations for the XP Inc. (XP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 12 Wall Street analysts, 7 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on August 11, 2022 offering a Neutral rating for the stock and assigned a target price of $23 to it. Coverage by UBS stated XP Inc. (XP) stock as a Buy in their note to investors on June 07, 2022, suggesting a price target of $31 for the stock. On May 09, 2022, Citigroup Upgrade their recommendations, while on October 15, 2021, JP Morgan Upgrade their ratings for the stock with a price target of $50. Stock get a Neutral rating from Citigroup on September 24, 2021.