Traders Buy Large Volume of XP Call Options (NASDAQ:XP)

XP Inc. (NASDAQ:XP) was the target of some unusual options trading activity on Friday. Stock traders purchased 13,165 call options on the stock. This is an increase of approximately 212% compared to the typical volume of 4,223 call options.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of XP in a research note on Monday, January 19th. They issued a “buy” rating and a $22.00 price objective for the company. UBS Group lifted their price objective 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. Zacks Research raised shares of XP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of XP in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.86.

XP Stock Performance

Shares of XP opened at $19.99 on Friday. The company has a market capitalization of $10.74 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.64 and a beta of 1.26. XP has a one year low of $12.79 and a one year high of $23.13. 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 company’s fifty day moving average price is $19.73 and its 200 day moving average price is $18.49.

XP (NASDAQ:XP) last announced its earnings results on Friday, February 13th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $806.08 million for the quarter. XP had a net margin of 27.51% and a return on equity of 23.08%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.23 EPS. As a group, analysts expect that XP will post 1.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its holdings in shares of XP by 7.7% during the 4th quarter. Hsbc Holdings PLC now owns 108,818 shares of the company’s stock worth $1,791,000 after purchasing an additional 7,770 shares during the period. Virtu Financial LLC bought a new position in shares of XP during the 4th quarter worth about $225,000. Invesco Ltd. increased its holdings in shares of XP by 64.3% during the 4th quarter. Invesco Ltd. now owns 594,745 shares of the company’s stock worth $9,736,000 after purchasing an additional 232,820 shares during the period. XTX Topco Ltd increased its holdings in shares of XP by 208.1% during the 4th 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 during the period. Finally, SummitTX Capital L.P. increased its holdings in shares of XP by 2.8% during the 4th quarter. SummitTX Capital L.P. now owns 30,978 shares of the company’s stock worth $507,000 after purchasing an additional 857 shares during the period. Institutional investors own 59.15% of the company’s stock.

About XP

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.