Citigroup slashes price target on XP Inc. [XP] – find out why.


XP Inc. [NASDAQ: XP] closed the trading session at $19.23 on 05/18/22. The day’s price range saw the stock hit a low of $19.11, while the highest price level was $19.98. The company report on May 12, 2022 that XP Inc. to Create XTAGE, Its Digital Assets Trading Platform.

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XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today the creation of XTAGE – a new trading platform for digital assets in collaboration with Nasdaq, a global leading technology company serving the capital markets and other industries.

XTAGE represents a key milestone in democratizing access to the digital assets market in Brazil. Built on Nasdaq’s leading trading technology, XP’s platform is uniquely positioned to flexibly scale as it grows and introduces new products and services. The platform is expected to be operational by the end of the second quarter of 2022.

The stocks have a year to date performance of -33.09 percent and weekly performance of 6.30 percent. The stock has been moved at -40.56 percent over the last six months. The stock has performed -31.69 percent around the most recent 30 days and changed -46.21 percent over the most recent 3-months.

If compared to the average trading volume of 4.67M shares, XP reached to a volume of 3279389 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about XP Inc. [XP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XP shares is $40.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XP stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for XP Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 09, 2022. The new note on the price target was released on October 15, 2021, representing the official price target for XP Inc. stock. On May 25, 2021, analysts increased their price target for XP shares from 40 to 43.

The Average True Range (ATR) for XP Inc. is set at 1.55, with the Price to Sales ratio for XP stock in the period of the last 12 months amounting to 4.60. The Price to Book ratio for the last quarter was 3.55, with the Price to Cash per share for the same quarter was set at 1.07.

XP stock trade performance evaluation

XP Inc. [XP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.30. With this latest performance, XP shares dropped by -31.69% in over the last four-week period, additionally sinking by -40.56% over the last 6 months – not to mention a drop of -54.21% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XP stock in for the last two-week period is set at 32.55, with the RSI for the last a single of trading hit 34.03, and the three-weeks RSI is set at 33.47 for XP Inc. [XP]. The present Moving Average for the last 50 days of trading for this stock 27.18, while it was recorded at 19.63 for the last single week of trading, and 33.78 for the last 200 days.

XP Inc. [XP]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and XP Inc. [XP] shares currently have an operating margin of +31.78 and a Gross Margin at +70.67. XP Inc.’s Net Margin is presently recorded at +28.75.

Return on Equity for this stock inclined to 28.39, with Return on Assets sitting at 3.06.

Earnings per share (EPS) analysis for XP Inc. [XP] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for XP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for XP Inc. go to 18.40%.

XP Inc. [XP]: Insider Ownership positions

There are presently around $5,555 million, or 64.40% of XP stock, in the hands of institutional investors. The top three institutional holders of XP stocks are: GENERAL ATLANTIC, L.P. with ownership of 50,537,650, which is approximately 3.417% of the company’s market cap and around 68.06% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 26,403,989 shares of the stock with an approximate value of $528.08 million in XP stocks shares; and HARDING LOEVNER LP, currently with $332.77 million in XP stock with ownership of nearly 7.978% of the company’s market capitalization.

Positions in XP Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 148 institutional holders increased their position in XP Inc. [NASDAQ:XP] by around 60,602,220 shares. Additionally, 120 investors decreased positions by around 37,240,829 shares, while 25 investors held positions by with 179,898,437 shares. The mentioned changes placed institutional holdings at 277,741,486 shares, according to the latest SEC report filing. XP stock had 57 new institutional investments in for a total of 13,832,952 shares, while 56 institutional investors sold positions of 6,686,568 shares during the same period.