JGP Global Gestao de Recursos Ltda. Purchases New Stake in XP Inc. (NYSE:XP)

JGP Global Gestao de Recursos Ltda. purchased a new stake in shares of XP Inc. (NYSE:XP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 592,921 shares of the company’s stock, valued at approximately $22,839,000. XP comprises about 8.1% of JGP Global Gestao de Recursos Ltda.’s investment portfolio, making the stock its 5th biggest position. JGP Global Gestao de Recursos Ltda. owned approximately 0.11% of XP at the end of the most recent reporting period.

Separately, Coronation Fund Managers Ltd. acquired a new stake in XP during the fourth quarter worth approximately $3,066,000.

A number of equities research analysts have recently issued reports on XP shares. Morgan Stanley initiated coverage on XP in a report on Monday, January 6th. They set an “overweight” rating and a $45.00 price objective for the company. Goldman Sachs Group initiated coverage on XP in a research note on Monday, January 6th. They set a “neutral” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on XP in a report on Monday, January 6th. They set a “neutral” rating and a $44.00 price target for the company. Finally, Credit Suisse Group began coverage on XP in a research note on Monday, January 6th. They issued a “neutral” rating and a $43.00 price target for the company.

Shares of XP stock traded down $2.25 during trading on Friday, reaching $38.75. The company’s stock had a trading volume of 41,181 shares, compared to its average volume of 1,333,360. XP Inc. has a 52 week low of $32.10 and a 52 week high of $43.52.

XP Company Profile

XP Inc operates technology-driven financial services platform that provides financial products and services in Brazil. It provides broker-dealer services for high-net worth customers and institutional clients; 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 clients.

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