Why XP Inc. (XP) stock lost its positive momentum in the after-hours on Monday?

XP Inc. shares declined 4.62% in after-hours on Monday, December 13, 2021, and closed the daily trading at $29.72. However, in the regular trading session, XP’s stock gained 3.49%. its shares have fallen 12.89% over the last 12 months, and they have moved up 5.16% in the past week. Over the past three months, the stock has lost 33.49%, while over the past six months, it has plunged 29.74%.

Let’s have a look at its recent news and developments.

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XP investment in real estate

On December 09, 2021, XP Inc signed an agreement with Direcional Engenharia (DIRR3) to invest in the real estate financing startup Direto.

The deal will allow XP Inc. to expand its operations in the real estate segment. Direto will rely on XP’s distribution structure, tech platform, and funding solutions and Direcional’s knowledge and efficiency in the real estate market.

Upcoming investor Day

XP Inc. will host its Investor Day 2021 on Wednesday, December 15, 2021. The event will be hosted virtually from 8:00 am to 11:00 am ET and will be streamed in both English and Portuguese.

XP investment in Vista Capital

On November 16, 2021, XP Inc. acquired a minority stake in Vista Capital, one of the main independent equity and hedge funds managers in Brazil, with over R$4.5bn in Assets Under Management (AUM).

XP latest financial results

On November 03, 2021, XP Inc. announced its financial results for the third quarter of 2021.

Q3 2021 financial highlights

  • Total gross revenue was R$3.4 billion in Q3 2021 compared to R$2.2 billion in Q3 2020.
  • Selling, general and administrative expenses were R$1,116 million in Q3 2021 compared to R$669 million in Q3 2020.
  • Adjusted EBITDA was R$1,170 million in Q3 2021 compared to R$728 million.
  • Adjusted Net Income was R$1,039 million in Q3 2021 compared to R$570 million in Q3 2020.
  • Net income was $936 million in Q3 2021 compared to $541 million in Q3 2020.

XP acquired AZ Quest

On October 19, 2021, XP Inc. acquired a minority stake in AZ Quest, one of the largest and most traditional independent asset management companies in Brazil, and part of the Italian Azimut Group since 2015. AZ Quest has a diversified platform of products that include Equities, Macro, Private Credit, and Arbitrage strategies.


Well, as of this writing, we have no recent news which can justify its after-hours loss on Monday. Let’s see how it performs in the coming trading session on Tuesday?

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