Geode Capital Management LLC Has $24.81 Million Stock Position in XPEL, Inc. (NASDAQ:XPEL)

Geode Capital Management LLC raised its holdings in XPEL, Inc. (NASDAQ:XPEL) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 571,880 shares of the company’s stock after buying an additional 25,526 shares during the period. Geode Capital Management LLC’s holdings in XPEL were worth $24,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of XPEL by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 169,524 shares of the company’s stock worth $6,028,000 after purchasing an additional 14,872 shares in the last quarter. Financial Advocates Investment Management acquired a new position in shares of XPEL during the 2nd quarter worth $223,000. nVerses Capital LLC lifted its position in shares of XPEL by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $68,000 after buying an additional 1,800 shares during the last quarter. Rhumbline Advisers boosted its stake in XPEL by 4.5% in the second quarter. Rhumbline Advisers now owns 63,235 shares of the company’s stock valued at $2,249,000 after buying an additional 2,711 shares in the last quarter. Finally, Fiera Capital Corp grew its position in XPEL by 23.1% in the second quarter. Fiera Capital Corp now owns 32,000 shares of the company’s stock valued at $1,138,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

Insider Buying and Selling at XPEL

In other XPEL news, Director Mike Klonne sold 5,000 shares of XPEL stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the transaction, the director now directly owns 50,008 shares of the company’s stock, valued at approximately $2,150,344. The trade was a 9.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Pape sold 20,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.34, for a total value of $926,800.00. Following the completion of the sale, the chief executive officer now owns 1,085,607 shares in the company, valued at $50,307,028.38. This trade represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,544 shares of company stock worth $2,606,789. 9.50% of the stock is currently owned by insiders.

XPEL Trading Down 1.4 %

XPEL stock opened at $39.65 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of 22.66 and a beta of 1.81. The firm has a 50-day moving average price of $42.77 and a 200-day moving average price of $41.05. XPEL, Inc. has a 12 month low of $30.75 and a 12 month high of $60.49.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The company had revenue of $112.85 million during the quarter, compared to the consensus estimate of $114.59 million. During the same period in the prior year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts predict that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

About XPEL

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.