Virtu Financial LLC acquired a new stake in shares of XPO, Inc. (NYSE:XPO – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,298 shares of the transportation company’s stock, valued at approximately $2,215,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Amundi raised its holdings in shares of XPO by 50.7% in the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after acquiring an additional 1,820 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of XPO by 7.6% during the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after purchasing an additional 1,243 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in XPO in the second quarter valued at approximately $611,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.
XPO Stock Performance
NYSE:XPO opened at $199.56 on Friday. The company has a market capitalization of $23.43 billion, a price-to-earnings ratio of 68.34, a PEG ratio of 2.32 and a beta of 1.83. The business has a 50 day moving average of $213.50 and a 200 day moving average of $185.87. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO, Inc. has a 1-year low of $116.68 and a 1-year high of $232.05.
Insider Activity
In related news, Director Allison Landry sold 2,400 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Morgan Stanley set a $105.00 target price on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Jefferies Financial Group increased their price target on shares of XPO to $275.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group restated a “buy” rating and set a $220.00 price objective on shares of XPO in a research report on Thursday, April 30th. BMO Capital Markets lifted their price objective on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Finally, Bank of America upped their target price on shares of XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.10.
Read Our Latest Stock Analysis on XPO
About XPO
XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.
In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.
Read More
- Five stocks we like better than XPO
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Receive News & Ratings for XPO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO and related companies with MarketBeat.com's FREE daily email newsletter.
