XPO, Inc. (NYSE:XPO) Shares Sold by Emerald Advisers LLC
Emerald Advisers LLC reduced its holdings in XPO, Inc. (NYSE:XPO) by 53.8% in Q3, now owning 4,132 shares after selling 4,809 shares. Other institutional investors also adjusted their stakes, with Perennial Investment Advisors increasing theirs by 5.5%. XPO shares opened at $19.19, with a market cap of $3.15 billion and a P/E ratio of 42.13. Analysts have mixed ratings, with a consensus of "Moderate Buy" and a price target of $38.38.
Emerald Advisers LLC trimmed its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 53.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,132 shares of the transportation company's stock after selling 4,809 shares during the quarter. Emerald Advisers LLC's holdings in XPO were worth $444,000 at the end of the most recent reporting period.
- FedEx Stock Has Analysts Upgrading in Bulk, a Sudden Discount
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Perennial Investment Advisors LLC boosted its stake in shares of XPO by 5.5% in the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company's stock worth $210,000 after buying an additional 103 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of XPO by 9.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company's stock worth $150,000 after purchasing an additional 126 shares during the period. Stephens Inc. AR increased its holdings in shares of XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company's stock valued at $256,000 after purchasing an additional 142 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in shares of XPO by 1.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company's stock valued at $805,000 after purchasing an additional 145 shares during the period. Finally, PFG Investments LLC boosted its holdings in XPO by 4.3% during the third quarter. PFG Investments LLC now owns 3,482 shares of the transportation company's stock worth $374,000 after buying an additional 145 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.
XPO Stock Down 0.3 %
Shares of NYSE XPO opened at $130.19 on Monday. The business has a 50-day moving average of $112.67 and a two-hundred day moving average of $111.19. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 2.08 and a beta of 2.07. XPO, Inc. has a 1 year low of $78.01 and a 1 year high of $138.71. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.00.
- MarketBeat ‘Stock of the Week’: Bowlero is on a roll
XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 earnings per share. On average, analysts forecast that XPO, Inc. will post 3.55 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently weighed in on XPO shares. Benchmark restated a "buy" rating and issued a $140.00 price target on shares of XPO in a research note on Thursday, September 19th. Bank of America dropped their price objective on XPO from $135.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company upped their target price on XPO from $119.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday. Susquehanna lifted their price target on shares of XPO from $145.00 to $160.00 and gave the company a "positive" rating in a research note on Wednesday, September 18th. Finally, The Goldman Sachs Group cut their price target on shares of XPO from $139.00 to $136.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $138.38.
- Markets love XPO, your stuff still needs to get where it's going
Read Our Latest Stock Report on XPO
About XPO
(Free Report)XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.
Recommended Stories
- Five stocks we like better than XPO
- Comparing and Trading High PE Ratio Stocks
- From PACs to Portfolios: Billionaire Bets and Investor Reactions
- What is Short Interest? How to Use It
- AppLovin Stock Quadruples: What’s Behind the Bullish Sentiment?
- What Are Dividend Challengers?
- Battle of the Retailers: Who Comes Out on Top?
Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO, Inc. (NYSE:XPO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
→ Protect Your Bank Account with THESE 4 Simple Steps (From Weiss Ratings) (Ad)
Should you invest $1,000 in XPO right now?
Before you consider XPO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and XPO wasn't on the list.
While XPO currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
