XPO, Inc. $XPO Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 25.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,215 shares of the transportation company’s stock after selling 4,796 shares during the period. Hsbc Holdings PLC’s holdings in XPO were worth $1,936,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of XPO by 80,100.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 802 shares of the transportation company’s stock worth $109,000 after purchasing an additional 801 shares during the period. Virtu Financial LLC acquired a new position in shares of XPO in the 4th quarter valued at about $2,215,000. Compound Planning Inc. boosted its holdings in shares of XPO by 12.5% in the 4th quarter. Compound Planning Inc. now owns 2,320 shares of the transportation company’s stock valued at $315,000 after buying an additional 258 shares during the period. Corient Private Wealth LLC grew its position in shares of XPO by 116.1% during the 4th quarter. Corient Private Wealth LLC now owns 9,043 shares of the transportation company’s stock valued at $1,229,000 after buying an additional 4,858 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in XPO by 2.1% during the fourth quarter. First Citizens Bank & Trust Co. now owns 11,378 shares of the transportation company’s stock worth $1,546,000 after acquiring an additional 229 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Trading Up 2.2%

XPO stock opened at $205.90 on Tuesday. XPO, Inc. has a 52-week low of $116.68 and a 52-week high of $232.05. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 70.52, a PEG ratio of 2.34 and a beta of 1.83. The firm has a 50-day moving average price of $212.01 and a two-hundred day moving average price of $188.73.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. XPO’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 earnings per share. Sell-side analysts expect that XPO, Inc. will post 4.85 earnings per share for the current year.

Insider Transactions at XPO

In related news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on XPO shares. Barclays raised their target price on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $240.00 target price on XPO in a report on Friday, May 1st. Bank of America increased their price target on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Morgan Stanley set a $105.00 price objective on XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Finally, Raymond James Financial restated an “outperform” rating and set a $233.00 price objective on shares of XPO in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $218.10.

XPO Company Profile

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.