XPO (NYSE:XPO) Shares Cross Above 50 Day Moving Average – Should You Sell?

XPO, Inc. (NYSE:XPO)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $182.93 and traded as high as $188.64. XPO shares last traded at $187.84, with a volume of 1,103,658 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on XPO shares. Sanford C. Bernstein started coverage on shares of XPO in a research note on Thursday, September 10th. They issued an “outperform” rating and a $244.00 target price on the stock. Stifel Nicolaus set a $235.00 target price on shares of XPO in a research report on Friday, October 30th. Citizens Jmp initiated coverage on shares of XPO in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Truist Financial lowered their price target on XPO from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Finally, Oppenheimer lifted their price objective on XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $221.45.

XPO Stock Performance

The firm’s 50 day moving average price is $182.88 and its 200-day moving average price is $197.64. The firm has a market cap of $21.98 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 1.72 and a beta of 1.87. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last released its earnings results on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.58 by $0.12. XPO had a net margin of 5.69% and a return on equity of 32.80%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the company earned $1.07 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts anticipate that XPO, Inc. will post 5.77 earnings per share for the current year.

Insider Transactions at XPO

In related news, COO David J. Bates sold 2,615 shares of XPO stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $179.41, for a total transaction of $469,157.15. Following the sale, the chief operating officer directly owned 64,735 shares of the company’s stock, valued at $11,614,106.35. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $191.62, for a total value of $143,715.00. Following the transaction, the chief financial officer owned 47,216 shares in the company, valued at $9,047,529.92. This represents a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,095 shares of company stock valued at $1,851,171 in the last ninety days. 0.87% of the stock is owned by company insiders.

Institutional Trading of XPO

Several institutional investors have recently modified their holdings of XPO. USS Investment Management Ltd acquired a new position in shares of XPO in the third quarter valued at $2,569,000. Private Advisor Group LLC boosted its stake in XPO by 33.2% during the third quarter. Private Advisor Group LLC now owns 3,488 shares of the transportation company’s stock worth $614,000 after buying an additional 870 shares in the last quarter. OneAscent Family Office LLC boosted its stake in XPO by 8.7% during the third quarter. OneAscent Family Office LLC now owns 1,931 shares of the transportation company’s stock worth $340,000 after buying an additional 154 shares in the last quarter. Legacy Financial Group LLC increased its holdings in XPO by 5.5% in the 3rd quarter. Legacy Financial Group LLC now owns 2,275 shares of the transportation company’s stock valued at $400,000 after buying an additional 118 shares during the period. Finally, Cibc World Market Inc. increased its holdings in XPO by 199.0% in the 3rd quarter. Cibc World Market Inc. now owns 5,860 shares of the transportation company’s stock valued at $1,031,000 after buying an additional 3,900 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

About XPO

XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.