XPO Target of Unusually Large Options Trading (NYSE:XPO)

XPO, Inc. (NYSE:XPO) saw some unusual options trading activity on Monday. Investors purchased 4,780 put options on the company. This represents an increase of approximately 406% compared to the average daily volume of 945 put options.

Hedge Funds Weigh In On XPO

Several large investors have recently bought and sold shares of the business. Capital World Investors grew its position in shares of XPO by 7.3% during the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after buying an additional 735,450 shares during the period. Invesco Ltd. boosted its stake in XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP grew its holdings in XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after purchasing an additional 736,224 shares during the period. Orbis Allan Gray Ltd increased its stake in XPO by 16.8% in the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock valued at $397,820,000 after purchasing an additional 452,891 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in XPO by 17.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock worth $223,052,000 after purchasing an additional 306,928 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Benchmark restated a “buy” rating on shares of XPO in a research note on Tuesday, December 2nd. Susquehanna restated a “positive” rating and set a $162.00 target price on shares of XPO in a research report on Friday, October 31st. Oppenheimer set a $154.00 price target on XPO and gave the company an “outperform” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on XPO from $166.00 to $163.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Finally, Bank of America boosted their target price on shares of XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.67.

XPO Stock Up 1.0%

Shares of NYSE XPO opened at $148.17 on Wednesday. XPO has a 12-month low of $85.06 and a 12-month high of $161.00. The firm’s 50-day simple moving average is $136.20 and its 200 day simple moving average is $130.77. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. The company has a market cap of $17.39 billion, a price-to-earnings ratio of 53.30, a price-to-earnings-growth ratio of 2.92 and a beta of 2.03.

XPO (NYSE:XPO) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. The company had revenue of ($2,243.00) million for the quarter. On average, research analysts expect that XPO will post 4.15 earnings per share for the current fiscal year.

About XPO

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.