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

Hsbc Holdings PLC decreased its stake in XPO, Inc. (NYSE:XPO) by 25.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

A number of other large investors have also modified their holdings of the stock. Durable Capital Partners LP boosted its holdings in XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank purchased a new stake in shares of XPO during the fourth quarter valued at approximately $204,304,000. Bessemer Group Inc. raised its stake in shares of XPO by 228,761.0% during the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock valued at $152,411,000 after purchasing an additional 1,120,929 shares during the period. Invesco Ltd. lifted its position in shares of XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after purchasing an additional 735,450 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Trading Up 2.2%

XPO opened at $205.90 on Tuesday. XPO, Inc. has a 12-month low of $116.68 and a 12-month high of $232.05. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $24.18 billion, a PE ratio of 70.52, a P/E/G ratio of 2.34 and a beta of 1.83. The firm’s fifty day moving average price is $212.01 and its 200 day moving average price is $188.73.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion during 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%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. As a group, research analysts expect that XPO, Inc. will post 4.85 EPS for the current fiscal year.

Insider Activity at XPO

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated 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 in the company, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XPO. TD Cowen lifted their price target on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Citigroup raised their target price on XPO from $221.00 to $236.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. BMO Capital Markets lifted their target price on XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Finally, Bank of America boosted their price target on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, XPO 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.