Fmr LLC Has $270.39 Million Holdings in XPO, Inc. (NYSE:XPO)

FMR LLC lowered its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 12.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,515,013 shares of the transportation company's stock after selling 345,664 shares during the period. FMR LLC owned about 2.16% of XPO worth $270,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in shares of XPO by 239.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock worth $59,486,000 after purchasing an additional 390,320 shares during the last quarter. Qsemble Capital Management LP acquired a new position in XPO during the third quarter worth $257,000. Independent Advisor Alliance increased its holdings in XPO by 3.0% during the third quarter. Independent Advisor Alliance now owns 24,170 shares of the transportation company's stock worth $2,599,000 after buying an additional 693 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in XPO by 7.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 8,279 shares of the transportation company's stock worth $890,000 after acquiring an additional 576 shares in the last quarter. Finally, Okabena Investment Services Inc. acquired a new stake in XPO in the third quarter valued at $480,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XPO. The Goldman Sachs Group lowered their price objective on shares of XPO from $139.00 to $136.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on XPO from $147.00 to $143.00 and set an "overweight" rating on the stock in a research report on Friday, September 6th. Barclays lifted their target price on XPO from $150.00 to $170.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. TD Cowen boosted their target price on XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Stephens reaffirmed an "overweight" rating and set a $150.00 price target on shares of XPO in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, XPO has an average rating of "Moderate Buy" and an average price target of $141.13.

XPO Trading Up 1.5 %

XPO stock traded up $2.27 during mid-day trading on Monday, reaching $154.68. The company's stock had a trading volume of 650,161 shares, compared to its average volume of 1,457,408. XPO, Inc. has a 12 month low of $78.72 and a 12 month high of $156.85. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The business's 50 day moving average price is $127.72 and its 200 day moving average price is $116.20. The company has a market cap of $18.01 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 2.29 and a beta of 2.07.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. XPO's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. On average, equities research analysts predict that XPO, Inc. will post 3.62 EPS for the current year.

XPO Profile

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.