Fmr LLC Has $341.81 Million Holdings in XPO, Inc. (NYSE:XPO)

FMR LLC boosted its position in XPO, Inc. (NYSE:XPO - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,606,265 shares of the transportation company's stock after purchasing an additional 91,252 shares during the period. FMR LLC owned about 2.24% of XPO worth $341,812,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of XPO by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock worth $1,447,231,000 after buying an additional 79,393 shares during the period. Norges Bank acquired a new position in shares of XPO in the fourth quarter valued at approximately $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of XPO during the fourth quarter worth approximately $163,938,000. Life Planning Partners Inc lifted its holdings in XPO by 12,923.2% during the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock worth $109,824,000 after purchasing an additional 830,963 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company's stock valued at $75,131,000 after purchasing an additional 185,686 shares during the period. Institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on XPO shares. Jefferies Financial Group dropped their target price on XPO from $170.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus decreased their target price on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research report on Monday. Truist Financial assumed coverage on XPO in a research note on Thursday, March 13th. They issued a "buy" rating and a $130.00 price target for the company. Susquehanna dropped their price objective on XPO from $180.00 to $138.00 and set a "positive" rating for the company in a report on Monday, March 31st. Finally, Stephens reissued an "overweight" rating and set a $171.00 target price on shares of XPO in a report on Wednesday, March 5th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $139.89.

XPO Price Performance

NYSE:XPO traded down $2.57 on Wednesday, hitting $93.21. The company had a trading volume of 182,455 shares, compared to its average volume of 1,720,753. The firm has a 50 day moving average of $115.28 and a two-hundred day moving average of $128.45. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 1.79 and a beta of 2.05. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has approved a stock buyback plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, COO David J. Bates bought 1,880 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

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.