XPO, Inc. (NYSE:XPO) Stake Trimmed by Geode Capital Management LLC

Geode Capital Management LLC lessened its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,981,642 shares of the transportation company's stock after selling 6,324 shares during the period. Geode Capital Management LLC owned about 1.70% of XPO worth $213,101,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in XPO during the third quarter worth about $25,000. Blue Trust Inc. raised its position in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock worth $27,000 after purchasing an additional 258 shares during the period. Quest Partners LLC bought a new stake in shares of XPO in the 2nd quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new position in XPO during the 2nd quarter valued at approximately $36,000. Finally, UMB Bank n.a. grew its stake in XPO by 356.6% during the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock worth $49,000 after buying an additional 353 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, December 6th. The Goldman Sachs Group boosted their target price on shares of XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research note on Thursday. Evercore ISI decreased their target price on shares of XPO from $129.00 to $125.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Susquehanna lifted their price target on XPO from $145.00 to $160.00 and gave the company a "positive" rating in a report on Wednesday, September 18th. Finally, Stephens reissued an "overweight" rating and issued a $165.00 price objective on shares of XPO in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $147.31.

XPO Price Performance

Shares of XPO stock traded up $1.90 during trading on Monday, hitting $158.20. The stock had a trading volume of 1,613,204 shares, compared to its average volume of 1,474,186. The business has a fifty day moving average of $136.67 and a two-hundred day moving average of $119.46. XPO, Inc. has a fifty-two week low of $80.26 and a fifty-two week high of $159.65. The firm has a market cap of $18.41 billion, a P/E ratio of 50.58, a PEG ratio of 2.37 and a beta of 2.08. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. XPO's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. On average, sell-side analysts expect that XPO, Inc. will post 3.62 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.