XPO, Inc. (NYSE:XPO) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance reduced its position in XPO, Inc. (NYSE:XPO - Free Report) by 21.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,869 shares of the transportation company's stock after selling 5,301 shares during the quarter. Independent Advisor Alliance's holdings in XPO were worth $2,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XPO. Axxcess Wealth Management LLC purchased a new stake in shares of XPO during the third quarter worth approximately $229,000. Crossmark Global Holdings Inc. raised its stake in shares of XPO by 12.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,471 shares of the transportation company's stock worth $910,000 after buying an additional 959 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of XPO by 17.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 76,231 shares of the transportation company's stock valued at $8,196,000 after buying an additional 11,180 shares during the period. Huntington National Bank lifted its holdings in shares of XPO by 5.3% in the 3rd quarter. Huntington National Bank now owns 4,278 shares of the transportation company's stock valued at $460,000 after buying an additional 215 shares during the period. Finally, KBC Group NV boosted its stake in shares of XPO by 7.3% in the third quarter. KBC Group NV now owns 3,109 shares of the transportation company's stock valued at $334,000 after buying an additional 211 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at XPO

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

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XPO Stock Up 3.7 %

NYSE:XPO traded up $3.99 during trading hours on Monday, hitting $111.23. The stock had a trading volume of 1,604,850 shares, compared to its average volume of 1,491,294. The company has a market cap of $13.04 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The business has a 50 day simple moving average of $131.28 and a two-hundred day simple moving average of $129.80. XPO, Inc. has a 1-year low of $97.03 and a 1-year 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 released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

XPO has been the topic of several research analyst reports. Bank of America decreased their target price on shares of XPO from $170.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. The Goldman Sachs Group increased their price target on shares of XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Stifel Nicolaus upgraded XPO from a "hold" rating to a "buy" rating and set a $147.00 price objective for the company in a research report on Monday, February 24th. Truist Financial began coverage on shares of XPO in a report on Thursday. They issued a "buy" rating and a $130.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $158.47.

XPO Company 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.