Life Planning Partners Inc Acquires 257,338 Shares of GXO Logistics, Inc. (NYSE:GXO)

Life Planning Partners Inc raised its stake in GXO Logistics, Inc. (NYSE:GXO - Free Report) by 4,250.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,393 shares of the company's stock after purchasing an additional 257,338 shares during the period. Life Planning Partners Inc owned 0.22% of GXO Logistics worth $11,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stifel Financial Corp boosted its holdings in GXO Logistics by 95.8% during the third quarter. Stifel Financial Corp now owns 76,045 shares of the company's stock worth $3,960,000 after purchasing an additional 37,197 shares during the last quarter. Douglas Lane & Associates LLC boosted its holdings in GXO Logistics by 6.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 480,553 shares of the company's stock worth $20,904,000 after purchasing an additional 31,015 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in GXO Logistics by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 502,273 shares of the company's stock valued at $26,153,000 after acquiring an additional 12,208 shares during the last quarter. Tidal Investments LLC purchased a new position in GXO Logistics in the third quarter valued at about $667,000. Finally, Barclays PLC boosted its stake in GXO Logistics by 28.9% in the third quarter. Barclays PLC now owns 62,545 shares of the company's stock valued at $3,256,000 after acquiring an additional 14,020 shares during the last quarter. 90.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen boosted their target price on shares of GXO Logistics from $82.00 to $83.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Oppenheimer boosted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. The Goldman Sachs Group lowered their price target on shares of GXO Logistics from $63.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Morgan Stanley lowered their price target on shares of GXO Logistics from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $66.00 price target (down previously from $74.00) on shares of GXO Logistics in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.54.

GXO Logistics Price Performance

Shares of NYSE:GXO traded up $3.18 during trading on Monday, reaching $39.49. The company had a trading volume of 4,534,132 shares, compared to its average volume of 988,272. GXO Logistics, Inc. has a 12 month low of $34.51 and a 12 month high of $63.33. The stock has a market capitalization of $4.72 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.60. The company has a fifty day moving average of $44.20 and a two-hundred day moving average of $50.69. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.81.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. GXO Logistics had a net margin of 0.97% and a return on equity of 10.03%. Equities research analysts forecast that GXO Logistics, Inc. will post 2.73 earnings per share for the current year.

GXO Logistics Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.