Traynor Capital Management Inc. Buys 13,422 Shares of XPO, Inc. (NYSE:XPO)

Traynor Capital Management Inc. boosted its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 125.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,142 shares of the transportation company's stock after purchasing an additional 13,422 shares during the period. Traynor Capital Management Inc.'s holdings in XPO were worth $2,596,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new position in XPO in the third quarter worth about $25,000. Blue Trust Inc. raised its holdings in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock valued at $27,000 after buying an additional 258 shares during the last quarter. Quest Partners LLC bought a new stake in XPO during the 2nd quarter valued at $28,000. ORG Partners LLC acquired a new stake in XPO in the first quarter worth about $36,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of XPO in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Up 0.6 %

NYSE XPO traded up $0.69 on Tuesday, reaching $120.25. The stock had a trading volume of 1,809,211 shares, compared to its average volume of 1,467,150. The business has a 50 day moving average price of $112.11 and a 200 day moving average price of $111.01. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 1 year low of $71.55 and a 1 year high of $130.51. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 39.87, a P/E/G ratio of 1.93 and a beta of 2.10.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.07 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business's quarterly revenue was up 8.5% compared to the same quarter last year. On average, analysts forecast that XPO, Inc. will post 3.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on XPO. Citigroup assumed coverage on XPO in a report on Wednesday, October 9th. They set a "buy" rating and a $127.00 target price on the stock. Bank of America dropped their price target on XPO from $135.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Benchmark reissued a "buy" rating and set a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Oppenheimer restated an "outperform" rating and issued a $140.00 target price on shares of XPO in a report on Friday, October 4th. Finally, The Goldman Sachs Group decreased their target price on XPO from $139.00 to $136.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $130.41.

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.