Platform Technology Partners Invests $284,000 in XPO, Inc. (NYSE:XPO)

Platform Technology Partners purchased a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,161 shares of the transportation company's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds have also made changes to their positions in XPO. D1 Capital Partners L.P. grew its holdings in XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock valued at $506,484,000 after buying an additional 2,153,042 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock valued at $59,486,000 after acquiring an additional 390,320 shares in the last quarter. Holocene Advisors LP boosted its stake in shares of XPO by 61.2% during the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company's stock valued at $73,529,000 after acquiring an additional 259,727 shares during the last quarter. JPMorgan Chase & Co. increased its position in XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company's stock worth $75,131,000 after purchasing an additional 185,686 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in XPO in the 3rd quarter valued at about $18,071,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Stephens reiterated an "overweight" rating and set a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. Barclays lowered their target price on shares of XPO from $170.00 to $165.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. 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. Susquehanna raised XPO from a "neutral" rating to a "positive" rating and lifted their price objective for the company from $155.00 to $180.00 in a research report on Friday. Finally, Jefferies Financial Group increased their target price on XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, XPO currently has an average rating of "Moderate Buy" and a consensus price target of $156.35.

XPO Trading Up 1.1 %

Shares of XPO stock traded up $1.62 during mid-day trading on Tuesday, reaching $148.10. The company's stock had a trading volume of 1,006,759 shares, compared to its average volume of 1,531,702. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $17.24 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12. The company's 50 day simple moving average is $141.04 and its 200-day simple moving average is $128.41. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate 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 predict that XPO, Inc. will post 4.16 EPS 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.