12,016 Shares in XPO, Inc. (NYSE:XPO) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,016 shares of the transportation company's stock, valued at approximately $1,576,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Versant Capital Management Inc acquired a new position in shares of XPO in the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in XPO in the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. boosted its stake in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after acquiring an additional 130 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of XPO during the third quarter worth about $57,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

XPO has been the topic of a number of research reports. Barclays dropped their price target on XPO from $165.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Susquehanna upgraded shares of XPO from a "neutral" rating to a "positive" rating and raised their target price for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Bank of America decreased their price target on shares of XPO from $170.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Raymond James dropped their price objective on shares of XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $158.47.

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Insiders Place Their Bets

In other news, COO David J. Bates purchased 1,880 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by company insiders.

XPO Price Performance

Shares of XPO stock traded up $2.32 during trading on Wednesday, reaching $111.42. The company's stock had a trading volume of 1,969,803 shares, compared to its average volume of 1,493,744. The business has a 50 day moving average price of $130.16 and a 200-day moving average price of $129.74. The company has a market capitalization of $13.06 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. 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 posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.15 EPS for the current 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.