JPMorgan Chase & Co. Has $75.13 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

JPMorgan Chase & Co. grew its position in XPO, Inc. (NYSE:XPO - Free Report) by 36.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 698,831 shares of the transportation company's stock after buying an additional 185,686 shares during the period. JPMorgan Chase & Co. owned approximately 0.60% of XPO worth $75,131,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in XPO during the 3rd quarter worth approximately $25,000. Quest Partners LLC acquired a new stake in shares of XPO during the second quarter worth $28,000. International Assets Investment Management LLC acquired a new stake in shares of XPO during the second quarter worth $36,000. UMB Bank n.a. lifted its position in XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock valued at $49,000 after acquiring an additional 353 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in XPO in the 3rd quarter worth $57,000. Institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on XPO shares. The Goldman Sachs Group boosted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Oppenheimer increased their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Citigroup upped their target price on XPO from $155.00 to $179.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Stifel Nicolaus raised their price target on XPO from $125.00 to $126.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Finally, Stephens reiterated an "overweight" rating and set a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, XPO has an average rating of "Moderate Buy" and an average target price of $147.31.

XPO Trading Up 4.5 %

NYSE:XPO traded up $5.96 during mid-day trading on Friday, hitting $138.46. 1,914,583 shares of the company's stock were exchanged, compared to its average volume of 1,616,891. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a fifty-two week low of $80.26 and a fifty-two week high of $161.00. The company has a 50 day simple moving average of $144.56 and a 200-day simple moving average of $122.67. The firm has a market capitalization of $16.12 billion, a P/E ratio of 44.81, a PEG ratio of 2.37 and a beta of 2.08.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. As a group, research analysts expect that XPO, Inc. will post 3.62 earnings per share for the current year.

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.