Tidal Investments LLC Has $1.52 Million Position in XPO, Inc. (NYSE:XPO)

Tidal Investments LLC boosted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 472.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,101 shares of the transportation company's stock after purchasing an additional 11,636 shares during the period. Tidal Investments LLC's holdings in XPO were worth $1,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XPO. ORG Wealth Partners LLC bought a new stake in shares of XPO during the third quarter worth $25,000. Blue Trust Inc. grew its holdings in XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock worth $27,000 after acquiring an additional 258 shares during the last quarter. Quest Partners LLC acquired a new stake in XPO in the 2nd quarter valued at about $28,000. International Assets Investment Management LLC bought a new position in shares of XPO in the second quarter worth about $36,000. Finally, UMB Bank n.a. lifted its position in shares of XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock worth $49,000 after purchasing an additional 353 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on XPO shares. Benchmark reissued a "buy" rating and issued a $140.00 price target on shares of XPO in a report on Thursday, September 19th. Barclays lifted their target price on XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Citigroup upped their price target on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group boosted their price objective on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Stephens reaffirmed an "overweight" rating and issued a $165.00 target price on shares of XPO in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $147.31.

XPO Trading Down 6.5 %

Shares of XPO stock traded down $10.28 on Wednesday, hitting $147.66. The stock had a trading volume of 1,436,133 shares, compared to its average volume of 1,475,484. 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 twelve month low of $80.26 and a twelve month high of $161.00. The company has a fifty day moving average price of $138.74 and a two-hundred day moving average price of $120.18. The firm has a market cap of $17.19 billion, a P/E ratio of 47.79, a PEG ratio of 2.37 and a beta of 2.08.

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