Y Intercept Hong Kong Ltd Takes $2.10 Million Position in XPO, Inc. (NYSE:XPO)

Y Intercept Hong Kong Ltd acquired a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 16,028 shares of the transportation company's stock, valued at approximately $2,102,000.

Several other institutional investors and hedge funds have also recently modified their holdings of XPO. Creative Planning grew its stake in XPO by 11.3% during the third quarter. Creative Planning now owns 6,019 shares of the transportation company's stock valued at $647,000 after acquiring an additional 611 shares in the last quarter. Blue Trust Inc. grew its position in shares of XPO by 369.5% during the third quarter. Blue Trust Inc. now owns 1,216 shares of the transportation company's stock valued at $129,000 after purchasing an additional 957 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of XPO by 121.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,777 shares of the transportation company's stock worth $1,804,000 after purchasing an additional 9,192 shares during the last quarter. Signaturefd LLC lifted its position in shares of XPO by 120.0% in the third quarter. Signaturefd LLC now owns 1,311 shares of the transportation company's stock worth $141,000 after buying an additional 715 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in XPO by 9,378.7% during the third quarter. International Assets Investment Management LLC now owns 32,038 shares of the transportation company's stock valued at $3,444,000 after buying an additional 31,700 shares during the last quarter. Institutional investors own 97.73% of the company's stock.

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XPO Stock Up 2.0 %

Shares of NYSE XPO traded up $2.36 during mid-day trading on Friday, hitting $122.90. The company had a trading volume of 1,212,958 shares, compared to its average volume of 1,464,630. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The company has a market capitalization of $14.41 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The business's 50-day simple moving average is $136.13 and its 200 day simple moving average is $130.27.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on XPO shares. Benchmark upped their price objective on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. TD Cowen upped their price target on shares of XPO from $137.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Stephens reissued an "overweight" rating and issued a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on shares of XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group increased their price target on XPO from $150.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 10th. Sixteen investment analysts have rated the stock with a buy rating, According to MarketBeat, XPO has an average rating of "Buy" and a consensus target price of $161.13.

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.