Hsbc Holdings PLC Purchases Shares of 67,313 XPO, Inc. $XPO

Hsbc Holdings PLC purchased a new stake in shares of XPO, Inc. (NYSE:XPO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 67,313 shares of the transportation company’s stock, valued at approximately $13,804,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XPO. Amundi increased its position in XPO by 50.7% in the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after acquiring an additional 1,820 shares during the period. AQR Capital Management LLC boosted its position in XPO by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after acquiring an additional 1,243 shares during the period. NewEdge Advisors LLC grew its stake in shares of XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of XPO during the second quarter valued at $611,000. 97.73% of the stock is owned by institutional investors.

XPO Trading Down 0.4%

Shares of XPO stock opened at $191.76 on Friday. The stock has a 50-day simple moving average of $204.21 and a 200 day simple moving average of $205.47. The stock has a market capitalization of $22.45 billion, a P/E ratio of 56.57, a P/E/G ratio of 1.95 and a beta of 1.85. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the business earned $1.05 earnings per share. XPO’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts expect that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XPO has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Weiss Ratings cut shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Stephens boosted their price target on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Truist Financial set a $240.00 price target on shares of XPO in a research note on Friday, May 1st. Finally, Benchmark increased their price objective on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $225.86.

Insider Activity

In related news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by corporate insiders.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.