16,028 Shares in XPO, Inc. (NYSE:XPO) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in XPO, Inc. (NYSE:XPO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,028 shares of the transportation company’s stock, valued at approximately $2,102,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Creative Planning raised its position in XPO by 11.3% in the 3rd quarter. Creative Planning now owns 6,019 shares of the transportation company’s stock worth $647,000 after purchasing an additional 611 shares during the period. Blue Trust Inc. raised its position in XPO by 369.5% in the 3rd quarter. Blue Trust Inc. now owns 1,216 shares of the transportation company’s stock worth $129,000 after purchasing an additional 957 shares during the period. Allspring Global Investments Holdings LLC raised its position in XPO by 121.2% in the 3rd 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 period. Signaturefd LLC increased its position in shares of XPO by 120.0% during the third quarter. Signaturefd LLC now owns 1,311 shares of the transportation company’s stock worth $141,000 after acquiring an additional 715 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of 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 worth $3,444,000 after acquiring an additional 31,700 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPO has been the topic of a number of research reports. Oppenheimer raised their target price on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. TD Cowen raised their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Benchmark raised their target price on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Citigroup raised their target price on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Sixteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO presently has a consensus rating of “Buy” and an average target price of $161.13.

XPO Price Performance

Shares of XPO opened at $123.80 on Tuesday. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a 50 day moving average of $138.54 and a two-hundred day moving average of $130.27.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate 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, analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal 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.