J.P. Morgan Private Wealth Advisors LLC Has $1.50 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

J.P. Morgan Private Wealth Advisors LLC decreased its holdings in shares of XPO, Inc. (NYSE:XPOFree Report) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,142 shares of the transportation company’s stock after selling 1,551 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in XPO were worth $1,504,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in XPO by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,432,077 shares of the transportation company’s stock valued at $464,436,000 after purchasing an additional 367,078 shares during the last quarter. BlackRock Inc. lifted its holdings in XPO by 9.9% during the 1st quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company’s stock valued at $731,604,000 after purchasing an additional 906,295 shares during the last quarter. MFN Partners Management LP lifted its holdings in XPO by 68.4% during the 1st quarter. MFN Partners Management LP now owns 7,200,369 shares of the transportation company’s stock valued at $524,187,000 after purchasing an additional 2,925,000 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in XPO by 22.4% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,765,746 shares of the transportation company’s stock valued at $222,179,000 after purchasing an additional 688,409 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in XPO by 22.8% during the 4th quarter. Alliancebernstein L.P. now owns 3,706,775 shares of the transportation company’s stock valued at $123,399,000 after purchasing an additional 687,859 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their target price on XPO from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 31st. Raymond James lifted their target price on XPO from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Benchmark lifted their target price on XPO from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. BMO Capital Markets lifted their target price on XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus lifted their target price on XPO from $77.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.90.

Read Our Latest Research Report on XPO

XPO Stock Performance

NYSE:XPO opened at $120.84 on Monday. The stock has a market cap of $14.03 billion, a P/E ratio of 75.06, a price-to-earnings-growth ratio of 3.03 and a beta of 2.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock’s 50-day moving average is $88.19 and its 200-day moving average is $79.94. XPO, Inc. has a 1-year low of $29.02 and a 1-year high of $122.10.

XPO (NYSE:XPOGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.15. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. Equities research analysts anticipate that XPO, Inc. will post 3.32 earnings per share for the current year.

XPO Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for XPO (NYSE:XPO)

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