XPO, Inc. $XPO Stock Position Boosted by Traynor Capital Management Inc.

Traynor Capital Management Inc. raised its position in XPO, Inc. (NYSE:XPO) by 12.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,711 shares of the transportation company’s stock after acquiring an additional 4,824 shares during the quarter. Traynor Capital Management Inc.’s holdings in XPO were worth $7,692,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in XPO during the 3rd quarter valued at $434,000. MGO One Seven LLC purchased a new stake in XPO during the 3rd quarter worth $732,000. State of Wyoming increased its stake in XPO by 53.3% during the 3rd quarter. State of Wyoming now owns 785 shares of the transportation company’s stock worth $138,000 after buying an additional 273 shares during the period. Motley Fool Asset Management LLC increased its stake in XPO by 10.7% during the 3rd quarter. Motley Fool Asset Management LLC now owns 2,199 shares of the transportation company’s stock worth $387,000 after buying an additional 212 shares during the period. Finally, North Dakota State Investment Board lifted its holdings in XPO by 2.4% in the 3rd quarter. North Dakota State Investment Board now owns 3,490 shares of the transportation company’s stock worth $614,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Up 0.1%

Shares of NYSE:XPO opened at $189.81 on Monday. The firm has a market cap of $22.11 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.87. The company has a fifty day simple moving average of $183.82 and a 200 day simple moving average of $196.17. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.52. XPO, Inc. has a 12-month low of $124.82 and a 12-month high of $232.05.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. XPO had a net margin of 5.69% and a return on equity of 32.80%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. On average, equities research analysts anticipate that XPO, Inc. will post 5.73 EPS for the current fiscal year.

Insider Activity

In other news, CAO Christopher Brown sold 3,750 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David Bates sold 2,615 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $177.93, for a total transaction of $465,286.95. Following the transaction, the chief operating officer directly owned 62,120 shares in the company, valued at $11,053,011.60. The trade was a 4.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 11,730 shares of company stock worth $2,208,974. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on XPO. UBS Group reissued a “buy” rating and issued a $232.00 price objective on shares of XPO in a research report on Friday. Bank of America lifted their target price on XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $210.00 price target on shares of XPO in a research note on Friday. TD Cowen boosted their price target on XPO from $228.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Oppenheimer increased their price target on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus price target of $221.45.

XPO Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.