XPO, Inc. (NYSE:XPO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in XPO, Inc. (NYSE:XPO) by 7.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 70,828 shares of the transportation company’s stock after selling 5,403 shares during the period. Oppenheimer & Co. Inc.’s holdings in XPO were worth $9,289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of XPO. Creative Planning lifted 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 purchasing an additional 611 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of XPO by 121.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,777 shares of the transportation company’s stock worth $1,804,000 after acquiring an additional 9,192 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of XPO by 9,378.7% during the 3rd 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 in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of XPO by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 13,514 shares of the transportation company’s stock worth $1,452,000 after acquiring an additional 915 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of XPO by 7.5% during the third quarter. Pinnacle Associates Ltd. now owns 6,490 shares of the transportation company’s stock valued at $698,000 after purchasing an additional 450 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XPO. JPMorgan Chase & Co. lifted their price target on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Oppenheimer boosted their price target on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price objective on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Stephens restated an “overweight” rating and issued a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $161.13.

XPO Stock Performance

Shares of NYSE XPO opened at $120.48 on Friday. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The business’s 50-day moving average price is $136.13 and its two-hundred day moving average price is $130.27. 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 company has a market capitalization of $14.13 billion, a P/E ratio of 37.30, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 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%. Analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO Company 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.