Bayesian Capital Management LP recently made a significant investment in XPO, Inc. by purchasing 10,845 shares of the transportation company’s stock, totaling $1.32 million. This move was reflected in their 13F filing with the Securities and Exchange Commission. Other institutional investors and hedge funds have also been active in trading XPO shares. For example, SG Americas Securities LLC increased its stake by 120.3% during the fourth quarter, while Raymond James Financial Services Advisors Inc. and Global Retirement Partners LLC saw growth in their holdings as well.
XPO’s stock experienced a 2.2% increase, trading at $114.86 on Wednesday. The company has a market capitalization of $13.36 billion, with a current ratio of 0.94 and a quick ratio of 0.94. XPO has shown a 12-month low of $64.70 and a high of $130.51. The company reported earnings of $0.81 per share in the last quarter, surpassing analysts’ estimates. XPO’s revenue for the quarter was $2.02 billion, slightly higher than the consensus estimate of $2.01 billion. Analysts predict that XPO will post 3.54 earnings per share for the current fiscal year.
Several research analysts have provided insights on XPO’s performance, with varying price targets and ratings. Bank of America, Oppenheimer, TD Cowen, Evercore ISI, and Wells Fargo & Company are among the firms that have recently commented on XPO. The stock has received a mix of sell, hold, and buy ratings, with an average rating of “Moderate Buy” and a consensus price target of $120.45.
In terms of insider activity, Director Allison Landry recently sold 1,875 shares of XPO stock, while major shareholder Mfn Partners, Lp sold 1,250,000 shares. These transactions were disclosed in filings with the Securities & Exchange Commission. XPO, Inc. operates in the freight transportation services sector, providing customers with less-than-truckload (LTL) services in various regions globally.
While XPO has a “Moderate Buy” rating among analysts, there are other stocks that top analysts are recommending for investment opportunities. With average gains of 150% since the beginning of 2023, considering these alternative options could potentially enhance your investment portfolio. It’s essential to stay informed about the latest trends and recommendations in the stock market to make well-informed decisions regarding your investments.