Christopher Michael Brown Sells 1,250 Shares of XPO (NYSE:XPO) Stock

Key Points

• XPO Chief Accounting Officer Christopher Michael Brown sold 1,250 shares at an average price of $201.41, worth $251,762.50, reducing his direct ownership by 3.47% to 34,755 shares. He also sold 3,750 additional shares the following day for $757,275.
• XPO shares recently traded at $208.87, near the 50-day average of $208.42, while the company reported quarterly EPS of $1.70 and revenue of $2.35 billion—beating estimates and marking 13.2% year-over-year revenue growth.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $225.86; institutional investors own 97.73% of XPO’s outstanding stock.

XPO, Inc. (NYSE:XPO - Get Free Report) CAO Christopher Michael Brown sold 1,250 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $201.41, for a total value of $251,762.50. Following the completion of the sale, the chief accounting officer directly owned 34,755 shares of the company's stock, valued at $7,000,004.55. This represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Christopher Michael Brown also recently made the following trade(s):

• On Tuesday, August 11th, Christopher Michael Brown sold 3,750 shares of XPO stock. The shares were sold at an average price of $201.94, for a total value of $757,275.00.

XPO Stock Performance

Shares of NYSE XPO traded up $5.47 during trading on Wednesday, reaching $208.87. 995,243 shares of the stock traded hands, compared to its average volume of 1,531,274. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $24.46 billion, a P/E ratio of 61.61, a price-to-earnings-growth ratio of 2.04 and a beta of 1.85. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05. The company has a 50-day moving average of $208.42 and a 200-day moving average of $202.19.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted $1.05 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Analysts forecast that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on XPO shares. Susquehanna lifted their price objective on shares of XPO from $212.00 to $214.00 and gave the company a "neutral" rating in a research note on Tuesday, July 14th. Weiss Ratings lowered XPO from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Evercore upgraded XPO from an "in-line" rating to an "outperform" rating in a research note on Wednesday, July 1st. Truist Financial set a $240.00 price target on XPO in a research report on Friday, May 1st. Finally, Barclays increased their price target on shares of XPO from $195.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $225.86.

Institutional Investors Weigh In On XPO

Several large investors have recently added to or reduced their stakes in the business. Elyxium Wealth LLC bought a new position in XPO in the 4th quarter worth about $28,000. Keating Financial Advisory Services Inc. bought a new stake in shares of XPO during the 2nd quarter valued at about $32,000. Torren Management LLC bought a new stake in shares of XPO during the 4th quarter valued at about $37,000. Horizon Investments LLC purchased a new position in shares of XPO during the third quarter worth about $39,000. Finally, International Assets Investment Management LLC purchased a new position in shares of XPO during the fourth quarter worth about $41,000. Institutional investors own 97.73% of the company's stock.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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