Alliancebernstein L.P. Sells 217,931 Shares of XPO, Inc. $XPO

Key Points

• Alliancebernstein L.P. reduced its stake in XPO, Inc. by 20.8%, selling 217,931 shares and holding approximately 831,579 shares valued at $89.46 million as of its latest SEC filing.
• Recent analyst ratings show a positive trend, with multiple firms raising their price targets for XPO, including Citigroup and Barclays, leading to a consensus target price of $138.00.
• XPO reported earnings of $1.05 per share for the last quarter, exceeding estimates and showing revenue growth to $2.08 billion, while analysts predict an EPS of 4.15 for the current fiscal year.

Alliancebernstein L.P. lowered its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 20.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 831,579 shares of the transportation company's stock after selling 217,931 shares during the quarter. Alliancebernstein L.P. owned about 0.71% of XPO worth $89,461,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SouthState Corp acquired a new stake in shares of XPO during the 1st quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its position in shares of XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after buying an additional 113 shares during the period. Parallel Advisors LLC grew its position in shares of XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after buying an additional 180 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of XPO by 65.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after buying an additional 209 shares during the period. Finally, Archer Investment Corp acquired a new stake in shares of XPO during the 1st quarter worth approximately $91,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Price Performance

Shares of NYSE:XPO opened at $130.79 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The stock's fifty day simple moving average is $129.38 and its two-hundred day simple moving average is $118.27. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The stock has a market cap of $15.40 billion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 2.53 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. XPO had a return on equity of 26.48% and a net margin of 4.32%.The business had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same period last year, the business earned $1.12 EPS. The business's revenue was up .0% on a year-over-year basis. As a group, analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup raised shares of XPO from a "neutral" rating to a "buy" rating and set a $140.00 price objective for the company in a research report on Friday, August 1st. Susquehanna lifted their price target on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Barclays lifted their price target on shares of XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. lifted their price target on shares of XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Benchmark lifted their price target on shares of XPO from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Nineteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, XPO has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

XPO 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.