GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management LLC reduced its holdings in GXO Logistics by 23.8% during the first quarter, now owning 0.12% of the company's stock worth approximately $5.3 million.
• Several research analysts have increased their target prices for GXO Logistics, with Citigroup raising it to $59.00 and JPMorgan Chase & Co. to $65.00, indicating a strong bullish sentiment with an average rating of "Moderate Buy".
• GXO Logistics reported a quarterly revenue of $3.30 billion, exceeding estimates by $210 million, alongside an earnings per share of $0.57, slightly above the consensus estimate.

Motley Fool Asset Management LLC lessened its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 23.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,495 shares of the company's stock after selling 42,250 shares during the quarter. Motley Fool Asset Management LLC owned about 0.12% of GXO Logistics worth $5,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in GXO Logistics by 2,460.7% in the first quarter. Larson Financial Group LLC now owns 717 shares of the company's stock valued at $28,000 after acquiring an additional 689 shares during the period. GAMMA Investing LLC lifted its holdings in GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company's stock valued at $33,000 after acquiring an additional 302 shares during the period. Golden State Wealth Management LLC acquired a new stake in GXO Logistics in the first quarter valued at $34,000. Quarry LP lifted its holdings in GXO Logistics by 1,334.9% in the fourth quarter. Quarry LP now owns 1,234 shares of the company's stock valued at $54,000 after acquiring an additional 1,148 shares during the period. Finally, Covestor Ltd lifted its holdings in GXO Logistics by 63.2% in the first quarter. Covestor Ltd now owns 1,645 shares of the company's stock valued at $64,000 after acquiring an additional 637 shares during the period. Institutional investors and hedge funds own 90.67% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GXO. Citigroup raised their price target on GXO Logistics from $56.00 to $59.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price objective on GXO Logistics from $56.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Barclays lifted their price objective on GXO Logistics from $45.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Oppenheimer lifted their price objective on GXO Logistics from $55.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Stifel Nicolaus lifted their price objective on GXO Logistics from $63.00 to $67.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.50.

GXO Logistics Trading Up 4.6%

GXO traded up $2.36 during midday trading on Wednesday, hitting $53.76. The company's stock had a trading volume of 1,354,094 shares, compared to its average volume of 1,129,150. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.87. The firm has a market cap of $6.15 billion, a P/E ratio of 101.44, a PEG ratio of 1.86 and a beta of 1.64. The firm has a 50-day moving average price of $48.77 and a two-hundred day moving average price of $42.49. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.09 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.50%. The company's revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. On average, research analysts anticipate that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

GXO Logistics Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.