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XPO Logistics Target of Unusually Large Options Trading (NYSE:XPO)

Wednesday, September 16, 2020 | MarketBeat

XPO Logistics Inc (NYSE:XPO) saw unusually large options trading activity on Wednesday. Stock traders bought 3,941 call options on the company. This represents an increase of 110% compared to the typical daily volume of 1,876 call options.

XPO stock traded up $3.74 during trading hours on Wednesday, hitting $93.21. The company's stock had a trading volume of 48,229 shares, compared to its average volume of 1,419,674. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $8.17 billion, a PE ratio of 109.94, a price-to-earnings-growth ratio of 10.05 and a beta of 2.44. XPO Logistics has a 12 month low of $38.47 and a 12 month high of $100.18. The stock has a 50 day moving average price of $84.16 and a two-hundred day moving average price of $72.47.

XPO Logistics (NYSE:XPO) last posted its earnings results on Thursday, July 30th. The transportation company reported ($0.63) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.75) by $0.12. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.36 billion. XPO Logistics had a net margin of 0.82% and a return on equity of 9.11%. Sell-side analysts expect that XPO Logistics will post 0.94 earnings per share for the current year.

A number of analysts recently commented on the stock. Credit Suisse Group boosted their target price on shares of XPO Logistics from $85.00 to $101.00 and gave the stock an "outperform" rating in a report on Wednesday. Cowen boosted their target price on shares of XPO Logistics from $112.00 to $119.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Citigroup boosted their target price on shares of XPO Logistics from $73.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday, July 8th. Raymond James boosted their target price on shares of XPO Logistics from $75.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, June 16th. Finally, Oppenheimer assumed coverage on shares of XPO Logistics in a report on Friday, July 31st. They issued a "buy" rating and a $88.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company's stock. XPO Logistics presently has an average rating of "Buy" and a consensus price target of $86.31.

In other XPO Logistics news, CAO Lance A. Robinson sold 12,195 shares of the business's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $81.77, for a total transaction of $997,185.15. 18.90% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Kore Private Wealth LLC grew its position in XPO Logistics by 36.1% during the second quarter. Kore Private Wealth LLC now owns 810 shares of the transportation company's stock worth $62,000 after buying an additional 215 shares in the last quarter. Captrust Financial Advisors raised its position in XPO Logistics by 6.4% in the 2nd quarter. Captrust Financial Advisors now owns 4,356 shares of the transportation company's stock worth $333,000 after purchasing an additional 263 shares during the last quarter. Arizona State Retirement System raised its position in XPO Logistics by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 21,514 shares of the transportation company's stock worth $1,662,000 after purchasing an additional 273 shares during the last quarter. IFP Advisors Inc raised its position in XPO Logistics by 14.4% in the 2nd quarter. IFP Advisors Inc now owns 2,366 shares of the transportation company's stock worth $177,000 after purchasing an additional 298 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in XPO Logistics by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 26,362 shares of the transportation company's stock worth $2,036,000 after purchasing an additional 307 shares during the last quarter. 95.94% of the stock is currently owned by institutional investors.

About XPO Logistics

XPO Logistics, Inc provides transportation and logistics services in the United States, North America, France, the United Kingdom, Europe, and internationally. The company's Transportation segment offers freight brokerage services comprising truck brokerage, intermodal, drayage, and expedite services; last mile services, primarily asset-light; density and day-definite regional, inter-regional, and transcontinental less-than-truckload freight services; full truckload services for transactional transportation of packaged goods, high cube products, and bulk goods; logistics services for domestic, cross-border, and international shipments; and managed transportation services.

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