Point72 Hong Kong Ltd Invests $2.89 Million in GXO Logistics, Inc. (NYSE:GXO)

Point72 Hong Kong Ltd bought a new stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 66,464 shares of the company's stock, valued at approximately $2,891,000. Point72 Hong Kong Ltd owned 0.06% of GXO Logistics as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GXO. Murphy & Mullick Capital Management Corp acquired a new position in shares of GXO Logistics during the fourth quarter valued at about $41,000. Summit Securities Group LLC increased its position in GXO Logistics by 870.9% in the 4th quarter. Summit Securities Group LLC now owns 1,000 shares of the company's stock valued at $44,000 after buying an additional 897 shares in the last quarter. Quarry LP raised its stake in GXO Logistics by 1,334.9% during the 4th quarter. Quarry LP now owns 1,234 shares of the company's stock worth $54,000 after buying an additional 1,148 shares during the period. R Squared Ltd acquired a new position in GXO Logistics during the 4th quarter worth approximately $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in GXO Logistics by 213.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company's stock worth $60,000 after acquiring an additional 933 shares in the last quarter. 90.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GXO. Stifel Nicolaus restated a "buy" rating and set a $66.00 price objective (down previously from $74.00) on shares of GXO Logistics in a report on Friday, February 14th. Loop Capital lowered shares of GXO Logistics from a "buy" rating to a "hold" rating and decreased their price target for the company from $71.00 to $49.00 in a research note on Monday, February 3rd. UBS Group lowered their price objective on shares of GXO Logistics from $72.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Truist Financial dropped their price objective on shares of GXO Logistics from $40.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of GXO Logistics in a research report on Friday, March 7th. They set a "hold" rating and a $45.00 target price for the company. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, GXO Logistics presently has a consensus rating of "Moderate Buy" and an average target price of $54.57.

GXO Logistics Stock Performance

Shares of NYSE GXO traded down $0.52 during midday trading on Monday, reaching $41.75. The company's stock had a trading volume of 1,230,891 shares, compared to its average volume of 1,275,131. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.83 and a quick ratio of 0.86. The stock has a market capitalization of $4.78 billion, a P/E ratio of 37.28, a PEG ratio of 1.34 and a beta of 1.56. The firm has a 50 day moving average price of $37.44 and a 200-day moving average price of $43.94. GXO Logistics, Inc. has a 12-month low of $30.46 and a 12-month high of $63.33.

GXO Logistics (NYSE:GXO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. GXO Logistics had a return on equity of 11.16% and a net margin of 1.14%. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue for the quarter was up 21.2% on a year-over-year basis. As a group, equities analysts predict that GXO Logistics, Inc. will post 2.49 earnings per share for the current year.

About GXO Logistics

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.