Hsbc Holdings PLC Sells 19,207 Shares of XPO, Inc. (NYSE:XPO)

Hsbc Holdings PLC lessened its stake in XPO, Inc. (NYSE:XPO - Free Report) by 84.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,465 shares of the transportation company's stock after selling 19,207 shares during the period. Hsbc Holdings PLC's holdings in XPO were worth $457,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XPO. Capital Research Global Investors boosted its stake in XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after buying an additional 2,125,686 shares in the last quarter. Capital World Investors grew its stake in shares of XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the last quarter. Norges Bank bought a new stake in shares of XPO in the 4th quarter worth approximately $188,808,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of XPO in the 4th quarter worth approximately $163,938,000. Finally, Life Planning Partners Inc lifted its stake in XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock valued at $109,824,000 after purchasing an additional 830,963 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XPO. Benchmark upped their price target on XPO from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 7th. Raymond James reduced their target price on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their price objective on XPO from $132.00 to $121.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, UBS Group upped their price objective on shares of XPO from $108.00 to $123.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Nineteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO presently has an average rating of "Buy" and a consensus price target of $133.68.

XPO Stock Down 0.7 %

Shares of XPO stock traded down $0.81 during trading on Friday, hitting $111.25. 955,481 shares of the stock traded hands, compared to its average volume of 1,621,317. The company has a fifty day moving average price of $103.94 and a two-hundred day moving average price of $127.31. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The stock has a market cap of $13.11 billion, a P/E ratio of 34.44, a PEG ratio of 1.79 and a beta of 1.96. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. Equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO declared that its Board of Directors has approved a stock repurchase plan on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.