Life Planning Partners Inc Buys 830,963 Shares of XPO, Inc. (NYSE:XPO)

Life Planning Partners Inc raised its stake in shares of XPO, Inc. (NYSE:XPO) by 12,923.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 837,393 shares of the transportation company’s stock after buying an additional 830,963 shares during the quarter. XPO comprises 0.9% of Life Planning Partners Inc’s portfolio, making the stock its 19th biggest position. Life Planning Partners Inc owned 0.72% of XPO worth $109,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stifel Financial Corp increased its stake in XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of XPO in the 3rd quarter valued at $534,000. Traynor Capital Management Inc. increased its position in shares of XPO by 125.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after buying an additional 13,422 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in XPO during the 4th quarter worth $423,000. Finally, PCJ Investment Counsel Ltd. lifted its holdings in XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after acquiring an additional 10,740 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

NYSE XPO opened at $143.48 on Friday. The firm’s 50 day simple moving average is $140.72 and its 200 day simple moving average is $128.79. The firm has a market capitalization of $16.82 billion, a price-to-earnings ratio of 44.42, a P/E/G ratio of 1.93 and a beta of 2.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, research analysts expect that XPO, Inc. will post 4.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on XPO. Oppenheimer increased their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Stifel Nicolaus increased their target price on XPO from $124.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Jefferies Financial Group raised their target price on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group lifted their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Citigroup boosted their target price on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and a consensus target price of $161.13.

XPO Company 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.