XTX Topco Ltd Purchases 40,884 Shares of GXO Logistics, Inc. $GXO

XTX Topco Ltd boosted its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 510.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,891 shares of the company’s stock after buying an additional 40,884 shares during the quarter. XTX Topco Ltd’s holdings in GXO Logistics were worth $2,381,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. LPL Financial LLC boosted its position in GXO Logistics by 23.7% during the first quarter. LPL Financial LLC now owns 72,279 shares of the company’s stock valued at $2,629,000 after purchasing an additional 13,825 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of GXO Logistics by 52.3% in the 2nd quarter. William Blair Investment Management LLC now owns 530,999 shares of the company’s stock worth $25,860,000 after buying an additional 182,338 shares during the last quarter. US Bancorp DE raised its stake in shares of GXO Logistics by 3.4% during the 2nd quarter. US Bancorp DE now owns 14,319 shares of the company’s stock worth $697,000 after acquiring an additional 471 shares in the last quarter. Cetera Investment Advisers lifted its position in GXO Logistics by 11.6% during the first quarter. Cetera Investment Advisers now owns 11,547 shares of the company’s stock valued at $451,000 after acquiring an additional 1,199 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in GXO Logistics by 34.0% in the second quarter. GAMMA Investing LLC now owns 1,115 shares of the company’s stock valued at $54,000 after acquiring an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on GXO shares. The Goldman Sachs Group upgraded GXO Logistics from a “neutral” rating to a “buy” rating and increased their price objective for the company from $52.00 to $68.00 in a report on Wednesday, September 24th. Oppenheimer raised their price target on GXO Logistics from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Morgan Stanley lowered their target price on shares of GXO Logistics from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Truist Financial set a $65.00 price target on shares of GXO Logistics in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of GXO Logistics from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, GXO Logistics presently has an average rating of “Moderate Buy” and an average target price of $61.77.

GXO Logistics Stock Up 1.7%

Shares of GXO opened at $50.48 on Thursday. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 66.43, a PEG ratio of 2.04 and a beta of 1.64. GXO Logistics, Inc. has a 52 week low of $30.46 and a 52 week high of $61.89. The stock’s 50-day moving average price is $52.28 and its 200-day moving average price is $49.61. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.39 billion. GXO Logistics had a return on equity of 10.45% and a net margin of 0.69%.GXO Logistics’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.79 earnings per share. GXO Logistics has set its FY 2025 guidance at 2.430-2.630 EPS. On average, sell-side analysts predict that GXO Logistics, Inc. will post 2.49 EPS for the current year.

GXO Logistics Company 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.