Saturday, June 25, 2022

A company insider recently sold 5,447,500 shares of XPO Logistics Inc. [XPO]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. XPO Logistics Inc. shares valued at $303,970,500 were sold by BRADLEY S JACOBS on Apr 13. At $55.80 per share, BRADLEY S JACOBS sold 5,447,500 shares. The insider’s holdings dropped to 6,468,201 shares worth approximately $295.6 million following the completion of this transaction.


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Also, Jacobs Private Equity, LLC sold 5,447,500 shares, netting a total of over 303,970,500 in proceeds. Following the sale of shares at $55.80 each, the insider now holds 6,468,201 shares.

Before that, BRADLEY S JACOBS had sold 3,217,500 shares from its account. In a trade valued at $238,770,675, the Chief Executive Officer traded XPO Logistics Inc. shares for $74.21 each. Upon closing the transaction, the insider’s holdings decreased to 3,217,500 shares, worth approximately $544.55 million.

As published in a research note from BofA Securities on March 11, 2022, XPO Logistics Inc. [XPO] has been rated up from a Neutral to a Buy and the price target has been revised to $96 from $70. This represents a 52.4% premium over Wednesday’s closing price. Analysts at Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of February 25, 2022, Evercore ISI has initiated its “an Outperform” rating for XPO. Earlier on December 22, 2021, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for XPO stock.

Analyzing XPO’s Price Performance

On Wednesday, XPO Logistics Inc. [NYSE: XPO] plunged -1.76% to $45.70. The stock’s lowest price that day was $45.25, but it reached a high of $46.45 in the same session. During the last five days, there has been a drop of approximately -4.11%. Over the course of the year, XPO Logistics Inc. shares have dropped approximately -40.98%. Shares of the company reached a 52-week high of $79.63 on 03/29/22 and a 52-week low of $45.25 on 06/22/22. A 50-day SMA is recorded $52.75, while a 200-day SMA reached $69.51. Nevertheless, trading volume fell to 1.32 million shares from 2.34 million shares the previous day.

Support And Resistance Levels for XPO Logistics Inc. (XPO)

According to the 24-hour chart, there is a support level at 45.15, which, if violated, would cause prices to drop to 44.60. In the upper region, resistance lies at 46.35. The next price resistance is at 47.00. RSI (Relative Strength Index) is 37.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.22, which suggests the price will decrease in the coming days. Percent R is at 96.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is XPO Logistics Inc. subject to short interest?

Stocks of XPO Logistics Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.52 million shares to 3.4 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 3.92 million shares. A decline of -15.29% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.75 of the overall float, the days-to-cover ratio (short ratio) decline to 1.75.

Which companies own the most shares of XPO Logistics Inc. (XPO)?

According to Orbis Investment Management Ltd. filings, the company currently owns 10,028,196 shares, which is about 8.72% of the total XPO shares outstanding. The investor’s shares have plunged by -927,143 from its previous 13-F filing of 10955339.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $494,721,281. BlackRock Fund Advisors reduced a -0.34% interest valued at $420.88 million while MFN Partners Management LP purchased a 2,925,000 stake. A total of 1,105,217 shares of XPO Logistics Inc. were bought by Fred Alger Management LLC during the quarter, and 148,266 were bought by SSgA Funds Management, Inc. In its current portfolio, Fidelity Management & Research Co holds 2,894,410 shares valued at $154.68 million.

In terms of XPO Logistics Inc. share price expectations, FactSet research, analysts set an average price target of $82.50 in the next 12 months, up nearly 76.27% from the previous closing price of $46.52. Analysts anticipate XPO Logistics Inc. stock to reach $96.00 by 2022, with the lowest price target being $62.00. In spite of this, 25 analysts ranked XPO Logistics Inc. stock as a Buy at the end of 2022. On December 07, 2021, Wolfe Research assigned a price target of “an Outperform” to the stock and initiated coverage with a $101.

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