Selling Buzz: GXO Logistics Inc. [GXO] 10% Owner Jacobs Private Equity, LLC sells 5,447,500 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GXO Logistics Inc. shares valued at $311,814,900 were sold by Jacobs Private Equity, LLC on Apr 13. At $57.24 per share, Jacobs Private Equity, LLC sold 5,447,500 shares. The insider’s holdings dropped to 6,468,201 shares worth approximately $334.15 million following the completion of this transaction.


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Also, BRADLEY S JACOBS sold 5,447,500 shares, netting a total of over 311,814,900 in proceeds. Following the sale of shares at $57.24 each, the insider now holds 6,468,201 shares.

Before that, Ashe Gena L had sold 3,527 shares from its account. In a trade valued at $282,160, the Director traded GXO Logistics Inc. shares for $80.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,527 shares, worth approximately $0.0.

As published in a research note from Cowen on August 04, 2022, GXO Logistics Inc. [GXO] has been retained to an Outperform and the price target has been revised to $67. This represents a 22.9% premium over Thursday’s closing price. Analysts at Credit Suisse started covering the stock with ‘”an Outperform”‘ outlook in a report released in late June. Earlier on June 06, 2022, Cowen initiated its rating. Their recommendation was “an Outperform” for GXO stock.

Analyzing GXO’s Price Performance

On Thursday, GXO Logistics Inc. [NYSE: GXO] plunged -0.86% to $51.66. The stock’s lowest price that day was $50.55, but it reached a high of $53.48 in the same session. During the last five days, there has been a surge of approximately 11.55%. Over the course of the year, GXO Logistics Inc. shares have dropped approximately -43.12%. Shares of the company reached a 52-week high of $92.04 on 01/03/22 and a 52-week low of $38.08 on 07/14/22. A 50-day SMA is recorded $46.88, while a 200-day SMA reached $71.25. Nevertheless, trading volume fell to 1.67 million shares from 1.27 million shares the previous day.

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

According to the 24-hour chart, there is a support level at 50.31, which, if violated, would cause prices to drop to 48.97. In the upper region, resistance lies at 53.24. The next price resistance is at 54.83. RSI (Relative Strength Index) is 68.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.30, which suggests the price will increase in the coming days. Percent R is at 13.09%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is GXO Logistics Inc. subject to short interest?

Stocks of GXO Logistics Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.4 million shares to 3.34 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.94 million shares. A jump of 11.98% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.78 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.78.

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

According to Orbis Investment Management Ltd. filings, the company currently owns 9,399,185 shares, which is about 8.18% of the total GXO shares outstanding. The investor’s shares have appreciated by 1,389,231 from its previous 13-F filing of 8009954.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $395,496,238. BlackRock Fund Advisors acquire a 0.45% interest valued at $337.91 million while American Century Investment Manag purchased a 6,688 stake. A total of 2,713,708 shares of GXO Logistics Inc. were bought by Neuberger Berman Investment Advis during the quarter, and 1,824,003 were bought by J.O. Hambro Capital Management Lt. In its current portfolio, SSgA Funds Management, Inc. holds 2,836,335 shares valued at $122.73 million.

In terms of GXO Logistics Inc. share price expectations, FactSet research, analysts set an average price target of $77.06 in the next 12 months, up nearly 43.93% from the previous closing price of $52.11. Analysts anticipate GXO Logistics Inc. stock to reach $124.00 by 2022, with the lowest price target being $52.00. In spite of this, 17 analysts ranked GXO Logistics Inc. stock as a Buy at the end of 2022. On March 02, 2022, Stifel assigned a price target of “a Buy” to the stock and initiated coverage with a $94.

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