Investing in GXO Logistics Inc. (GXO) Is Getting More Attractive


In a filing, GXO Logistics Inc. revealed its Director BRADLEY S JACOBS unloaded Company’s shares for reported $249.85 million on Aug 11. In the deal valued at $48.35 per share,5,167,500 shares were sold. As a result of this transaction, BRADLEY S JACOBS now holds 1,300,701 shares worth roughly $ 45.62 million.

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Then, BRADLEY S JACOBS sold 5,447,500 shares, generating $311,814,900 in total proceeds. Upon selling the shares at $57.24, the Director now owns 6,468,201 shares.

Before that, Jacobs Private Equity, LLC sold 5,447,500 shares. GXO Logistics Inc. shares valued at $311,814,900 were divested by the 10% Owner at a price of $57.24 per share. As a result of the transaction, Jacobs Private Equity, LLC now holds 6,468,201 shares, worth roughly $226.84 million.

Jefferies initiated its GXO Logistics Inc. [GXO] rating to a Buy in a research note published on Friday, October 25, 2022; the price target was $70. PT values the company’s stock at a premium of 49.9 to its Friday closing price. A number of analysts have revised their coverage, including Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”an Outperform”‘ rating for it. Credit Suisse began covering GXO with “an Outperform” recommendation on June 28, 2022.

Price Performance Review of GXO

On Friday, GXO Logistics Inc. [NYSE:GXO] saw its stock jump 0.83% to $35.07. On the same session, the stock had its day’s lowest price of $34.55, but rose to a high of $35.94. Over the last five days, the stock has lost -4.44%. GXO Logistics Inc. shares have fallen nearly -61.39% since the year began. Nevertheless, the stocks have fallen -63.76% over the past one year. While a 52-week high of $105.92 was reached on 01/03/22, a 52-week low of $32.10 was recorded on 10/13/22. SMA at 50 days reached $38.70, while 200 days put it at $54.83. A total of 1.03 million shares were traded, compared to the trading of 0.83 million shares in the previous session.

Levels Of Support And Resistance For GXO Stock

The 24-hour chart illustrates a support level at 34.43, which if violated will result in even more drops to 33.80. On the upside, there is a resistance level at 35.82. A further resistance level may holdings at 36.58. The Relative Strength Index (RSI) on the 14-day chart is 44.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.51%. Stochastics %K at 42.75% indicates the stock is a holding.

How much short interest is there in GXO Logistics Inc.?

A steep rise in short interest was recorded in GXO Logistics Inc. stocks on Jul 14, 2022, growing by 0.4 million shares to a total of 3.34 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.94 million shares. There was a rise of 11.98%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.15% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.78.

GXO Logistics Inc. [GXO] – Who Are The Largest Shareholders?

In filings from Orbis Investment Management Ltd., it is revealed that the company now owns 12,957,678 shares, or roughly 10.92% of the outstanding GXO shares. In other words, the investor’s shares have risen by 2,088,625 from its previous 13-F filing of 10869053.0. Additionally, The Vanguard Group, Inc. increased 6.29% of its stake after which the total value it holdings stand at $340,618,979, while BlackRock Fund Advisors added 1.82% of its stake to hold $278.78 million in the firm. Over the last quarter, J.O. Hambro Capital Management Lt purchased 2,856,645 shares of GXO Logistics Inc., while Neuberger Berman Investment Advis bought 3,661,697 shares. At present, American Century Investment Manag is holding 3,879,286 shares valued at $136.01 million. SSgA Funds Management, Inc. owned 2,965,156 shares of the company at the time of its most recent 13F filing, worth $103.96 million.

According to FactSet, GXO Logistics Inc.’s share price will average $63.94 in the next year, based on opinions of analysts polled by the firm. This is up nearly 82.58 percent from its previous closing price of $34.78. Analysts expect GXO Logistics Inc. stock to reach the higher price of $95.00, while the lowest price estimate is $40.00. However, 17 analysts have rated GXO stock as a Buy in their predictions for 2022. The most recent change occurred on June 06, 2022 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $64 price target.


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