Jump Financial LLC Takes Position in GXO Logistics, Inc. (NYSE:GXO)

Jump Financial LLC purchased a new stake in shares of GXO Logistics, Inc. (NYSE:GXOFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,320 shares of the company’s stock, valued at approximately $203,000.

Several other large investors have also recently modified their holdings of GXO. DekaBank Deutsche Girozentrale bought a new position in shares of GXO Logistics during the third quarter valued at $31,000. Headlands Technologies LLC bought a new position in shares of GXO Logistics during the fourth quarter valued at $59,000. CWM LLC raised its stake in shares of GXO Logistics by 28.1% during the fourth quarter. CWM LLC now owns 1,778 shares of the company’s stock valued at $109,000 after acquiring an additional 390 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of GXO Logistics by 42.5% during the fourth quarter. U S Global Investors Inc. now owns 2,472 shares of the company’s stock valued at $151,000 after acquiring an additional 737 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of GXO Logistics by 108.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,909 shares of the company’s stock valued at $171,000 after acquiring an additional 1,516 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

GXO Logistics Trading Down 0.5 %

NYSE:GXO opened at $49.01 on Wednesday. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 1.48 and a beta of 1.63. The firm has a fifty day simple moving average of $51.14 and a two-hundred day simple moving average of $54.37. GXO Logistics, Inc. has a 12 month low of $48.11 and a 12 month high of $67.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52.

GXO Logistics (NYSE:GXOGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.38 billion. GXO Logistics had a net margin of 1.68% and a return on equity of 10.60%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Analysts expect that GXO Logistics, Inc. will post 2.77 EPS for the current fiscal year.

Insider Activity

In other news, Director Gena L. Ashe sold 4,737 shares of GXO Logistics stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $50.00, for a total transaction of $236,850.00. Following the completion of the transaction, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GXO shares. JPMorgan Chase & Co. lowered their target price on shares of GXO Logistics from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Morgan Stanley reissued an “overweight” rating and set a $70.00 target price on shares of GXO Logistics in a research note on Tuesday, May 14th. TD Cowen lifted their target price on shares of GXO Logistics from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. BNP Paribas raised shares of GXO Logistics from an “underperform” rating to a “neutral” rating and set a $50.00 target price for the company in a research note on Wednesday, March 27th. Finally, Loop Capital lowered their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, GXO Logistics has a consensus rating of “Moderate Buy” and an average price target of $69.38.

View Our Latest Analysis on GXO Logistics

GXO Logistics Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for GXO Logistics (NYSE:GXO)

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