GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. trimmed its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,008 shares of the company’s stock after selling 347 shares during the quarter. Traynor Capital Management Inc.’s holdings in GXO Logistics were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GXO. Janney Montgomery Scott LLC raised its position in shares of GXO Logistics by 14.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,167 shares of the company’s stock valued at $660,000 after purchasing an additional 1,933 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of GXO Logistics by 16.3% in the fourth quarter. Arkadios Wealth Advisors now owns 6,498 shares of the company’s stock worth $283,000 after buying an additional 909 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of GXO Logistics during the fourth quarter worth $117,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of GXO Logistics by 213.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,370 shares of the company’s stock valued at $60,000 after buying an additional 933 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of GXO Logistics in the 4th quarter valued at $182,000. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

GXO Logistics Price Performance

NYSE:GXO opened at $45.00 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.81. GXO Logistics, Inc. has a 52 week low of $41.38 and a 52 week high of $63.33. The stock’s 50-day moving average price is $48.99 and its 200-day moving average price is $51.91. The stock has a market capitalization of $5.38 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 1.23 and a beta of 1.60.

GXO Logistics (NYSE:GXO) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.01 billion. GXO Logistics had a return on equity of 10.03% and a net margin of 0.97%. GXO Logistics’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. As a group, equities analysts expect that GXO Logistics, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GXO has been the topic of several research analyst reports. The Goldman Sachs Group dropped their price target on GXO Logistics from $63.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Susquehanna cut their price target on shares of GXO Logistics from $75.00 to $73.00 and set a “positive” rating on the stock in a report on Thursday, September 26th. TD Cowen lifted their price objective on shares of GXO Logistics from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup started coverage on shares of GXO Logistics in a research note on Wednesday, October 9th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Oppenheimer boosted their target price on shares of GXO Logistics from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

GXO Logistics 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.