Zevenbergen Capital Investments Lowers stake in XPO Logistics Inc (XPO)

XPO Logistics Inc (XPO) : Zevenbergen Capital Investments reduced its stake in XPO Logistics Inc by 0.48% during the most recent quarter end. The investment management company now holds a total of 3,836,800 shares of XPO Logistics Inc which is valued at $138,892,160 after selling 18,455 shares in XPO Logistics Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.XPO Logistics Inc makes up approximately 5.85% of Zevenbergen Capital Investments’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management boosted its stake in XPO in the latest quarter, The investment management firm added 77,257 additional shares and now holds a total of 302,475 shares of XPO Logistics Inc which is valued at $10,949,595. XPO Logistics Inc makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Fishman Jay A Ltdmi reduced its stake in XPO by selling 1,800 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 168,550 shares of XPO which is valued at $6,238,036. XPO Logistics Inc makes up approx 1.47% of Fishman Jay A Ltdmi’s portfolio.Oppenheimer Co Inc reduced its stake in XPO by selling 8,187 shares or 8.26% in the most recent quarter. The Hedge Fund company now holds 90,901 shares of XPO which is valued at $3,308,796. XPO Logistics Inc makes up approx 0.09% of Oppenheimer Co Inc’s portfolio.

XPO Logistics Inc opened for trading at $36.91 and hit $37.3 on the upside on Tuesday, eventually ending the session at $37.22, with a gain of 2.08% or 0.76 points. The heightened volatility saw the trading volume jump to 14,90,834 shares. Company has a market cap of $4,100 M.

On the company’s financial health, XPO Logistics Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.20. The company had revenue of $3683.00 million for the quarter, compared to analysts expectations of $3894.72 million. The company’s revenue was up 202.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.16 EPS.

Many Wall Street Analysts have commented on XPO Logistics Inc. Company shares were Reiterated by Cowen on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 38 from a previous price target of $26 .Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $35 .Company shares were Reiterated by JP Morgan on Aug 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 50 from a previous price target of $40 .

XPO Logistics Inc. is a provider of transportation logistics services and a provider of engineered technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage intermodal last mile expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services including warehousing and distribution reverse logistics transportation management freight bill audit and payment aftermarket support and supply chain optimization for its clients. Its services include truckload transportation last mile logistics engineered supply chain solutions warehousing and distribution ground and air expedite intermodal global forwarding and managed transportation. It also offers truckload transportation in North America.

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