Major Move Is Coming For XPO Logistics Inc After Bearish Options Activity

 Major Move Is Coming For XPO Logistics Inc After Bearish Options Activity

In today’s session XPO Logistics Inc (XPO) recorded an unusually high (4,003) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious XPO decrease. With 4,003 contracts traded and 3634 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: XPO161118P00038000 closed last at: $3.4 or 19.3% up. About 78,579 shares traded hands. XPO Logistics Inc (NYSE:XPO) has risen 39.22% since March 10, 2016 and is uptrending. It has outperformed by 31.70% the S&P500.

Analysts await XPO Logistics Inc (NYSE:XPO) to report earnings on November, 2. They expect $0.38 earnings per share, up 353.33% or $0.53 from last year’s $-0.15 per share. XPO’s profit will be $41.57 million for 22.97 P/E if the $0.38 EPS becomes a reality. After $0.42 actual earnings per share reported by XPO Logistics Inc for the previous quarter, Wall Street now forecasts -9.52% negative EPS growth.

XPO Logistics Inc (NYSE:XPO) Ratings Coverage

Out of 10 analysts covering XPO Logistics (NYSE:XPO), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $60 is the highest target while $33.0 is the lowest. The $44.60 average target is 27.72% above today’s ($34.92) stock price. XPO Logistics has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, February 23 by Morgan Stanley. The firm has “Overweight” rating given on Monday, July 11 by JP Morgan. Citigroup reinitiated it with “Buy” rating and $33.0 target price in Wednesday, November 4 report. Buckingham Research initiated the stock with “Buy” rating in Tuesday, May 17 report. Stifel Nicolaus maintained XPO Logistics Inc (NYSE:XPO) rating on Friday, August 5. Stifel Nicolaus has “Buy” rating and $50 price target. The stock of XPO Logistics Inc (NYSE:XPO) earned “Buy” rating by Citigroup on Thursday, April 14. The stock has “Outperform” rating given by Cowen & Co on Monday, September 14. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, September 30. Oppenheimer maintained XPO Logistics Inc (NYSE:XPO) rating on Wednesday, November 11. Oppenheimer has “Outperform” rating and $39 price target. The stock of XPO Logistics Inc (NYSE:XPO) has “Outperform” rating given on Friday, August 5 by Cowen & Co.

According to Zacks Investment Research, “XPO Logistics, Inc. is a third-party logistics provider offering expedient, single-source solutions for time-critical and service-sensitive shipments through its non-asset based transportation network. XPO serves customers in the U.S, Canada and Mexico with domestic and international freight destinations. XPO’s suite of logistics services is offered through three brands: expedited surface transportation through Express-1, Inc., domestic and international freight forwarding services through Concert Group Logistics, Inc., and truckload brokerage services through Bounce Logistics, Inc. XPO Logistics, Inc., formerly known as Express-1 Expedited Solutions, Inc., is based in Buchanan, Michigan.”

Insitutional Activity: The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.23, from 1.03 in 2016Q1. The ratio increased, as 31 funds sold all XPO Logistics Inc shares owned while 42 reduced positions. 23 funds bought stakes while 69 increased positions. They now own 79.72 million shares or 1.50% more from 78.54 million shares in 2016Q1.
Tci Wealth Advisors has 0.02% invested in the company for 1,278 shares. Moreover, Blackrock Advsrs Ltd Limited Liability Company has 0% invested in XPO Logistics Inc (NYSE:XPO) for 45,497 shares. Fincl Bank Of America Corp De holds 129,185 shares or 0% of its portfolio. Checchi Cap Advisers Limited Co reported 961 shares or 0% of all its holdings. Moreover, Vanguard Grp Inc Incorporated has 0.01% invested in XPO Logistics Inc (NYSE:XPO) for 6.89M shares. Cupps Mngmt Limited Liability Corporation reported 36,846 shares or 0.25% of all its holdings. Macquarie Grp Inc Limited accumulated 611,184 shares or 0.03% of the stock. Friedberg Inv accumulated 0.21% or 17,150 shares. J Goldman And Company Lp, a New York-based fund reported 12,600 shares. Kortright Cap Partners Lp has 4.45% invested in the company for 50,000 shares. Parametric Port Limited Liability, a Washington-based fund reported 41,262 shares. Wellington Grp Incorporated Limited Liability Partnership accumulated 5.72 million shares or 0.04% of the stock. State Street Corporation accumulated 0.01% or 1.84 million shares. Weiss Multi last reported 1.27% of its portfolio in the stock. Moreover, Holt Capital Limited Co Dba Holt Capital Prtn Lp has 0.38% invested in XPO Logistics Inc (NYSE:XPO) for 34,910 shares.

Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 sale for $20.25 million net activity. GIC Private Ltd sold 550,000 shares worth $20.25M.

XPO Logistics, Inc. is a transportation and logistics company. The company has a market cap of $3.82 billion. The Firm provides supply chain solutions. It currently has negative earnings. The Firm operates in two divisions: Transportation and Logistics.

XPO Company Profile

XPO Logistics, Inc., incorporated on May 8, 2000, is a transportation and logistics company. The Firm provides supply chain solutions. The Firm operates in two divisions: Transportation and Logistics. All of the Company’s businesses operate as the single global brand of XPO Logistics.

More notable recent XPO Logistics Inc (NYSE:XPO) news were published by: Wsj.com which released: “Teamsters Mounting Campaign to Organize Drivers at XPO Logistics” on September 21, 2016, also Wsj.com with their article: “XPO Logistics Posts 1Q Loss as Costs Weigh” published on May 03, 2016, Wsj.com published: “XPO Logistics Reports Record Profit” on August 03, 2016. More interesting news about XPO Logistics Inc (NYSE:XPO) were released by: Fool.com and their article: “XPO Logistics Inc Stock Down 18% on Brexit Fears: Here’s What Investors Should …” published on June 24, 2016 as well as Wsj.com‘s news article titled: “XPO Logistics Trucking Subsidiaries Sued Over Driver Classification” with publication date: January 12, 2016.

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