FMR LLC & Abigail Johnson Report 6.675% Stake in XPO, Inc.
Ticker: XPO · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC just revealed a 6.675% stake in XPO, Inc., signaling a big institutional bet.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant stake in XPO, Inc. As of December 31, 2023, FMR LLC beneficially owns 7,741,878 shares of XPO's common stock, representing 6.675% of the company's outstanding shares. This filing indicates a substantial, passive investment by a prominent institutional investor, signaling confidence in XPO's future prospects. For current or prospective XPO shareholders, this means a large, influential fund manager sees value in the company, which can be a positive indicator.
Why It Matters
This filing shows a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have a significant stake in XPO, Inc., which can be interpreted as a vote of confidence in the company's value and future performance.
Risk Assessment
Risk Level: low — This filing indicates a passive, institutional investment, which generally carries low risk for existing shareholders as it doesn't suggest immediate disruptive actions.
Analyst Insight
A smart investor would view this as a positive signal, suggesting that a major institutional player sees long-term value in XPO, Inc., and might consider further research into XPO's fundamentals.
Key Numbers
- 7,741,878 — Shares Beneficially Owned (Represents the total number of XPO common shares FMR LLC and Abigail P. Johnson have control over.)
- 6.675% — Percent of Class (Indicates the significant portion of XPO's total outstanding shares held by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- XPO, Inc. (company) — issuer of the common stock
- Abigail P. Johnson (person) — reporting person, associated with FMR LLC
- 7,741,878 (dollar_amount) — shares beneficially owned by FMR LLC and Abigail P. Johnson
- 6.675% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will maintain its significant stake in XPO, Inc. for the foreseeable future. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of XPO, Inc. common shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 7,741,878 shares of XPO, Inc. common stock, as detailed in Item 7 and Item 9 for both reporting persons, and Item 4(a) for FMR LLC.
What percentage of XPO, Inc.'s common stock class do the reporting persons collectively own?
The reporting persons, FMR LLC and Abigail P. Johnson, collectively own 6.675% of XPO, Inc.'s common stock class, as indicated in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further specified in Item 3, stating FMR LLC is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
What is the CUSIP number for XPO, Inc. common stock?
The CUSIP number for XPO, Inc. common stock is 983793100, as listed under 'Cusip #983793100' and in Item 2(e).
From the Filing
EDGAR Filing Documents for 0000315066-24-001564 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0000315066-24-001564 Filing Date 2024-02-09 Accepted 2024-02-09 10:05:21 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G 6473 Complete submission text file 0000315066-24-001564.txt 8356 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 0000 Mailing Address FIVE AMERICAN LANE GREENWICH CT 06831 Business Address FIVE AMERICAN LANE GREENWICH CT 06831 (855) 976-6951 XPO, Inc. (Subject) CIK : 0001166003 (see all company filings) EIN. : 030450326 | Fiscal Year End: 1231 Type: SC 13G | Act: 34 | File No.: 005-79127 | Film No.: 24612661 SIC : 4700 Transportation Services (CF Office: 01 Energy & Transportation)