Boston Partners reduced its position in shares of XO Group Inc. (NYSE:XOXO) by 6.1% in the 1st quarter, HoldingsChannel reports. The firm owned 200,014 shares of the specialty retailer’s stock after selling 12,940 shares during the period. Boston Partners’ holdings in XO Group were worth $4,150,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in XO Group by 643.0% during the fourth quarter. LS Investment Advisors LLC now owns 6,122 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 5,298 shares in the last quarter. Trexquant Investment LP acquired a new position in XO Group during the first quarter valued at approximately $205,000. Louisiana State Employees Retirement System acquired a new position in XO Group during the fourth quarter valued at approximately $192,000. MetLife Investment Advisors LLC acquired a new position in XO Group during the fourth quarter valued at approximately $209,000. Finally, Crossmark Global Holdings Inc. acquired a new position in XO Group during the fourth quarter valued at approximately $236,000. Institutional investors and hedge funds own 85.48% of the company’s stock.
XOXO has been the subject of several research analyst reports. TheStreet upgraded shares of XO Group from a “c+” rating to a “b” rating in a research report on Monday, April 9th. B. Riley upgraded shares of XO Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $19.00 to $32.00 in a research report on Thursday, May 3rd. Aegis boosted their price objective on shares of XO Group from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, May 7th. ValuEngine upgraded shares of XO Group from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research upgraded shares of XO Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. XO Group currently has a consensus rating of “Buy” and a consensus target price of $27.13.
Shares of XO Group opened at $29.95 on Friday, MarketBeat Ratings reports. The firm has a market cap of $767.00 million, a PE ratio of 77.03, a P/E/G ratio of 3.18 and a beta of 0.75. XO Group Inc. has a 52-week low of $29.35 and a 52-week high of $29.88.
XO Group (NYSE:XOXO) last announced its quarterly earnings results on Wednesday, May 2nd. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $38.31 million during the quarter, compared to the consensus estimate of $37.57 million. XO Group had a net margin of 5.42% and a return on equity of 7.46%. research analysts predict that XO Group Inc. will post 0.62 EPS for the current fiscal year.
In other news, insider Iorio Nic Di sold 5,000 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $20.62, for a total transaction of $103,100.00. Following the completion of the transaction, the insider now directly owns 168,127 shares in the company, valued at $3,466,778.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Liu sold 275,465 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $20.38, for a total transaction of $5,613,976.70. Following the transaction, the director now owns 493,375 shares of the company’s stock, valued at $10,054,982.50. The disclosure for this sale can be found here. Insiders have sold 305,465 shares of company stock valued at $6,279,577 over the last quarter. Company insiders own 6.99% of the company’s stock.
XO Group Profile
XO Group Inc provides multiplatform media and marketplace services to the wedding, pregnancy and parenting, and local entertainment markets primarily in the United States. It operates a network of Websites under various brands, including The Knot, which offers wedding resources and marketplaces through wedding Website and mobile apps, national and local wedding magazines, and nationally published books; and The Bump, a pregnancy and parenting brand that provides personalized information, content, and tools for navigating the journey from fertility to pregnancy and parenting through the toddler years.
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