Swiss National Bank raised its stake in XO Group Inc. (NYSE:XOXO) by 9.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 46,100 shares of the company’s stock after buying an additional 4,100 shares during the period. Swiss National Bank owned about 0.18% of XO Group worth $804,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its stake in XO Group by 422.2% in the second quarter. Wedge Capital Management L L P NC now owns 72,115 shares of the company’s stock worth $684,000 after buying an additional 58,306 shares in the last quarter. First Midwest Bank Trust Division boosted its stake in XO Group by 46.9% in the second quarter. First Midwest Bank Trust Division now owns 21,283 shares of the company’s stock worth $371,000 after buying an additional 6,799 shares in the last quarter. American Century Companies Inc. boosted its stake in XO Group by 2.3% in the second quarter. American Century Companies Inc. now owns 248,842 shares of the company’s stock worth $4,337,000 after buying an additional 5,617 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in XO Group by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the company’s stock worth $185,000 after buying an additional 100 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in XO Group during the second quarter worth $273,000. Institutional investors own 83.29% of the company’s stock.
Shares of XO Group Inc. (NYSE:XOXO) traded down 0.36% during midday trading on Friday, reaching $19.63. The company’s stock had a trading volume of 78,196 shares. The stock has a market capitalization of $498.44 million, a PE ratio of 70.11 and a beta of 1.01. XO Group Inc. has a 12 month low of $13.64 and a 12 month high of $19.83. The stock’s 50 day moving average is $18.99 and its 200 day moving average is $17.64.
XO Group (NYSE:XOXO) last issued its earnings results on Monday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. XO Group had a net margin of 5.09% and a return on equity of 6.51%. The firm had revenue of $38.70 million for the quarter, compared to analysts’ expectations of $39 million. During the same quarter last year, the company posted $0.13 earnings per share. XO Group’s revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that XO Group Inc. will post $0.49 EPS for the current fiscal year.
A number of research firms recently weighed in on XOXO. Zacks Investment Research upgraded XO Group from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, August 4th. B. Riley cut XO Group to a “neutral” rating and set a $19.50 price target on the stock. in a report on Tuesday, July 26th. Finally, Axiom Securities restated a “buy” rating and issued a $21.00 price target on shares of XO Group in a report on Tuesday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. XO Group currently has an average rating of “Buy” and an average price target of $20.50.
In other XO Group news, Director David Liu sold 9,900 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $17.61, for a total value of $174,339.00. Following the transaction, the director now owns 528,672 shares of the company’s stock, valued at $9,309,913.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is currently owned by company insiders.
About XO Group
XO Group Inc is engaged in providing content and marketing solutions, targeted advertising programs, transactions and merchandise. The Company guides couples through transformative life stages from getting married, to moving in together and having a baby through its multi-platform brands, including The Knot, The Bump and The Nest.