42,551 Shares in QXO, Inc. $QXO Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new position in QXO, Inc. (NYSE:QXO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,551 shares of the company’s stock, valued at approximately $821,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QXO. Arax Advisory Partners purchased a new position in shares of QXO during the 4th quarter worth about $25,000. Russell Investments Group Ltd. purchased a new stake in QXO in the second quarter valued at approximately $30,000. LRI Investments LLC grew its holdings in QXO by 129.1% in the fourth quarter. LRI Investments LLC now owns 1,482 shares of the company’s stock valued at $29,000 after purchasing an additional 835 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in QXO by 57.5% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,575 shares of the company’s stock valued at $30,000 after purchasing an additional 575 shares during the period. Finally, NewEdge Advisors LLC increased its position in QXO by 42.4% during the fourth quarter. NewEdge Advisors LLC now owns 1,680 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Stock Up 0.0%

QXO opened at $17.77 on Monday. The firm has a 50 day moving average price of $18.64 and a 200 day moving average price of $20.97. The company has a market cap of $12.89 billion, a PE ratio of -19.53, a price-to-earnings-growth ratio of 4.55 and a beta of 2.30. QXO, Inc. has a 1 year low of $14.75 and a 1 year high of $27.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.47 and a current ratio of 3.33.

QXO (NYSE:QXO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. QXO had a negative net margin of 6.02% and a positive return on equity of 1.91%. The business’s revenue for the quarter was up 12716.3% compared to the same quarter last year. Sell-side analysts expect that QXO, Inc. will post 0.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on QXO shares. Robert W. Baird cut their price target on shares of QXO from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Stephens lowered their price objective on shares of QXO from $29.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Citigroup dropped their price objective on QXO from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, May 15th. BNP Paribas Exane started coverage on QXO in a research report on Monday, March 16th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Royal Bank Of Canada reduced their target price on QXO from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Monday, April 6th. Fifteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, QXO presently has an average rating of “Moderate Buy” and a consensus target price of $31.14.

QXO Company Profile

QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence. It also offers value-added services that focuses on consulting and professional, specialized programming, training, and technical support services. In addition, the company provides information technology managed services, such as cybersecurity, application hosting, disaster recovery, business continuity, cloud, and other services; and data back-up, network maintenance, and upgrade services.