QXO, Inc. $QXO Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its position in shares of QXO, Inc. (NYSE:QXOFree Report) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 347,861 shares of the company’s stock after selling 55,818 shares during the period. Motley Fool Wealth Management LLC owned 0.05% of QXO worth $6,710,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Cherry Creek Investment Advisors Inc. boosted its stake in shares of QXO by 0.6% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 84,636 shares of the company’s stock worth $1,633,000 after purchasing an additional 474 shares during the last quarter. Maple Capital Management Inc. boosted its stake in shares of QXO by 4.7% during the 4th quarter. Maple Capital Management Inc. now owns 11,988 shares of the company’s stock worth $231,000 after purchasing an additional 543 shares during the last quarter. Allworth Financial LP boosted its stake in shares of QXO by 27.2% during the 4th quarter. Allworth Financial LP now owns 2,580 shares of the company’s stock worth $50,000 after purchasing an additional 552 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in shares of QXO by 57.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,575 shares of the company’s stock worth $30,000 after purchasing an additional 575 shares during the last quarter. Finally, Quest Investment Management LLC boosted its stake in shares of QXO by 2.0% during the 3rd quarter. Quest Investment Management LLC now owns 34,959 shares of the company’s stock worth $666,000 after purchasing an additional 695 shares during the last quarter. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Price Performance

QXO opened at $16.46 on Wednesday. The company’s 50 day simple moving average is $19.03 and its 200 day simple moving average is $21.03. 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, Inc. has a 1 year low of $15.32 and a 1 year high of $27.61. The stock has a market capitalization of $11.93 billion, a PE ratio of -18.08, a P/E/G ratio of 3.98 and a beta of 2.30.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating on shares of QXO in a research note on Friday, February 20th. Citigroup decreased their price target on shares of QXO from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Royal Bank Of Canada decreased their target price on shares of QXO from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Stephens decreased their target price on shares of QXO from $29.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, Wall Street Zen raised shares of QXO from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, QXO currently has an average rating of “Moderate Buy” and a consensus price target of $31.14.

View Our Latest Stock Analysis on QXO

About QXO

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for QXO (NYSE:QXO)

Receive News & Ratings for QXO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QXO and related companies with MarketBeat.com's FREE daily email newsletter.