Raiffeisen Bank International AG boosted its holdings in QXO, Inc. (NYSE:QXO – Free Report) by 100.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,000 shares of the company’s stock after purchasing an additional 90,000 shares during the period. Raiffeisen Bank International AG’s holdings in QXO were worth $3,208,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of QXO. Arax Advisory Partners purchased a new stake in shares of QXO during the 4th quarter valued at $25,000. LRI Investments LLC boosted its holdings in shares of QXO by 129.1% in the 4th quarter. LRI Investments LLC now owns 1,482 shares of the company’s stock worth $29,000 after buying an additional 835 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of QXO by 73,350.0% in the 1st quarter. Root Financial Partners LLC now owns 1,469 shares of the company’s stock worth $29,000 after buying an additional 1,467 shares during the last quarter. Russell Investments Group Ltd. bought a new position in QXO during the second quarter valued at about $30,000. Finally, NewEdge Advisors LLC grew its position in QXO by 42.4% during the fourth quarter. NewEdge Advisors LLC now owns 1,680 shares of the company’s stock valued at $32,000 after buying an additional 500 shares during the period. Institutional investors own 58.68% of the company’s stock.
QXO Trading Down 0.3%
Shares of QXO stock opened at $13.42 on Friday. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of -14.91, a PEG ratio of 2.32 and a beta of 2.32. The company’s fifty day simple moving average is $14.53 and its two-hundred day simple moving average is $17.96. QXO, Inc. has a 1 year low of $12.80 and a 1 year high of $27.61. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.11 and a quick ratio of 3.29.
Analysts Set New Price Targets
QXO has been the topic of several research reports. Citigroup lowered their price objective on shares of QXO from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Zacks Research raised shares of QXO from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Robert W. Baird decreased their price target on shares of QXO from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen raised shares of QXO from a “strong sell” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Wells Fargo & Company set a $18.00 price objective on QXO in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.
View Our Latest Research Report on QXO
QXO 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.
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