QXO, Inc. $QXO Position Boosted by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in QXO, Inc. (NYSE:QXO) by 240.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,521 shares of the company’s stock after purchasing an additional 61,846 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in QXO were worth $1,668,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QXO. Farther Finance Advisors LLC purchased a new position in QXO during the second quarter valued at approximately $25,000. American Capital Advisory LLC boosted its stake in shares of QXO by 258.0% during the 2nd quarter. American Capital Advisory LLC now owns 1,167 shares of the company’s stock valued at $25,000 after buying an additional 841 shares during the period. Bogart Wealth LLC acquired a new stake in shares of QXO during the 3rd quarter valued at $25,000. Allworth Financial LP grew its holdings in shares of QXO by 1,740.9% during the 2nd quarter. Allworth Financial LP now owns 1,215 shares of the company’s stock valued at $26,000 after acquiring an additional 1,149 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of QXO during the 2nd quarter valued at $28,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Price Performance

NYSE QXO opened at $22.18 on Friday. QXO, Inc. has a twelve month low of $11.85 and a twelve month high of $26.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.24 and a current ratio of 3.06. The stock has a market capitalization of $14.96 billion, a PE ratio of -50.41, a P/E/G ratio of 2.81 and a beta of 2.44. The stock has a 50-day simple moving average of $21.83 and a 200 day simple moving average of $20.40.

QXO (NYSE:QXO) last released its earnings results on Thursday, November 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. QXO had a negative net margin of 3.81% and a positive return on equity of 3.70%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.78 billion. The firm’s revenue was up 20726.7% on a year-over-year basis. Research analysts anticipate that QXO, Inc. will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on QXO shares. Benchmark reiterated a “buy” rating on shares of QXO in a report on Friday, January 16th. Vertical Research assumed coverage on QXO in a research note on Tuesday, October 21st. They set a “buy” rating and a $30.00 price target for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of QXO in a report on Monday, December 29th. William Blair reissued an “outperform” rating on shares of QXO in a research note on Wednesday, December 31st. Finally, Citigroup dropped their price objective on QXO from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, QXO has a consensus rating of “Moderate Buy” and an average target price of $32.43.

About QXO

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.