QXO, Inc. $QXO Shares Sold by X Square Capital LLC

X Square Capital LLC lowered its position in shares of QXO, Inc. (NYSE:QXO) by 45.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 74,907 shares of the company’s stock after selling 62,334 shares during the quarter. X Square Capital LLC’s holdings in QXO were worth $1,428,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Kovack Advisors Inc. purchased a new position in shares of QXO in the third quarter worth about $193,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of QXO by 55.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 5,264 shares of the company’s stock worth $100,000 after purchasing an additional 1,875 shares during the last quarter. Levin Capital Strategies L.P. acquired a new position in QXO during the third quarter valued at $357,000. Synovus Financial Corp purchased a new stake in QXO in the third quarter valued at $215,000. Finally, CenterBook Partners LP acquired a new stake in QXO during the 3rd quarter worth about $501,000. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Price Performance

Shares of NYSE QXO opened at $25.54 on Monday. 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 firm has a fifty day moving average of $23.32 and a 200 day moving average of $20.78. The firm has a market cap of $17.23 billion, a PE ratio of -58.04, a PEG ratio of 3.19 and a beta of 2.55. QXO, Inc. has a one year low of $11.85 and a one year high of $27.61.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Loop Capital began coverage on QXO in a research note on Thursday, December 11th. They issued a “buy” rating and a $31.00 target price on the stock. Royal Bank Of Canada set a $30.00 price objective on shares of QXO in a research note on Friday, January 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of QXO in a research note on Monday, December 29th. William Blair reissued an “outperform” rating on shares of QXO in a report on Wednesday, December 31st. Finally, Benchmark reaffirmed a “buy” rating on shares of QXO in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.43.

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.