QXO, Inc. $QXO Shares Sold by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. decreased its stake in shares of QXO, Inc. (NYSE:QXO) by 79.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,677 shares of the company’s stock after selling 56,251 shares during the period. Cantor Fitzgerald L. P.’s holdings in QXO were worth $280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC acquired a new stake in shares of QXO in the 3rd quarter worth approximately $25,000. Allworth Financial LP increased its stake in shares of QXO by 1,740.9% during the second 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 during the period. Russell Investments Group Ltd. acquired a new position in shares of QXO during the second quarter valued at approximately $30,000. GAMMA Investing LLC bought a new stake in QXO during the third quarter worth approximately $31,000. Finally, WPG Advisers LLC bought a new stake in QXO during the third quarter worth approximately $35,000. 58.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

QXO has been the subject of a number of research reports. Royal Bank Of Canada set a $30.00 price target on QXO in a research note on Friday, January 9th. Benchmark reissued a “buy” rating on shares of QXO in a research note on Friday, February 20th. Loop Capital began coverage on QXO in a report on Thursday, December 11th. They issued a “buy” rating and a $31.00 price objective for the company. Citigroup decreased their target price on QXO from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of QXO in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.27.

QXO Trading Up 0.7%

Shares of NYSE:QXO opened at $20.28 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.61 and a current ratio of 3.58. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of -34.36, a PEG ratio of 3.21 and a beta of 2.51. QXO, Inc. has a 1-year low of $11.97 and a 1-year high of $27.61. The company has a 50 day moving average price of $23.51 and a 200 day moving average price of $21.03.

QXO (NYSE:QXO) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). QXO had a negative net margin of 4.08% and a positive return on equity of 3.45%. QXO’s quarterly revenue was up 14725.0% on a year-over-year basis. On average, research analysts anticipate that QXO, Inc. will post -0.13 EPS for the current fiscal year.

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.