Axxcess Wealth Management LLC Takes $757,000 Position in QXO, Inc. $QXO
Axxcess Wealth Management LLC has acquired a new position in QXO, Inc. (NYSE:QXO) worth approximately $757,000, purchasing 39,709 shares in the third quarter. Other institutional investors have also increased their stakes in QXO. The stock is currently down 2.6%, trading at $25.54, with a market cap of $17.23 billion. Analysts have mixed ratings on QXO, with a consensus rating of "Moderate Buy" and a price target of $32.43. QXO, Inc. provides various business application and technology solutions in North America.
Axxcess Wealth Management LLC bought a new position in QXO, Inc. (NYSE:QXO - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,709 shares of the company's stock, valued at approximately $757,000.
Other institutional investors have also bought and sold shares of the company. American Capital Advisory LLC raised its stake in QXO by 258.0% during the second quarter. American Capital Advisory LLC now owns 1,167 shares of the company's stock worth $25,000 after acquiring an additional 841 shares in the last quarter. Bogart Wealth LLC bought a new stake in shares of QXO in the 3rd quarter worth about $25,000. Allworth Financial LP increased its position 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 worth $26,000 after purchasing an additional 1,149 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in QXO during the 2nd quarter valued at about $28,000. Finally, Russell Investments Group Ltd. bought a new position in QXO during the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Stock Down 2.6%
NYSE:QXO opened at $25.54 on Friday. The company has a market cap of $17.23 billion, a price-to-earnings ratio of -58.04, a P/E/G ratio of 3.19 and a beta of 2.55. 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's fifty day moving average price is $23.32 and its two-hundred day moving average price is $20.77. QXO, Inc. has a 52-week low of $11.85 and a 52-week high of $27.61.
Analyst Ratings Changes
Several analysts have weighed in on QXO shares. Loop Capital began coverage on shares of QXO in a research note on Thursday, December 11th. They set a "buy" rating and a $31.00 price objective on the stock. Citigroup decreased their price target on QXO from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, January 8th. William Blair reaffirmed an "outperform" rating on shares of QXO in a report on Wednesday, December 31st. Weiss Ratings reissued a "sell (d+)" rating on shares of QXO in a research note on Monday, December 29th. Finally, Benchmark restated a "buy" rating on shares of QXO in a research note on Friday. One research 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.43.
Get Our Latest Analysis on QXO
QXO Profile
(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.
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