Venture Visionary Partners LLC Invests $2.52 Million in QXO, Inc. $QXO

Venture Visionary Partners LLC bought a new position in QXO, Inc. (NYSE:QXO) during the 3rd quarter, Holdings Channel reports. The fund bought 132,254 shares of the company’s stock, valued at approximately $2,521,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in QXO in the 3rd quarter worth approximately $31,000. Praxis Investment Management Inc. raised its holdings in shares of QXO by 67.2% during the third quarter. Praxis Investment Management Inc. now owns 19,298 shares of the company’s stock valued at $368,000 after acquiring an additional 7,758 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of QXO during the second quarter valued at approximately $266,000. Osaic Holdings Inc. lifted its stake in QXO by 341.8% in the second quarter. Osaic Holdings Inc. now owns 45,047 shares of the company’s stock worth $970,000 after acquiring an additional 34,851 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its holdings in QXO by 4.7% in the second quarter. Orion Porfolio Solutions LLC now owns 107,865 shares of the company’s stock valued at $2,323,000 after acquiring an additional 4,834 shares in the last quarter. Institutional investors own 58.68% of the company’s stock.

QXO Trading Up 0.2%

Shares of NYSE QXO opened at $21.36 on Wednesday. QXO, Inc. has a 1 year low of $11.85 and a 1 year high of $24.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.06 and a quick ratio of 2.24. The firm has a 50-day moving average of $18.70 and a 200 day moving average of $19.92. The stock has a market cap of $14.40 billion, a P/E ratio of -48.53, a price-to-earnings-growth ratio of 3.26 and a beta of 2.42.

QXO (NYSE:QXO) last announced its earnings results on Thursday, November 6th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.78 billion. The company’s quarterly revenue was up 20726.7% compared to the same quarter last year. As a group, sell-side analysts expect that QXO, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on QXO shares. Weiss Ratings restated a “sell (d)” rating on shares of QXO in a report on Monday, December 8th. Raymond James Financial initiated coverage on shares of QXO in a research report on Friday, September 5th. They set an “outperform” rating and a $28.00 price target on the stock. Vertical Research initiated coverage on shares of QXO in a research note on Tuesday, October 21st. They issued a “buy” rating and a $30.00 price target for the company. Loop Capital initiated coverage on QXO in a research report on Thursday, December 11th. They set a “buy” rating and a $31.00 price objective on the stock. Finally, Morgan Stanley began coverage on QXO in a report on Tuesday, September 2nd. They set an “overweight” rating and a $35.00 target price on the stock. Two equities research analysts have 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.71.

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.