Oppenheimer & Co. Inc. Has $6.75 Million Stock Holdings in QXO, Inc. $QXO

Key Points

• Oppenheimer & Co. increased its stake in QXO by 30.5% in Q4 and now owns 350,006 shares worth about $6.75 million (roughly 0.05% of the company).
• QXO reported $0.02 EPS for the quarter, missing estimates by $0.01 and showing a negative net margin of 4.08% despite revenue rising about 14,725% year‑over‑year.
• Analyst sentiment is broadly positive with a MarketBeat consensus of "Moderate Buy" and an average price target of $32.53, and several firms have recently raised targets (e.g., KeyCorp to $32).

Oppenheimer & Co. Inc. increased its position in shares of QXO, Inc. (NYSE:QXO - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 350,006 shares of the company's stock after buying an additional 81,767 shares during the quarter. Oppenheimer & Co. Inc. owned 0.05% of QXO worth $6,752,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in QXO during the third quarter worth about $25,000. Russell Investments Group Ltd. acquired a new stake in QXO during the second quarter worth about $30,000. Newbridge Financial Services Group Inc. lifted its stake in QXO by 57.5% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,575 shares of the company's stock worth $30,000 after purchasing an additional 575 shares during the period. WPG Advisers LLC bought a new position in QXO during the third quarter worth about $35,000. Finally, Sentry Investment Management LLC bought a new position in QXO during the third quarter worth about $40,000. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Stock Performance

NYSE:QXO opened at $19.83 on Friday. QXO, Inc. has a 1 year low of $13.09 and a 1 year high of $27.61. The firm has a 50 day moving average of $21.39 and a 200-day moving average of $21.16. The company has a current ratio of 3.58, a quick ratio of 2.61 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $14.38 billion, a P/E ratio of -33.62, a price-to-earnings-growth ratio of 3.10 and a beta of 2.40.

QXO (NYSE:QXO - Get Free Report) last posted its earnings results on Friday, February 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). QXO had a negative net margin of 4.08% and a positive return on equity of 3.45%. The business's quarterly revenue was up 14725.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that QXO, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

QXO has been the subject of a number of analyst reports. KeyCorp raised their price target on shares of QXO from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, April 20th. Benchmark restated a "buy" rating on shares of QXO in a research note on Friday, February 20th. Wall Street Zen cut shares of QXO from a "hold" rating to a "sell" rating in a research note on Saturday, February 28th. Royal Bank Of Canada cut their price target on shares of QXO from $30.00 to $28.00 and set an "outperform" rating for the company in a research note on Monday, April 6th. Finally, Citigroup cut their price target on shares of QXO from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, QXO has a consensus rating of "Moderate Buy" and a consensus price target of $32.53.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.