Praxis Investment Management Inc. purchased a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,540 shares of the company's stock, valued at approximately $156,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Blair William & Co. IL bought a new stake in QXO during the 4th quarter valued at approximately $229,000. Barclays PLC bought a new stake in shares of QXO in the 4th quarter valued at approximately $1,168,000. Deutsche Bank AG acquired a new position in QXO during the fourth quarter worth $255,000. Northern Trust Corp boosted its position in QXO by 46.9% in the fourth quarter. Northern Trust Corp now owns 731,610 shares of the company's stock valued at $11,633,000 after buying an additional 233,538 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in QXO by 277.5% during the 4th quarter. Wells Fargo & Company MN now owns 29,159 shares of the company's stock valued at $464,000 after purchasing an additional 21,435 shares in the last quarter. Hedge funds and other institutional investors own 58.68% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on QXO shares. Oppenheimer began coverage on QXO in a research note on Wednesday, June 11th. They set an "outperform" rating and a $27.00 price target on the stock. Baird R W upgraded QXO to a "strong-buy" rating in a report on Thursday, June 12th. Robert W. Baird assumed coverage on QXO in a report on Thursday, June 12th. They set an "outperform" rating and a $32.00 price objective for the company. Wolfe Research assumed coverage on shares of QXO in a research note on Friday, June 6th. They set an "outperform" rating and a $44.00 price objective for the company. Finally, William Blair started coverage on shares of QXO in a research report on Wednesday, June 18th. They set an "outperform" rating on the stock. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $34.33.
Check Out Our Latest Report on QXO
QXO Stock Down 4.4%
Shares of QXO stock traded down $0.95 on Friday, hitting $20.77. The stock had a trading volume of 56,294,595 shares, compared to its average volume of 3,839,923. The business's 50 day moving average is $16.97 and its two-hundred day moving average is $15.06. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $157.28. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of -2.28, a price-to-earnings-growth ratio of 4.09 and a beta of 2.38.
QXO Company 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.
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