QXO, Inc. (NASDAQ:QXO - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $16.75, but opened at $18.16. QXO shares last traded at $19.12, with a volume of 3,602,001 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wolfe Research started coverage on shares of QXO in a research note on Friday. They set an "outperform" rating and a $44.00 price target for the company.
View Our Latest Report on QXO
QXO Trading Up 11.9%
The firm has a market capitalization of $10.84 billion, a PE ratio of -2.06, a price-to-earnings-growth ratio of 4.09 and a beta of 2.38. The business has a 50-day moving average of $14.70 and a 200 day moving average of $14.61.
Institutional Trading of QXO
Several institutional investors and hedge funds have recently modified their holdings of the business. Advisors Capital Management LLC grew its stake in shares of QXO by 18.9% in the 1st quarter. Advisors Capital Management LLC now owns 646,595 shares of the company's stock worth $8,755,000 after buying an additional 102,862 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in QXO by 13.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 697,889 shares of the company's stock valued at $9,449,000 after acquiring an additional 81,758 shares during the period. Blue Investment Opportunities LLC Project Breeze Series 1 bought a new stake in shares of QXO during the 1st quarter valued at $118,142,000. Millennium Management LLC raised its stake in QXO by 6.6% during the 1st quarter. Millennium Management LLC now owns 322,115 shares of the company's stock worth $4,361,000 after acquiring an additional 20,067 shares during the period. Finally, Eschler Asset Management LLP purchased a new position in shares of QXO in the first quarter valued at about $812,000. Hedge funds and other institutional investors own 58.68% of the company's stock.
QXO Company Profile
(
Get 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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