Mirae Asset Global Investments Co. Ltd. Grows Stake in QXO, Inc. $QXO

Mirae Asset Global Investments Co. Ltd. raised its stake in QXO, Inc. (NYSE:QXO) by 28.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,200 shares of the company’s stock after purchasing an additional 33,500 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in QXO were worth $2,936,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in QXO in the third quarter valued at about $25,000. Russell Investments Group Ltd. purchased a new position in QXO in the second quarter valued at about $30,000. Newbridge Financial Services Group Inc. raised its position in QXO by 57.5% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,575 shares of the company’s stock valued at $30,000 after purchasing an additional 575 shares during the period. GAMMA Investing LLC purchased a new position in QXO in the third quarter valued at about $31,000. Finally, WPG Advisers LLC purchased a new position in QXO in the third quarter valued at about $35,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on QXO shares. Wall Street Zen lowered QXO from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Royal Bank Of Canada lowered their target price on QXO from $30.00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, April 6th. BNP Paribas Exane began coverage on QXO in a research note on Monday, March 16th. They set an “outperform” rating and a $30.00 target price for the company. William Blair restated an “outperform” rating on shares of QXO in a research note on Wednesday, December 31st. Finally, Citigroup lowered their target price on 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 issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.40.

QXO News Roundup

Here are the key news stories impacting QXO this week:

• Positive Sentiment: Acquisition expands QXO’s building-products reach and scale; the $17 billion TopBuild deal is the headline driver behind today’s move as investors weigh revenue and market-share upside. Read More.
• Positive Sentiment: Wall Street commentary highlights potential revenue scale — some analysts model the combined company reaching roughly $50 billion in annual revenue, implying large synergy and cross-selling upside if integration succeeds. Read More.
• Positive Sentiment: Analyst/market writeups portray the transaction as a consolidation play that could create long-term value if cost and revenue synergies are realized. Read More.
• Neutral Sentiment: QXO announced a partnership with NAHICA to support Latino contractors, which improves community outreach and addressable market access but is not likely to move near-term earnings materially. Read More.
• Neutral Sentiment: Founder/management commentary (Brad Jacobs) frames the deal as part of a broader strategy that pairs traditional distribution with data/AI capabilities — strategically meaningful but speculative on timing and measurable ROI. Read More.
• Negative Sentiment: Shareholder litigation risk surfaced: Johnson Fistel launched an investigation into whether TopBuild’s board breached fiduciary duties in connection with the sale, introducing legal and timing uncertainty. Read More.
• Negative Sentiment: Market skepticism about deal pricing/arbitrage appeared in coverage noting the spread between QXO and TopBuild stocks, highlighting investor concern over valuation and potential dilution/financing terms. Read More.

QXO Stock Down 6.8%

Shares of QXO stock opened at $20.96 on Thursday. The business has a 50-day moving average of $22.13 and a 200-day moving average of $21.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.58 and a quick ratio of 2.61. The company has a market capitalization of $14.88 billion, a PE ratio of -35.53, a P/E/G ratio of 3.52 and a beta of 2.50. QXO, Inc. has a 1-year low of $12.16 and a 1-year high of $27.61.

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

About QXO

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.