QXO, Inc. $QXO Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its stake in QXO, Inc. (NYSE:QXO) by 9.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 452,193 shares of the company’s stock after selling 47,584 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in QXO were worth $9,740,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in shares of QXO in the second quarter valued at about $25,000. Larson Financial Group LLC acquired a new stake in shares of QXO in the first quarter valued at about $26,000. Ridgewood Investments LLC purchased a new position in QXO in the first quarter valued at about $27,000. CWM LLC purchased a new position in QXO in the first quarter valued at about $27,000. Finally, First Horizon Advisors Inc. boosted its holdings in QXO by 57.4% in the first quarter. First Horizon Advisors Inc. now owns 2,790 shares of the company’s stock valued at $38,000 after purchasing an additional 1,017 shares during the last quarter. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Trading Down 1.7%

NYSE:QXO opened at $18.08 on Tuesday. The company has a quick ratio of 2.15, a current ratio of 3.00 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $19.94 and its two-hundred day moving average is $18.92. QXO, Inc. has a 52 week low of $11.85 and a 52 week high of $24.69. The company has a market cap of $12.18 billion, a PE ratio of -86.11, a P/E/G ratio of 2.57 and a beta of 2.25.

QXO (NYSE:QXO) last released its earnings results on Thursday, August 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. QXO had a positive return on equity of 2.15% and a negative net margin of 1.09%.The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion. On average, analysts predict that QXO, Inc. will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on QXO shares. Weiss Ratings reissued a “sell (d)” rating on shares of QXO in a report on Wednesday, October 8th. Vertical Research started coverage on QXO in a report on Tuesday, October 21st. They issued a “buy” rating and a $30.00 price target for the company. Zacks Research downgraded QXO from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. KeyCorp set a $28.00 price target on QXO in a report on Wednesday, October 1st. Finally, Wells Fargo & Company started coverage on QXO in a report on Tuesday, August 5th. They issued an “overweight” rating and a $30.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.85.

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.