Carmel Capital Partners LLC Purchases Shares of 46,360 QXO, Inc. $QXO

Carmel Capital Partners LLC purchased a new stake in QXO, Inc. (NYSE:QXO - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 46,360 shares of the company's stock, valued at approximately $884,000.A number of other hedge funds and other institutional investors have also made changes to their positions in QXO. Farther Finance Advisors LLC acquired a new position in QXO in the 2nd quarter worth $25,000. American Capital Advisory LLC raised its stake in shares of QXO by 258.0% in the 2nd quarter. American Capital Advisory LLC now owns 1,167 shares of the company's stock valued at $25,000 after purchasing an additional 841 shares during the period. Bogart Wealth LLC bought a new stake in shares of QXO in the third quarter valued at about $25,000. Allworth Financial LP boosted its position in shares of QXO by 1,740.9% during the second quarter. Allworth Financial LP now owns 1,215 shares of the company's stock worth $26,000 after buying an additional 1,149 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of QXO during the second quarter worth about $28,000. 58.68% of the stock is currently owned by institutional investors and hedge funds. QXO Price PerformanceNYSE:QXO opened at $24.17 on Friday. The stock has a market capitalization of $16.30 billion, a PE ratio of -54.93, a P/E/G ratio of 2.89 and a beta of 2.44. QXO, Inc. has a 1-year low of $11.85 and a 1-year high of $26.24. The firm has a fifty day simple moving average of $21.04 and a 200 day simple moving average of $20.32. The company has a current ratio of 3.06, a quick ratio of 2.24 and a debt-to-equity ratio of 0.37. QXO (NYSE:QXO - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.78 billion. QXO had a negative net margin of 3.81% and a positive return on equity of 3.70%. The company's quarterly revenue was up 20726.7% on a year-over-year basis. On average, research analysts expect that QXO, Inc. will post -0.13 EPS for the current fiscal year. Analyst Upgrades and DowngradesSeveral equities research analysts have commented on QXO shares. KeyCorp set a $28.00 target price on QXO in a research note on Wednesday, October 1st. Loop Capital started coverage on shares of QXO in a report on Thursday, December 11th. They issued a "buy" rating and a $31.00 price objective on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of QXO in a report on Monday, December 29th. Vertical Research began coverage on shares of QXO in a research report on Tuesday, October 21st. They issued a "buy" rating and a $30.00 target price for the company. Finally, William Blair reissued an "outperform" rating on shares of QXO in a research report on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $32.43.Check Out Our Latest Research Report on QXOAbout QXO (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. 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.Featured ArticlesFive stocks we like better than QXOElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyNEW LAW: Congress Approves Setup For Digital Dollar?Executive Order 14330: Trump’s Biggest YetThis 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.Should You Invest $1,000 in QXO Right Now?Before you consider QXO, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QXO wasn't on the list.While QXO currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here