QXO, Inc. (QXO) is down 9.9% today. Here is some analysis on what might have caused this price movement. ([in.investing.com](https://in.investing.com/news/stock-market-news/rbc-cuts-building-product-stocks-on-2027-risks-in-q3-preview-5622360?utm_source=openai))
Analysis: The most likely driver appears to be a mix of fresh caution on building-products stocks and lingering investor concerns about QXO’s integration and balance-sheet story after its large 2026 acquisitions. There does not appear to be a major new company-specific negative announcement today, so this could be because traders are reacting to weaker sentiment around 2027 demand and QXO’s exposure to housing and construction cycles. ([in.investing.com](https://in.investing.com/news/stock-market-news/rbc-cuts-building-product-stocks-on-2027-risks-in-q3-preview-5622360?utm_source=openai))
Details:
Sources:
QXO Investor Relations, SEC, Investing.com
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$QXO Hedge Fund Activity
We have seen 427 institutional investors add shares of $QXO stock to their portfolio, and 187 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BAILLIE GIFFORD & CO added 33,132,722 shares (+224.9%) to their portfolio in Q2 2026, for an estimated $572,533,436
- BLACKROCK, INC. added 21,252,280 shares (+84.1%) to their portfolio in Q2 2026, for an estimated $367,239,398
- UBS GROUP AG added 14,956,865 shares (+98.2%) to their portfolio in Q2 2026, for an estimated $258,454,627
- MORGAN STANLEY added 11,860,833 shares (+15.9%) to their portfolio in Q2 2026, for an estimated $204,955,194
- INVESCO LTD. added 9,975,598 shares (+26.2%) to their portfolio in Q2 2026, for an estimated $172,378,333
- BALYASNY ASSET MANAGEMENT L.P. added 7,594,439 shares (+4521.2%) to their portfolio in Q2 2026, for an estimated $131,231,905
- MILLENNIUM MANAGEMENT LLC added 7,214,662 shares (+9621.9%) to their portfolio in Q2 2026, for an estimated $124,669,359
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$QXO Price Targets
Multiple analysts have issued price targets for $QXO recently. We have seen 6 analysts offer price targets for $QXO in the last 6 months, with a median target of $29.0.
Here are some recent targets:
- Jeffrey D. Hammond from Keybanc set a target price of $28.0 on 07/01/2026
- Anthony Pettinari from Citigroup set a target price of $28.0 on 05/15/2026
- Trey Grooms from Stephens & Co. set a target price of $26.0 on 05/14/2026
- David Manthey from Baird set a target price of $30.0 on 05/13/2026
- Scott Schneeberger from Oppenheimer set a target price of $32.0 on 04/27/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
