QXO, Inc. (NASDAQ:QXO) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 478.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,193 shares of the company's stock after acquiring an additional 45,649 shares during the quarter. SG Americas Securities LLC's holdings in QXO were worth $747,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Wellington Shields & Co. LLC boosted its stake in shares of QXO by 2.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 75,000 shares of the company's stock worth $1,192,000 after acquiring an additional 1,500 shares in the last quarter. Tilia Fiduciary Partners Inc. boosted its stake in shares of QXO by 16.1% during the 1st quarter. Tilia Fiduciary Partners Inc. now owns 18,790 shares of the company's stock worth $254,000 after acquiring an additional 2,609 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of QXO by 23.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 15,908 shares of the company's stock worth $253,000 after acquiring an additional 3,050 shares in the last quarter. Nebula Research & Development LLC lifted its stake in QXO by 12.9% in the 4th quarter. Nebula Research & Development LLC now owns 26,912 shares of the company's stock valued at $428,000 after buying an additional 3,076 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in QXO by 8.8% in the 1st quarter. Moody National Bank Trust Division now owns 49,250 shares of the company's stock valued at $667,000 after buying an additional 4,000 shares in the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on QXO. William Blair began coverage on shares of QXO in a research note on Wednesday. They issued an "outperform" rating on the stock. Oppenheimer began coverage on shares of QXO in a research note on Wednesday, June 11th. They issued an "outperform" rating and a $27.00 price target on the stock. Wolfe Research began coverage on shares of QXO in a research note on Friday, June 6th. They issued an "outperform" rating and a $44.00 price target on the stock. Baird R W raised shares of QXO to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, Robert W. Baird began coverage on shares of QXO in a research note on Thursday, June 12th. They issued an "outperform" rating and a $32.00 price target on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $34.33.

QXO Trading Up 5.3%

QXO stock traded up $1.20 during mid-day trading on Friday, reaching $23.70. The company's stock had a trading volume of 18,739,084 shares, compared to its average volume of 3,331,294. The stock has a market cap of $13.70 billion, a PE ratio of -2.60, a P/E/G ratio of 4.09 and a beta of 2.38. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $157.28. The company's 50 day moving average is $16.27 and its two-hundred day moving average is $14.88.

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.