12,189 Shares in QXO, Inc. (NASDAQ:QXO) Acquired by Sigma Planning Corp

Sigma Planning Corp acquired a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,189 shares of the company's stock, valued at approximately $165,000.

Other institutional investors have also bought and sold shares of the company. Affinity Partners GP LP purchased a new stake in QXO during the fourth quarter valued at about $260,941,000. Federated Hermes Inc. bought a new position in shares of QXO in the fourth quarter worth $50,532,000. Vanguard Group Inc. grew its position in shares of QXO by 24.6% in the fourth quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company's stock valued at $159,634,000 after purchasing an additional 1,979,147 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of QXO by 523.9% during the 4th quarter. JPMorgan Chase & Co. now owns 877,902 shares of the company's stock valued at $13,959,000 after purchasing an additional 737,192 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in QXO during the 4th quarter worth about $9,796,000. Institutional investors own 58.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QXO. Wolfe Research initiated coverage on shares of QXO in a research report on Friday, June 6th. They issued an "outperform" rating and a $44.00 price objective for the company. Oppenheimer began coverage on shares of QXO in a research report on Wednesday, June 11th. They issued an "outperform" rating and a $27.00 price objective on the stock. Robert W. Baird assumed coverage on shares of QXO in a research report on Thursday, June 12th. They set an "outperform" rating and a $32.00 target price for the company. Citigroup assumed coverage on shares of QXO in a report on Wednesday, July 16th. They set a "buy" rating and a $33.00 price objective for the company. Finally, Truist Financial assumed coverage on QXO in a report on Tuesday, July 1st. They issued a "buy" rating and a $30.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, QXO currently has a consensus rating of "Buy" and a consensus target price of $33.17.

QXO Stock Down 1.4%

Shares of QXO stock traded down $0.32 during trading hours on Thursday, reaching $21.81. 2,662,561 shares of the stock traded hands, compared to its average volume of 5,712,176. The company has a 50 day moving average price of $20.01 and a 200 day moving average price of $15.81. QXO, Inc. has a one year low of $10.61 and a one year high of $113.97. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of -2.39, a P/E/G ratio of 4.09 and a beta of 2.41.

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.