Steward Partners Investment Advisory LLC Purchases 34,300 Shares of QXO, Inc. (NASDAQ:QXO)

Steward Partners Investment Advisory LLC raised its holdings in QXO, Inc. (NASDAQ:QXO - Free Report) by 67.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,945 shares of the company's stock after acquiring an additional 34,300 shares during the period. Steward Partners Investment Advisory LLC's holdings in QXO were worth $1,351,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Summit Trail Advisors LLC lifted its position in shares of QXO by 1.3% during the 4th quarter. Summit Trail Advisors LLC now owns 115,967 shares of the company's stock valued at $1,844,000 after acquiring an additional 1,497 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of QXO during the third quarter valued at about $41,000. SG Americas Securities LLC increased its position in shares of QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock worth $152,000 after acquiring an additional 3,000 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in QXO by 24.0% during the 4th quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company's stock worth $252,000 after purchasing an additional 3,064 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of QXO in the 3rd quarter worth $166,000. Institutional investors and hedge funds own 58.68% of the company's stock.

QXO Price Performance

Shares of QXO stock traded down $0.23 on Tuesday, reaching $13.03. 1,200,950 shares of the company traded hands, compared to its average volume of 1,991,244. The company has a 50 day moving average of $13.83 and a 200 day moving average of $14.86. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The firm has a market capitalization of $5.33 billion, a PE ratio of -1.43, a PEG ratio of 4.09 and a beta of 2.35.

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QXO Company 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.