LPL Financial LLC reduced its position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,199 shares of the company's stock after selling 20,939 shares during the quarter. LPL Financial LLC's holdings in QXO were worth $576,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in QXO. 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. Entropy Technologies LP purchased a new stake in shares of QXO in the fourth quarter worth approximately $169,000. Wealth Effects LLC bought a new position in shares of QXO in the fourth quarter valued at approximately $191,000. Provident Wealth Management LLC bought a new position in shares of QXO in the fourth quarter valued at approximately $198,000. Finally, KBC Group NV bought a new stake in QXO during the fourth quarter worth $209,000. Institutional investors own 58.68% of the company's stock.
QXO Stock Up 1.4 %
NASDAQ:QXO traded up $0.17 during trading hours on Friday, hitting $12.92. 4,976,696 shares of the company traded hands, compared to its average volume of 2,453,490. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00. The company has a market cap of $5.78 billion, a PE ratio of -1.42, a PEG ratio of 4.09 and a beta of 2.16. The firm's 50-day simple moving average is $13.20 and its 200-day simple moving average is $14.56.
QXO Company Profile
(
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.
Further Reading
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
