Raymond James Financial Inc. Acquires New Holdings in QXO, Inc. (NASDAQ:QXO)

Raymond James Financial Inc. bought a new position in shares of QXO, Inc. (NASDAQ:QXO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 77,652 shares of the company’s stock, valued at approximately $1,235,000.

Several other institutional investors also recently modified their holdings of QXO. SG Americas Securities LLC grew its position in QXO by 45.8% during the 4th 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 during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of QXO during the third quarter worth about $166,000. Entropy Technologies LP acquired a new position in shares of QXO in the fourth quarter valued at approximately $169,000. Wexford Capital LP bought a new position in QXO in the 3rd quarter valued at approximately $189,000. Finally, Wealth Effects LLC acquired a new stake in QXO during the 4th quarter worth approximately $191,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

QXO Stock Performance

Shares of NASDAQ QXO opened at $14.73 on Thursday. The firm has a 50 day moving average price of $13.26 and a two-hundred day moving average price of $14.75. The stock has a market cap of $6.03 billion, a P/E ratio of -1.62, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00.

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.