Tilia Fiduciary Partners Inc. Boosts Position in QXO, Inc. (NASDAQ:QXO)

Tilia Fiduciary Partners Inc. increased its position in QXO, Inc. (NASDAQ:QXO) by 16.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,790 shares of the company’s stock after purchasing an additional 2,609 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in QXO were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC raised its stake in QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after buying an additional 3,000 shares during the last quarter. Parallel Advisors LLC grew its stake in QXO by 62.2% during the 1st quarter. Parallel Advisors LLC now owns 11,570 shares of the company’s stock worth $157,000 after purchasing an additional 4,439 shares in the last quarter. Toronto Dominion Bank purchased a new stake in shares of QXO in the 4th quarter valued at about $159,000. Invesco Ltd. purchased a new stake in QXO during the 4th quarter valued at approximately $164,000. Finally, Entropy Technologies LP purchased a new position in shares of QXO during the 4th quarter worth approximately $169,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research assumed coverage on QXO in a report on Friday. They set an “outperform” rating and a $44.00 price objective on the stock.

QXO Stock Performance

QXO stock opened at $19.02 on Friday. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of -2.09, a price-to-earnings-growth ratio of 4.09 and a beta of 2.38. The firm’s 50 day moving average price is $14.80 and its two-hundred day moving average price is $14.62.

About QXO

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.