Archon Partners LLC lifted its stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 84.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 314,000 shares of the company's stock after purchasing an additional 143,800 shares during the period. Archon Partners LLC owned 0.08% of QXO worth $4,993,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in QXO by 24.6% during the fourth quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company's stock worth $159,634,000 after buying an additional 1,979,147 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of QXO during the 4th quarter worth approximately $50,532,000. Geode Capital Management LLC increased its holdings in shares of QXO by 64,992.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company's stock worth $45,019,000 after acquiring an additional 2,849,269 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in QXO by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company's stock valued at $24,553,000 after acquiring an additional 14,073 shares during the period. Finally, Tsai Capital Corp lifted its holdings in QXO by 6.3% during the 4th quarter. Tsai Capital Corp now owns 1,275,007 shares of the company's stock valued at $20,273,000 after purchasing an additional 75,007 shares during the last quarter. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Trading Up 1.4 %
Shares of NASDAQ:QXO traded up $0.17 on Friday, hitting $12.92. The company had a trading volume of 4,976,696 shares, compared to its average volume of 2,453,489. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of -1.42, a P/E/G ratio of 4.09 and a beta of 2.16. The stock has a 50 day moving average price of $13.20 and a 200 day moving average price of $14.58.
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.
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