Envestnet Asset Management Inc. increased its holdings in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 26.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,756 shares of the company's stock after acquiring an additional 29,311 shares during the quarter. Envestnet Asset Management Inc.'s holdings in QXO were worth $2,206,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of QXO. Vanguard Group Inc. lifted its position in shares of QXO by 24.6% during the 4th quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company's stock valued at $159,634,000 after buying an additional 1,979,147 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in QXO by 523.9% during the fourth quarter. JPMorgan Chase & Co. now owns 877,902 shares of the company's stock valued at $13,959,000 after purchasing an additional 737,192 shares during the last quarter. Swiss National Bank purchased a new stake in QXO during the fourth quarter valued at about $10,884,000. Motley Fool Wealth Management LLC purchased a new stake in QXO during the fourth quarter valued at about $8,402,000. Finally, Motley Fool Asset Management LLC purchased a new stake in QXO during the fourth quarter valued at about $6,631,000. 58.68% of the stock is currently owned by institutional investors.
QXO Stock Performance
NASDAQ QXO traded up $0.50 during trading on Monday, hitting $13.38. 4,575,363 shares of the company's stock traded hands, compared to its average volume of 2,463,005. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of -1.47, a PEG ratio of 4.09 and a beta of 2.16. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The business has a 50 day moving average of $13.20 and a 200-day moving average of $14.56.
About QXO
(
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.
Featured Articles
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 list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
