JPMorgan Chase & Co. boosted its holdings in QXO, Inc. (NASDAQ:QXO - Free Report) by 523.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 877,902 shares of the company's stock after purchasing an additional 737,192 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of QXO worth $13,959,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of 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 purchasing an additional 3,000 shares in the last quarter. BNP Paribas Financial Markets bought a new position in QXO during the 3rd quarter valued at $166,000. Entropy Technologies LP bought a new position in QXO during the 4th quarter valued at $169,000. Wealth Effects LLC bought a new stake in shares of QXO in the 4th quarter worth $191,000. Finally, Provident Wealth Management LLC bought a new stake in shares of QXO in the 4th quarter worth $198,000. Institutional investors own 58.68% of the company's stock.
QXO Stock Down 1.6 %
QXO stock traded down $0.23 during midday trading on Wednesday, hitting $14.29. 1,377,691 shares of the stock were exchanged, compared to its average volume of 2,242,171. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00. The business's 50-day moving average price is $13.25 and its 200-day moving average price is $14.65. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of -1.57, a price-to-earnings-growth ratio of 4.09 and a beta of 2.16.
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.
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