Motley Fool Asset Management LLC bought a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 417,022 shares of the company's stock, valued at approximately $6,631,000. Motley Fool Asset Management LLC owned 0.10% of QXO as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of QXO. Charles Schwab Investment Management Inc. purchased a new position in QXO during the 3rd quarter worth approximately $24,130,000. The Manufacturers Life Insurance Company acquired a new stake in shares of QXO in the third quarter worth $1,522,000. BNP Paribas Financial Markets purchased a new position in shares of QXO during the third quarter valued at $166,000. Townsquare Capital LLC acquired a new position in QXO during the third quarter valued at $276,000. Finally, HighTower Advisors LLC purchased a new stake in QXO in the 3rd quarter worth about $1,492,000. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Stock Performance
Shares of QXO stock traded down $0.51 during trading on Tuesday, hitting $13.05. 653,269 shares of the company were exchanged, compared to its average volume of 2,202,568. The business's 50-day simple moving average is $13.27 and its 200 day simple moving average is $14.74. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of -1.43, a P/E/G ratio of 4.09 and a beta of 2.16.
QXO 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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