Motley Fool Wealth Management LLC purchased a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 532,753 shares of the company's stock, valued at approximately $8,402,000. Motley Fool Wealth Management LLC owned approximately 0.13% of QXO at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new position in QXO during the 3rd quarter worth approximately $41,000. SG Americas Securities LLC lifted its position in QXO by 45.8% during 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 during the period. BNP Paribas Financial Markets purchased a new stake in QXO in the third quarter valued at $166,000. Entropy Technologies LP acquired a new stake in QXO during the 4th quarter worth about $169,000. Finally, Wexford Capital LP purchased a new position in shares of QXO during the 3rd quarter valued at about $189,000. Hedge funds and other institutional investors own 58.68% of the company's stock.
QXO Stock Down 1.7 %
Shares of QXO stock traded down $0.23 on Friday, hitting $13.78. The company had a trading volume of 2,814,341 shares, compared to its average volume of 2,181,213. The firm has a market cap of $5.64 billion, a P/E ratio of -1.51, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00. The company has a 50-day moving average price of $13.25 and a 200-day moving average price of $14.77.
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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