Neuberger Berman Group LLC purchased a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 556,600 shares of the company's stock, valued at approximately $8,850,000. Neuberger Berman Group LLC owned 0.14% of QXO as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of QXO during the fourth quarter worth $1,235,000. Legal & General Group Plc acquired a new stake in QXO during the fourth quarter worth approximately $4,764,000. Invesco Ltd. bought a new position in QXO during the fourth quarter worth about $164,000. Federated Hermes Inc. bought a new stake in shares of QXO during the 4th quarter valued at $50,532,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of QXO by 26.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 138,756 shares of the company's stock worth $2,206,000 after acquiring an additional 29,311 shares in the last quarter. Institutional investors own 58.68% of the company's stock.
QXO Stock Down 0.1 %
Shares of NASDAQ QXO traded down $0.01 during midday trading on Wednesday, reaching $14.51. 899,060 shares of the company were exchanged, compared to its average volume of 2,239,113. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00. The stock's 50-day moving average price is $13.25 and its 200-day moving average price is $14.65. The stock has a market cap of $5.94 billion, a P/E ratio of -1.59, a PEG 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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