Pictet Asset Management Holding SA Buys Shares of 46,158 QXO, Inc. (NASDAQ:QXO)

Pictet Asset Management Holding SA bought a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,158 shares of the company's stock, valued at approximately $734,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of QXO. Vanguard Group Inc. raised its stake in 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 acquiring an additional 1,979,147 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of QXO by 64,992.4% during the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company's stock worth $45,019,000 after purchasing an additional 2,849,269 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of QXO by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company's stock worth $24,553,000 after purchasing an additional 14,073 shares during the period. State Street Corp purchased a new position in QXO in the 3rd quarter valued at $16,245,000. Finally, JPMorgan Chase & Co. raised its position in QXO by 523.9% during the 4th quarter. JPMorgan Chase & Co. now owns 877,902 shares of the company's stock worth $13,959,000 after buying an additional 737,192 shares during the last quarter. Hedge funds and other institutional investors own 58.68% of the company's stock.

QXO Trading Up 5.3 %

Shares of NASDAQ:QXO traded up $0.70 during midday trading on Friday, hitting $13.90. The stock had a trading volume of 1,679,161 shares, compared to its average volume of 2,232,146. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00. The stock has a 50 day moving average price of $13.23 and a two-hundred day moving average price of $14.66. The company has a market capitalization of $5.69 billion, a PE ratio of -1.52, a P/E/G ratio of 4.09 and a beta of 2.16.

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QXO Profile

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.