Tsai Capital Corp grew its holdings in QXO, Inc. (NASDAQ:QXO - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,275,007 shares of the company's stock after buying an additional 75,007 shares during the quarter. QXO makes up 14.8% of Tsai Capital Corp's portfolio, making the stock its 2nd largest position. Tsai Capital Corp owned 0.31% of QXO worth $20,273,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in QXO. Brown Brothers Harriman & Co. bought a new position in QXO in the 3rd quarter valued at $41,000. SG Americas Securities LLC lifted its stake in shares of 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 acquiring an additional 3,000 shares during the period. BNP Paribas Financial Markets bought a new position in QXO in the third quarter valued at about $166,000. Entropy Technologies LP acquired a new stake in QXO in the fourth quarter worth about $169,000. Finally, Wexford Capital LP acquired a new stake in QXO in the third quarter worth about $189,000. 58.68% of the stock is owned by institutional investors.
QXO Stock Performance
QXO stock traded up $0.46 during trading hours on Wednesday, reaching $14.64. 1,539,803 shares of the company's stock traded hands, compared to its average volume of 2,180,465. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of -1.61, a PEG ratio of 4.09 and a beta of 2.35. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The firm's 50 day moving average is $13.25 and its 200-day moving average is $14.75.
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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