Raymond James Financial Inc. acquired a new position in QXO, Inc. (NASDAQ:QXO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 77,652 shares of the company's stock, valued at approximately $1,235,000.
A number of other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in QXO by 64,992.4% in the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company's stock valued at $45,019,000 after acquiring an additional 2,849,269 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in QXO by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company's stock worth $24,553,000 after acquiring an additional 14,073 shares in the last quarter. State Street Corp acquired a new position in shares of QXO during the third quarter valued at about $16,245,000. Bank of New York Mellon Corp raised its position in shares of QXO by 685.6% in the 4th quarter. Bank of New York Mellon Corp now owns 450,467 shares of the company's stock valued at $7,162,000 after purchasing an additional 393,126 shares during the last quarter. Finally, Gainplan LLC grew its position in QXO by 5,365.1% during the 4th quarter. Gainplan LLC now owns 191,280 shares of the company's stock worth $3,041,000 after purchasing an additional 187,780 shares during the last quarter. Hedge funds and other institutional investors own 58.68% of the company's stock.
QXO Trading Down 3.5 %
Shares of NASDAQ QXO traded down $0.48 during midday trading on Monday, reaching $13.52. The company had a trading volume of 3,697,844 shares, compared to its average volume of 2,209,439. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00. The business's 50-day simple moving average is $13.27 and its 200 day simple moving average is $14.74. The stock has a market cap of $5.53 billion, a P/E ratio of -1.48, a P/E/G ratio of 4.09 and a beta of 2.16.
About QXO
(
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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