Swedbank AB acquired a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the company's stock, valued at approximately $795,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Finepoint Capital LP purchased a new position in shares of QXO in the 3rd quarter valued at about $406,090,000. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 2,849,269 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of QXO during the 3rd quarter worth $42,593,000. Massachusetts Financial Services Co. MA acquired a new position in QXO in the 3rd quarter valued at about $32,559,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in QXO in the third quarter worth approximately $24,130,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.
QXO Stock Down 5.9 %
NASDAQ:QXO traded down $0.85 on Thursday, reaching $13.57. The company's stock had a trading volume of 2,522,002 shares, compared to its average volume of 2,045,313. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of -1.49, a price-to-earnings-growth ratio of 3.32 and a beta of 2.28. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The stock has a 50 day moving average price of $15.36 and a 200 day moving average price of $17.56.
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.
Featured Articles
Before you consider QXO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QXO wasn't on the list.
While QXO currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
