T. Rowe Price Investment Management Inc. raised its position in QXO, Inc. (NASDAQ:QXO - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,886,193 shares of the company's stock after buying an additional 312,299 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 2.66% of QXO worth $173,091,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in QXO. Vanguard Group Inc. lifted its holdings in shares of QXO by 24.6% in the fourth quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company's stock worth $159,634,000 after acquiring an additional 1,979,147 shares during the last quarter. Federated Hermes Inc. acquired a new stake in QXO during the 4th quarter worth approximately $50,532,000. Charles Schwab Investment Management Inc. grew its stake in shares of 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 purchasing an additional 14,073 shares during the last quarter. Tsai Capital Corp raised its position in shares of QXO by 6.3% during the fourth quarter. Tsai Capital Corp now owns 1,275,007 shares of the company's stock worth $20,273,000 after acquiring an additional 75,007 shares during the last quarter. Finally, State Street Corp acquired a new position in shares of QXO in the 3rd quarter worth approximately $16,245,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.
QXO Stock Performance
Shares of NASDAQ:QXO traded up $0.17 during midday trading on Friday, reaching $12.92. The company's stock had a trading volume of 4,976,696 shares, compared to its average volume of 2,453,490. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of -1.42, a PEG ratio of 4.09 and a beta of 2.16. The firm has a 50 day moving average price of $13.20 and a two-hundred day moving average price of $14.56. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00.
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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