Zurcher Kantonalbank Zurich Cantonalbank Takes Position in QXO, Inc. (NASDAQ:QXO)

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in QXO, Inc. (NASDAQ:QXO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 87,015 shares of the company's stock, valued at approximately $1,384,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi boosted its holdings in shares of QXO by 174.8% during the fourth quarter. Amundi now owns 565,583 shares of the company's stock worth $8,642,000 after purchasing an additional 359,780 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of QXO during the fourth quarter worth approximately $1,235,000. Arizona State Retirement System acquired a new stake in shares of QXO during the fourth quarter worth approximately $1,606,000. Verdence Capital Advisors LLC boosted its holdings in shares of QXO by 23.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 15,908 shares of the company's stock worth $253,000 after purchasing an additional 3,050 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of QXO during the fourth quarter worth approximately $2,711,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

QXO Stock Performance

Shares of QXO stock traded down $0.75 during trading on Friday, hitting $12.69. 8,618,781 shares of the company were exchanged, compared to its average volume of 2,116,016. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of -1.39, a P/E/G ratio of 4.09 and a beta of 2.35. The business's 50-day simple moving average is $13.34 and its 200 day simple moving average is $14.78. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00.

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About QXO

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.