42,050 Shares in QXO, Inc. (NASDAQ:QXO) Bought by 683 Capital Management LLC

683 Capital Management LLC bought a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,050 shares of the company's stock, valued at approximately $669,000.

Several other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its holdings in QXO by 3.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,886,193 shares of the company's stock worth $173,091,000 after buying an additional 312,299 shares during the period. Vanguard Group Inc. boosted its stake 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. purchased a new stake in QXO during the 4th quarter valued at about $50,532,000. Charles Schwab Investment Management Inc. increased its stake in shares of QXO by 0.9% in the 4th 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 during the last quarter. Finally, Tsai Capital Corp increased its holdings in shares of QXO by 6.3% during the 4th quarter. Tsai Capital Corp now owns 1,275,007 shares of the company's stock worth $20,273,000 after buying an additional 75,007 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.

QXO Trading Up 1.1 %

NASDAQ QXO traded up $0.14 during trading hours on Wednesday, reaching $13.53. The company had a trading volume of 4,102,217 shares, compared to its average volume of 2,504,393. The stock has a 50-day moving average of $13.34 and a 200 day moving average of $14.47. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The stock has a market capitalization of $6.05 billion, a P/E ratio of -1.49, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27.

QXO Company Profile

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.