Barclays PLC Buys New Shares in QXO, Inc. (NASDAQ:QXO)

Barclays PLC purchased a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,485 shares of the company's stock, valued at approximately $1,168,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in QXO by 24.6% in the fourth quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company's stock valued at $159,634,000 after buying an additional 1,979,147 shares during the period. Federated Hermes Inc. bought a new position in QXO in the fourth quarter valued at approximately $50,532,000. Charles Schwab Investment Management Inc. raised its position in QXO by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company's stock valued at $24,553,000 after purchasing an additional 14,073 shares in the last quarter. Tsai Capital Corp boosted its stake in QXO by 6.3% in the fourth quarter. Tsai Capital Corp now owns 1,275,007 shares of the company's stock valued at $20,273,000 after buying an additional 75,007 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of QXO by 523.9% during the 4th quarter. JPMorgan Chase & Co. now owns 877,902 shares of the company's stock valued at $13,959,000 after purchasing an additional 737,192 shares during the last quarter. 58.68% of the stock is owned by institutional investors.

QXO Stock Up 7.5 %

NASDAQ QXO opened at $14.22 on Monday. The company has a market cap of $6.36 billion, a price-to-earnings ratio of -1.56, a price-to-earnings-growth ratio of 4.09 and a beta of 2.16. The business's fifty day moving average is $13.28 and its 200 day moving average is $14.49. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00.

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.

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