Barrier Capital Management LLC Boosts Stock Holdings in QXO, Inc. (NASDAQ:QXO)

Barrier Capital Management LLC grew its stake in QXO, Inc. (NASDAQ:QXO - Free Report) by 94.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,227,411 shares of the company's stock after buying an additional 594,604 shares during the period. QXO makes up about 15.7% of Barrier Capital Management LLC's holdings, making the stock its 2nd biggest holding. Barrier Capital Management LLC owned 0.30% of QXO worth $19,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC raised its stake in shares of QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock worth $152,000 after acquiring an additional 3,000 shares in the last quarter. Invesco Ltd. purchased a new position in QXO in the 4th quarter worth $164,000. Entropy Technologies LP bought a new stake in QXO in the fourth quarter worth $169,000. Wealth Effects LLC purchased a new stake in QXO during the fourth quarter valued at about $191,000. Finally, Provident Wealth Management LLC bought a new position in shares of QXO during the fourth quarter valued at about $198,000. 58.68% of the stock is owned by institutional investors.

QXO Stock Down 0.3 %

Shares of QXO traded down $0.04 during trading hours on Friday, hitting $13.85. The company had a trading volume of 1,811,812 shares, compared to its average volume of 2,512,173. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00. The stock's 50 day moving average price is $13.38 and its 200 day moving average price is $14.45. The firm has a market cap of $6.19 billion, a P/E ratio of -1.52, a P/E/G ratio of 4.09 and a beta of 2.27.

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.