Ensign Peak Advisors Inc purchased a new position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 65,995 shares of the company's stock, valued at approximately $1,049,000.
Other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew 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 acquiring an additional 312,299 shares during the last quarter. Vanguard Group Inc. increased its holdings in QXO by 24.6% during the 4th quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company's stock valued at $159,634,000 after purchasing an additional 1,979,147 shares during the period. Federated Hermes Inc. bought a new position in QXO during the 4th quarter valued at approximately $50,532,000. Charles Schwab Investment Management Inc. lifted its holdings in 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 buying an additional 14,073 shares during the period. Finally, Tsai Capital Corp grew its position in shares of QXO by 6.3% in 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. Institutional investors own 58.68% of the company's stock.
QXO Stock Performance
Shares of QXO stock traded up $0.87 during midday trading on Tuesday, reaching $18.38. 9,291,201 shares of the company's stock traded hands, compared to its average volume of 2,607,982. The stock has a 50 day moving average of $13.76 and a 200-day moving average of $14.47. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The company has a market cap of $8.22 billion, a PE ratio of -2.02, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27.
QXO Company Profile
(
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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