Affinity Partners GP LP Buys Shares of 16,411,379 QXO, Inc. (NASDAQ:QXO)

Affinity Partners GP LP purchased a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,411,379 shares of the company's stock, valued at approximately $260,941,000. QXO accounts for approximately 100.0% of Affinity Partners GP LP's investment portfolio, making the stock its biggest position. Affinity Partners GP LP owned 4.01% of QXO as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its holdings in shares of QXO by 3.0% during 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 purchasing an additional 312,299 shares in the last quarter. Vanguard Group Inc. raised its position in shares of QXO by 24.6% during 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. bought a new stake in shares of QXO during the fourth quarter worth $50,532,000. Charles Schwab Investment Management Inc. increased its holdings in QXO by 0.9% in 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 during the last quarter. Finally, Tsai Capital Corp increased its holdings 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 purchasing an additional 75,007 shares during the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Price Performance

Shares of QXO stock traded down $0.07 during trading hours on Friday, hitting $17.04. The company's stock had a trading volume of 7,117,064 shares, compared to its average volume of 2,884,582. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The stock has a 50 day moving average of $14.40 and a 200 day moving average of $14.57. The company has a market capitalization of $8.90 billion, a PE ratio of -1.87, a price-to-earnings-growth 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.