California State Teachers Retirement System bought a new position in QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 299,968 shares of the company's stock, valued at approximately $4,769,000. California State Teachers Retirement System owned about 0.07% of QXO as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in QXO. SG Americas Securities LLC increased its holdings in shares of QXO by 45.8% in the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock worth $152,000 after buying an additional 3,000 shares during the last quarter. Toronto Dominion Bank bought a new position in QXO during the 4th quarter valued at about $159,000. Invesco Ltd. bought a new position in QXO during the 4th quarter valued at about $164,000. Entropy Technologies LP bought a new position in QXO during the 4th quarter valued at about $169,000. Finally, Provident Wealth Management LLC bought a new position in QXO during the 4th quarter valued at about $198,000. 58.68% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, Wolfe Research assumed coverage on shares of QXO in a report on Friday. They set an "outperform" rating and a $44.00 price target on the stock.
Check Out Our Latest Stock Analysis on QXO
QXO Stock Up 13.6%
NASDAQ:QXO traded up $2.27 during mid-day trading on Friday, hitting $19.02. 15,789,844 shares of the stock traded hands, compared to its average volume of 2,969,158. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of -2.09, a PEG ratio of 4.09 and a beta of 2.38. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The firm's 50 day moving average is $14.70 and its two-hundred day moving average is $14.61.
QXO 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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