Deutsche Bank AG acquired a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,064 shares of the company's stock, valued at approximately $255,000.
Several other hedge funds have also made changes to their positions in QXO. SG Americas Securities LLC increased its stake in QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock valued at $152,000 after acquiring an additional 3,000 shares during the period. Invesco Ltd. acquired a new stake in QXO during the fourth quarter valued at approximately $164,000. Entropy Technologies LP bought a new stake in shares of QXO in the 4th quarter valued at approximately $169,000. Provident Wealth Management LLC bought a new stake in shares of QXO in the 4th quarter valued at approximately $198,000. Finally, KBC Group NV acquired a new position in shares of QXO in the 4th quarter worth approximately $209,000. Institutional investors own 58.68% of the company's stock.
QXO Trading Up 0.6%
QXO stock traded up $0.10 during trading on Tuesday, hitting $16.65. The company had a trading volume of 3,552,652 shares, compared to its average volume of 2,894,775. The company has a fifty day moving average price of $14.52 and a two-hundred day moving average price of $14.57. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The company has a market cap of $8.70 billion, a P/E ratio of -1.83, a P/E/G ratio of 4.09 and a beta of 2.27.
About QXO
(
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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