Point72 Asset Management L.P. boosted its position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 209.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 571,547 shares of the company's stock after acquiring an additional 386,911 shares during the quarter. Point72 Asset Management L.P. owned 0.14% of QXO worth $9,088,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in QXO by 45.8% in the fourth 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 in the last quarter. Invesco Ltd. purchased a new stake in QXO in the fourth quarter worth about $164,000. Entropy Technologies LP purchased a new stake in QXO in the fourth quarter worth about $169,000. Wealth Effects LLC purchased a new stake in QXO in the fourth quarter worth about $191,000. Finally, Provident Wealth Management LLC purchased a new stake in QXO in the fourth quarter worth about $198,000. Hedge funds and other institutional investors own 58.68% of the company's stock.
QXO Stock Down 0.1%
QXO traded down $0.01 during midday trading on Friday, reaching $16.81. The company had a trading volume of 11,426,734 shares, compared to its average volume of 2,812,027. The business has a 50-day moving average of $14.11 and a two-hundred day moving average of $14.53. The company has a market cap of $8.78 billion, a P/E ratio of -1.84, a P/E/G ratio of 4.09 and a beta of 2.27. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00.
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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