UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 616,131 shares of the company's stock, valued at approximately $9,796,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of QXO as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in QXO. SG Americas Securities LLC boosted its stake in QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock valued at $152,000 after buying an additional 3,000 shares during the last quarter. Toronto Dominion Bank bought a new stake in QXO in the 4th quarter worth approximately $159,000. Invesco Ltd. purchased a new stake in shares of QXO during the 4th quarter worth approximately $164,000. Entropy Technologies LP bought a new position in shares of QXO during the 4th quarter valued at approximately $169,000. Finally, Provident Wealth Management LLC purchased a new position in shares of QXO in the fourth quarter valued at $198,000. Hedge funds and other institutional investors own 58.68% of the company's stock.
QXO Stock Up 1.3%
QXO stock traded up $0.22 during mid-day trading on Tuesday, reaching $16.77. 2,008,722 shares of the company's stock traded hands, compared to its average volume of 2,889,285. 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 $14.52 and a two-hundred day moving average of $14.57. The company has a market cap of $8.76 billion, a price-to-earnings ratio of -1.84, a PEG 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.
Recommended Stories
Before you consider QXO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QXO wasn't on the list.
While QXO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
