JPMorgan Chase & Co. raised its holdings in QXO, Inc. (NASDAQ:QXO - Free Report) by 523.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 877,902 shares of the company's stock after buying an additional 737,192 shares during the period. JPMorgan Chase & Co. owned about 0.21% of QXO worth $13,959,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted 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 valued at $152,000 after acquiring an additional 3,000 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of QXO in the 3rd quarter valued at about $166,000. Entropy Technologies LP purchased a new position in QXO during the 4th quarter worth approximately $169,000. Wealth Effects LLC acquired a new position in QXO during the fourth quarter worth approximately $191,000. Finally, Provident Wealth Management LLC purchased a new stake in QXO in the fourth quarter valued at approximately $198,000. 58.68% of the stock is owned by hedge funds and other institutional investors.
QXO Trading Down 7.5 %
Shares of QXO stock traded down $1.07 during trading on Thursday, reaching $13.20. The company's stock had a trading volume of 11,276,811 shares, compared to its average volume of 2,724,417. The firm has a market cap of $5.40 billion, a PE ratio of -1.45, a P/E/G ratio of 4.09 and a beta of 2.16. The company has a 50-day moving average price of $13.27 and a two-hundred day moving average price of $14.64. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week 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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