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Legal & General Group Plc Takes $4.76 Million Position in QXO, Inc. (NASDAQ:QXO)

QXO logo with Business Services background

Legal & General Group Plc bought a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 299,639 shares of the company's stock, valued at approximately $4,764,000. Legal & General Group Plc owned 0.07% of QXO at the end of the most recent quarter.

Several other large investors have also modified their holdings of QXO. Invesco Ltd. purchased a new position in shares of QXO during the 4th quarter worth approximately $164,000. Federated Hermes Inc. purchased a new position in QXO in the fourth quarter worth $50,532,000. Envestnet Asset Management Inc. lifted its holdings in QXO by 26.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 138,756 shares of the company's stock valued at $2,206,000 after acquiring an additional 29,311 shares during the period. Wells Fargo & Company MN lifted its holdings in QXO by 277.5% in the fourth quarter. Wells Fargo & Company MN now owns 29,159 shares of the company's stock valued at $464,000 after acquiring an additional 21,435 shares during the period. Finally, Motley Fool Asset Management LLC purchased a new stake in shares of QXO during the 4th quarter worth $6,631,000. Hedge funds and other institutional investors own 58.68% of the company's stock.

QXO Trading Up 1.4 %

Shares of QXO traded up $0.17 during trading hours on Friday, reaching $12.92. The company had a trading volume of 4,976,696 shares, compared to its average volume of 2,453,490. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The firm has a 50 day simple moving average of $13.20 and a 200-day simple moving average of $14.56. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of -1.42, a PEG ratio of 4.09 and a beta of 2.16.

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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Institutional Ownership by Quarter for QXO (NASDAQ:QXO)

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