QXO, Inc. (NASDAQ:QXO) Shares Purchased by Hauser Brothers GmbH

Hauser Brothers GmbH increased its position in QXO, Inc. (NASDAQ:QXO - Free Report) by 150.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,000 shares of the company's stock after purchasing an additional 150,015 shares during the quarter. QXO makes up about 2.8% of Hauser Brothers GmbH's portfolio, making the stock its 7th biggest position. Hauser Brothers GmbH owned approximately 0.06% of QXO worth $3,975,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in QXO during the 3rd quarter worth about $2,219,000. Advyzon Investment Management LLC purchased a new position in QXO in the fourth quarter valued at $527,000. Blair William & Co. IL acquired a new position in shares of QXO in the fourth quarter worth about $229,000. State Street Corp purchased a new stake in shares of QXO during the 3rd quarter worth about $16,245,000. Finally, Stifel Financial Corp purchased a new position in shares of QXO in the 3rd quarter valued at about $568,000. Hedge funds and other institutional investors own 58.68% of the company's stock.

QXO Price Performance

QXO stock traded up $0.17 during mid-day trading on Friday, reaching $12.92. 4,976,696 shares of the company's stock were exchanged, compared to its average volume of 2,453,490. The company has a market cap of $5.78 billion, a price-to-earnings ratio of -1.42, a price-to-earnings-growth ratio of 4.09 and a beta of 2.16. The stock's 50 day moving average is $13.20 and its 200 day moving average is $14.56. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00.

QXO Company Profile

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.