LPL Financial LLC cut its holdings in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,199 shares of the company's stock after selling 20,939 shares during the period. LPL Financial LLC's holdings in QXO were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of QXO by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company's stock valued at $24,553,000 after acquiring an additional 14,073 shares during the period. State Street Corp acquired a new stake in shares of QXO in the 3rd quarter valued at approximately $16,245,000. Swiss National Bank acquired a new stake in shares of QXO in the 4th quarter valued at approximately $10,884,000. Amundi raised its position in shares of QXO by 174.8% in the 4th quarter. Amundi now owns 565,583 shares of the company's stock valued at $8,642,000 after acquiring an additional 359,780 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of QXO by 685.6% in the 4th quarter. Bank of New York Mellon Corp now owns 450,467 shares of the company's stock valued at $7,162,000 after acquiring an additional 393,126 shares during the period. 58.68% of the stock is currently owned by institutional investors and hedge funds.
QXO Trading Down 1.3 %
Shares of NASDAQ:QXO traded down $0.18 during mid-day trading on Tuesday, reaching $13.24. The stock had a trading volume of 4,135,701 shares, compared to its average volume of 2,470,476. The firm has a market cap of $5.92 billion, a PE ratio of -1.45, a price-to-earnings-growth ratio of 4.09 and a beta of 2.16. The firm has a 50 day simple moving average of $13.20 and a two-hundred day simple moving average of $14.53. QXO, Inc. has a twelve month low of $10.61 and a twelve month 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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