QXO, Inc. (NASDAQ:QXO - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $18.35, but opened at $16.75. QXO shares last traded at $16.77, with a volume of 1,795,929 shares traded.
QXO Price Performance
The company has a fifty day moving average of $14.11 and a 200-day moving average of $14.52. The firm has a market capitalization of $8.78 billion, a PE ratio of -1.84, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27.
Institutional Investors Weigh In On QXO
Institutional investors have recently made changes to their positions in the company. Affinity Partners GP LP acquired a new position in QXO in the fourth quarter worth approximately $260,941,000. Vanguard Group Inc. grew its position in QXO by 146.1% in the first quarter. Vanguard Group Inc. now owns 24,707,435 shares of the company's stock worth $334,539,000 after acquiring an additional 14,667,571 shares in the last quarter. Blue Investment Opportunities LLC Project Breeze Series 1 acquired a new position in shares of QXO during the 1st quarter worth $118,142,000. Federated Hermes Inc. bought a new position in shares of QXO during the 4th quarter valued at $50,532,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of QXO by 523.9% during the 4th quarter. JPMorgan Chase & Co. now owns 877,902 shares of the company's stock valued at $13,959,000 after purchasing an additional 737,192 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.
About QXO
(
Get 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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