Wells Fargo & Company MN increased its position in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 277.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,159 shares of the company's stock after buying an additional 21,435 shares during the period. Wells Fargo & Company MN's holdings in QXO were worth $464,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in QXO. Vanguard Group Inc. boosted its stake in QXO by 24.6% during the 4th quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company's stock valued at $159,634,000 after acquiring an additional 1,979,147 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of QXO by 523.9% during the fourth quarter. JPMorgan Chase & Co. now owns 877,902 shares of the company's stock worth $13,959,000 after purchasing an additional 737,192 shares during the last quarter. Swiss National Bank acquired a new position in QXO in the fourth quarter worth about $10,884,000. Motley Fool Wealth Management LLC acquired a new position in shares of QXO in the 4th quarter worth approximately $8,402,000. Finally, Motley Fool Asset Management LLC acquired a new stake in shares of QXO during the 4th quarter valued at approximately $6,631,000. Institutional investors and hedge funds own 58.68% of the company's stock.
QXO Price Performance
QXO traded down $0.08 during trading hours on Friday, hitting $13.81. 652,834 shares of the stock were exchanged, compared to its average volume of 2,506,821. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The stock has a 50-day simple moving average of $13.38 and a 200-day simple moving average of $14.45. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of -1.51, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27.
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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