Vanguard Group Inc. Increases Holdings in QXO, Inc. (NASDAQ:QXO)

Vanguard Group Inc. boosted its stake in shares of QXO, Inc. (NASDAQ:QXO) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,039,864 shares of the company’s stock after buying an additional 1,979,147 shares during the quarter. Vanguard Group Inc.’s holdings in QXO were worth $159,634,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in QXO. SG Americas Securities LLC increased its position in QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock worth $152,000 after buying an additional 3,000 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of QXO during the 3rd quarter worth $166,000. Entropy Technologies LP purchased a new stake in QXO in the 4th quarter worth about $169,000. Wealth Effects LLC purchased a new stake in QXO during the fourth quarter valued at about $191,000. Finally, Provident Wealth Management LLC purchased a new stake in QXO during the fourth quarter valued at about $198,000. Institutional investors own 58.68% of the company’s stock.

QXO Stock Up 1.3 %

QXO opened at $13.98 on Monday. The firm has a 50-day moving average price of $13.26 and a 200-day moving average price of $14.75. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of -1.53, a PEG ratio of 4.09 and a beta of 2.16.

About QXO

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.