Amundi Boosts Stock Holdings in QXO, Inc. (NASDAQ:QXO)

Amundi increased its position in shares of QXO, Inc. (NASDAQ:QXO) by 174.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 565,583 shares of the company’s stock after buying an additional 359,780 shares during the quarter. Amundi’s holdings in QXO were worth $8,642,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of QXO during the 3rd quarter worth about $41,000. SG Americas Securities LLC raised its holdings in QXO by 45.8% in the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock worth $152,000 after purchasing an additional 3,000 shares during the period. BNP Paribas Financial Markets purchased a new position in QXO during the third quarter worth approximately $166,000. Entropy Technologies LP acquired a new stake in QXO in the fourth quarter valued at approximately $169,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of QXO in the third quarter valued at approximately $186,000. Institutional investors and hedge funds own 58.68% of the company’s stock.

QXO Price Performance

Shares of QXO stock opened at $12.81 on Friday. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The company has a market cap of $5.24 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 4.09 and a beta of 2.35. The stock has a 50 day simple moving average of $13.60 and a 200-day simple moving average of $14.81.

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.