Motley Fool Asset Management LLC Makes New $6.63 Million Investment in QXO, Inc. (NASDAQ:QXO)

Motley Fool Asset Management LLC bought a new position in shares of QXO, Inc. (NASDAQ:QXO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 417,022 shares of the company’s stock, valued at approximately $6,631,000.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of 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 acquiring an additional 3,000 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in QXO in the third quarter worth about $166,000. Entropy Technologies LP bought a new position in shares of QXO during the fourth quarter valued at approximately $169,000. Wexford Capital LP purchased a new position in shares of QXO during the third quarter valued at approximately $189,000. Finally, Wealth Effects LLC bought a new stake in shares of QXO in the 4th quarter worth approximately $191,000. Institutional investors own 58.68% of the company’s stock.

QXO Stock Up 3.9 %

QXO stock opened at $14.73 on Thursday. 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 $6.03 billion, a P/E ratio of -1.62, a PEG ratio of 4.09 and a beta of 2.35. The stock’s 50 day moving average is $13.26 and its 200 day moving average is $14.75.

QXO 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.