Motley Fool Asset Management LLC Takes $6.63 Million Position in QXO, Inc. (NASDAQ:QXO)

Motley Fool Asset Management LLC bought a new position in QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 417,022 shares of the company’s stock, valued at approximately $6,631,000. Motley Fool Asset Management LLC owned about 0.10% of QXO as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in QXO by 24.6% in the 4th quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company’s stock worth $159,634,000 after acquiring an additional 1,979,147 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of QXO by 64,992.4% during the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock worth $45,019,000 after purchasing an additional 2,849,269 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of QXO by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,544,224 shares of the company’s stock worth $24,553,000 after purchasing an additional 14,073 shares during the last quarter. Tsai Capital Corp increased its holdings in QXO by 6.3% during the 4th quarter. Tsai Capital Corp now owns 1,275,007 shares of the company’s stock valued at $20,273,000 after purchasing an additional 75,007 shares during the period. Finally, State Street Corp bought a new position in QXO during the 3rd quarter valued at approximately $16,245,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Stock Performance

NASDAQ QXO opened at $14.73 on Thursday. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The stock has a market cap of $6.03 billion, a P/E ratio of -1.62, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35. The stock has a 50 day simple moving average of $13.26 and a two-hundred day simple moving average of $14.75.

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.