Provident Wealth Management LLC Invests $198,000 in QXO, Inc. (NASDAQ:QXO)

Provident Wealth Management LLC acquired a new position in shares of QXO, Inc. (NASDAQ:QXO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,461 shares of the company’s stock, valued at approximately $198,000.

Several other large investors have also recently bought and sold shares of QXO. Brown Brothers Harriman & Co. purchased a new stake in shares of QXO during the 3rd quarter worth approximately $41,000. SG Americas Securities LLC grew its holdings in QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after purchasing an additional 3,000 shares during the last quarter. Deltec Asset Management LLC purchased a new position in shares of QXO in the third quarter valued at $158,000. Diversify Wealth Management LLC acquired a new position in shares of QXO during the 3rd quarter worth $156,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of QXO in the 3rd quarter worth about $166,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Trading Down 1.8 %

Shares of NASDAQ QXO opened at $12.05 on Wednesday. The company’s 50-day moving average price is $14.34 and its 200 day moving average price is $14.81. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of -1.32, a PEG ratio of 4.09 and a beta of 2.28.

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.