Motley Fool Wealth Management LLC Purchases New Stake in QXO, Inc. (NASDAQ:QXO)

Motley Fool Wealth Management LLC bought a new stake in QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 532,753 shares of the company’s stock, valued at approximately $8,402,000. Motley Fool Wealth Management LLC owned 0.13% of QXO as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of QXO during the 3rd quarter worth approximately $41,000. SG Americas Securities LLC boosted its holdings 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 valued at $152,000 after purchasing an additional 3,000 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of QXO in the 3rd quarter valued at $166,000. Entropy Technologies LP acquired a new position in shares of QXO during the 4th quarter worth $169,000. Finally, Wexford Capital LP acquired a new stake in QXO in the third quarter valued at about $189,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

QXO Price Performance

QXO stock opened at $13.82 on Wednesday. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of -1.52, a P/E/G ratio of 4.09 and a beta of 2.35. The company has a 50 day simple moving average of $13.27 and a 200 day simple moving average of $14.80. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00.

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.