Alliancebernstein L.P. Purchases Shares of 16,612 QXO, Inc. (NASDAQ:QXO)

Alliancebernstein L.P. purchased a new position in shares of QXO, Inc. (NASDAQ:QXO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,612 shares of the company’s stock, valued at approximately $264,000.

A number of other large investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in QXO by 45.8% during 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 in the last quarter. Entropy Technologies LP purchased a new position in shares of QXO in the 4th quarter valued at $169,000. Wealth Effects LLC acquired a new position in shares of QXO during the 4th quarter valued at $191,000. Provident Wealth Management LLC acquired a new stake in QXO in the 4th quarter valued at $198,000. Finally, KBC Group NV purchased a new position in QXO in the fourth quarter valued at about $209,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Price Performance

Shares of NASDAQ QXO opened at $12.77 on Tuesday. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 4.09 and a beta of 2.16. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The business has a 50-day moving average of $13.25 and a 200-day moving average of $14.61.

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.