Deutsche Bank AG Makes New Investment in QXO, Inc. (NASDAQ:QXO)

Deutsche Bank AG acquired a new position in shares of QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,064 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advyzon Investment Management LLC purchased a new position in shares of QXO during the 4th quarter valued at $527,000. Blair William & Co. IL purchased a new position in shares of QXO during the 4th quarter valued at $229,000. Barclays PLC purchased a new position in shares of QXO during the 4th quarter valued at $1,168,000. Pittenger & Anderson Inc. grew its holdings in shares of QXO by 4,376.7% during the 4th quarter. Pittenger & Anderson Inc. now owns 20,145 shares of the company’s stock valued at $320,000 after acquiring an additional 19,695 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of QXO during the 4th quarter valued at $2,099,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Stock Down 0.4%

QXO stock opened at $17.04 on Monday. The company’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $14.56. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The stock has a market cap of $8.90 billion, a P/E ratio of -1.87, a P/E/G ratio of 4.09 and a beta of 2.27.

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.