Advyzon Investment Management LLC Buys Shares of 33,147 QXO, Inc. (NASDAQ:QXO)

Advyzon Investment Management LLC bought a new stake in shares of QXO, Inc. (NASDAQ:QXO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 33,147 shares of the company’s stock, valued at approximately $527,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Truist Financial Corp boosted its position in shares of QXO by 20.0% in the fourth quarter. Truist Financial Corp now owns 85,900 shares of the company’s stock worth $1,366,000 after purchasing an additional 14,297 shares during the period. Pittenger & Anderson Inc. boosted its position in shares of QXO by 4,376.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 20,145 shares of the company’s stock worth $320,000 after purchasing an additional 19,695 shares during the period. State of New Jersey Common Pension Fund D bought a new position in shares of QXO in the fourth quarter worth approximately $2,099,000. Rhumbline Advisers boosted its position in shares of QXO by 337.5% in the fourth quarter. Rhumbline Advisers now owns 21,000 shares of the company’s stock worth $334,000 after purchasing an additional 16,200 shares during the period. Finally, Summit Trail Advisors LLC boosted its position in shares of QXO by 1.3% in the fourth quarter. Summit Trail Advisors LLC now owns 115,967 shares of the company’s stock worth $1,844,000 after purchasing an additional 1,497 shares during the period. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Price Performance

QXO opened at $13.08 on Thursday. The firm has a market cap of $5.35 billion, a P/E ratio of 3.26, a PEG ratio of 4.17 and a beta of 2.27. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The company has a 50 day simple moving average of $14.65 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.