Neuberger Berman Group LLC Invests $8.85 Million in QXO, Inc. (NASDAQ:QXO)

Neuberger Berman Group LLC bought a new stake in shares of QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 556,600 shares of the company’s stock, valued at approximately $8,850,000. Neuberger Berman Group LLC owned 0.14% of QXO as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QXO. BNP Paribas Financial Markets acquired a new position in shares of QXO during the third quarter worth $166,000. HighTower Advisors LLC purchased a new stake in QXO during the 3rd quarter worth $1,492,000. Stifel Financial Corp acquired a new position in QXO in the 3rd quarter worth $568,000. State Street Corp purchased a new position in QXO in the 3rd quarter valued at about $16,245,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of QXO during the third quarter valued at about $963,000. 58.68% of the stock is owned by institutional investors and hedge funds.

QXO Stock Performance

NASDAQ:QXO opened at $13.21 on Friday. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of -1.45, a price-to-earnings-growth ratio of 4.09 and a beta of 2.16. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00. The business’s 50-day simple moving average is $13.24 and its 200 day simple moving average is $14.67.

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.