Truist Financial Corp Has $1.37 Million Holdings in QXO, Inc. (NASDAQ:QXO)

Truist Financial Corp raised its position in QXO, Inc. (NASDAQ:QXO) by 20.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,900 shares of the company’s stock after buying an additional 14,297 shares during the period. Truist Financial Corp’s holdings in QXO were worth $1,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of QXO in the third quarter worth about $934,000. Diversify Wealth Management LLC bought a new position in shares of QXO in the third quarter worth about $156,000. Lewis Asset Management LLC bought a new position in shares of QXO in the third quarter worth about $188,000. Verdence Capital Advisors LLC bought a new position in shares of QXO in the third quarter worth about $203,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of QXO in the third quarter worth about $442,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

QXO Trading Up 3.4 %

Shares of NASDAQ QXO opened at $12.73 on Friday. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The company has a market cap of $5.21 billion, a PE ratio of -1.40, a P/E/G ratio of 4.09 and a beta of 2.28. The company has a 50-day moving average of $14.13 and a two-hundred day moving average of $14.79.

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.