State Street Corp Takes $16.25 Million Position in QXO, Inc. (NASDAQ:QXO)

State Street Corp bought a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,030,135 shares of the company's stock, valued at approximately $16,245,000. State Street Corp owned about 0.25% of QXO as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA raised its stake in shares of QXO by 2,000.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company's stock worth $33,000 after purchasing an additional 2,000 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in QXO during the 3rd quarter worth $41,000. Gainplan LLC acquired a new stake in shares of QXO in the 3rd quarter worth $55,000. SG Americas Securities LLC purchased a new stake in shares of QXO in the third quarter valued at about $103,000. Finally, Claro Advisors LLC acquired a new position in shares of QXO during the third quarter worth about $111,000. 58.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at QXO

In other news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.05, for a total value of $105,350,000.00. Following the completion of the transaction, the insider now owns 46,908,701 shares in the company, valued at $705,975,950.05. This trade represents a 12.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 51.30% of the company's stock.

QXO Trading Up 3.6 %

NASDAQ QXO traded up $0.55 during trading hours on Wednesday, hitting $15.68. 707,523 shares of the stock were exchanged, compared to its average volume of 1,185,140. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The stock has a 50-day moving average of $16.00. The company has a market cap of $6.42 billion, a P/E ratio of -1.72 and a beta of 2.32.

QXO 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.