Deltec Asset Management LLC Purchases 32,000 Shares of QXO, Inc. (NASDAQ:QXO)

Deltec Asset Management LLC raised its holdings in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 320.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,000 shares of the company's stock after purchasing an additional 32,000 shares during the period. Deltec Asset Management LLC's holdings in QXO were worth $668,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA grew its position 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 acquiring an additional 2,000 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in QXO in the 3rd quarter worth about $41,000. SG Americas Securities LLC acquired a new stake in shares of QXO in the third quarter valued at approximately $103,000. Claro Advisors LLC bought a new stake in shares of QXO during the third quarter valued at approximately $111,000. Finally, Diversify Wealth Management LLC acquired a new position in shares of QXO during the third quarter worth approximately $156,000. Institutional investors own 58.68% of the company's stock.

QXO Trading Down 2.1 %

QXO traded down $0.29 during trading hours on Friday, hitting $13.26. The company's stock had a trading volume of 1,660,500 shares, compared to its average volume of 1,830,179. The company has a 50-day simple moving average of $15.23 and a 200 day simple moving average of $16.77. The firm has a market capitalization of $5.43 billion, a PE ratio of -1.45, a PEG ratio of 3.39 and a beta of 2.27. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00.

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.