Gainplan LLC Grows Stake in QXO, Inc. (NASDAQ:QXO)

Gainplan LLC increased its holdings in QXO, Inc. (NASDAQ:QXO - Free Report) by 5,365.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 191,280 shares of the company's stock after purchasing an additional 187,780 shares during the quarter. QXO makes up 1.2% of Gainplan LLC's investment portfolio, making the stock its 11th biggest holding. Gainplan LLC's holdings in QXO were worth $3,041,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of QXO. Compagnie Lombard Odier SCmA grew its stake in shares of QXO by 2,000.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company's stock valued at $33,000 after buying an additional 2,000 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in QXO in the third quarter valued at approximately $41,000. Renaissance Technologies LLC acquired a new stake in QXO in the second quarter valued at approximately $432,000. SG Americas Securities LLC acquired a new position in shares of QXO during the third quarter worth approximately $103,000. Finally, Claro Advisors LLC bought a new position in shares of QXO in the 3rd quarter worth $111,000. 58.68% of the stock is owned by institutional investors.

QXO Price Performance

QXO traded up $0.01 during mid-day trading on Tuesday, reaching $15.37. 906,802 shares of the stock were exchanged, compared to its average volume of 1,558,538. The business has a 50 day moving average of $16.11. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00. The stock has a market capitalization of $6.29 billion, a PE ratio of -1.69 and a beta of 2.32.

Insider Buying and Selling at QXO

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.05, for a total value of $105,350,000.00. Following the sale, the insider now directly owns 46,908,701 shares in the company, valued at $705,975,950.05. The trade was a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 51.30% of the company's stock.

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.