Point72 Asset Management L.P. bought a new stake in QXO, Inc. (NASDAQ:QXO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 184,636 shares of the company's stock, valued at approximately $2,912,000.
Several other large investors have also recently bought and sold shares of QXO. Compagnie Lombard Odier SCmA lifted its stake in QXO by 2,000.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company's stock valued at $33,000 after purchasing an additional 2,000 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of QXO in the 3rd quarter valued at $41,000. Gainplan LLC purchased a new position in QXO in the 3rd quarter worth about $55,000. Renaissance Technologies LLC acquired a new stake in QXO during the 2nd quarter worth about $432,000. Finally, SG Americas Securities LLC purchased a new stake in QXO during the third quarter valued at about $103,000. Institutional investors and hedge funds own 58.68% of the company's stock.
Insiders Place Their Bets
In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now owns 46,908,701 shares in the company, valued at approximately $705,975,950.05. This represents a 12.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 51.30% of the company's stock.
QXO Stock Up 1.6 %
Shares of QXO stock traded up $0.26 during trading on Tuesday, hitting $16.42. The stock had a trading volume of 960,671 shares, compared to its average volume of 1,142,817. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00. The stock's 50 day simple moving average is $15.71. The stock has a market cap of $6.72 billion, a P/E ratio of -1.77 and a beta of 2.32.
About QXO
(
Free Report)
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.
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