16,181 Shares in QXO, Inc. (NASDAQ:QXO) Purchased by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. acquired a new position in shares of QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,181 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds have also bought and sold shares of QXO. Compagnie Lombard Odier SCmA increased 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 valued at $33,000 after purchasing an additional 2,000 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in QXO during the 3rd quarter valued at approximately $41,000. Gainplan LLC purchased a new position in QXO during the third quarter valued at $55,000. Renaissance Technologies LLC bought a new stake in QXO in the second quarter worth $432,000. Finally, SG Americas Securities LLC purchased a new stake in shares of QXO in the third quarter worth $103,000. Institutional investors own 58.68% of the company’s stock.

QXO Trading Up 2.4 %

Shares of NASDAQ:QXO traded up $0.37 on Friday, hitting $15.65. 847,240 shares of the company traded hands, compared to its average volume of 1,807,377. The company has a market capitalization of $6.41 billion, a P/E ratio of -1.72 and a beta of 2.32. The business has a 50 day moving average price of $16.10. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00.

Insider Buying and Selling at QXO

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $15.05, for a total transaction of $105,350,000.00. Following the sale, the insider now directly owns 46,908,701 shares in the company, valued at approximately $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 accessible through this hyperlink. 51.30% of the stock is owned by company insiders.

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.