1,030,135 Shares in QXO, Inc. (NASDAQ:QXO) Purchased by State Street Corp

State Street Corp acquired a new stake in shares of QXO, Inc. (NASDAQ:QXO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,030,135 shares of the company’s stock, valued at approximately $16,245,000. State Street Corp owned approximately 0.25% of QXO as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Stifel Financial Corp bought a new stake in shares of QXO in the 3rd quarter valued at approximately $568,000. Point72 Asset Management L.P. bought a new stake in QXO during the third quarter valued at $2,912,000. Hauser Brothers GmbH bought a new stake in QXO during the third quarter valued at $1,577,000. HighTower Advisors LLC acquired a new stake in shares of QXO during the third quarter worth $1,492,000. Finally, Concentric Capital Strategies LP bought a new position in shares of QXO in the 3rd quarter worth about $1,693,000. Institutional investors own 58.68% of the company’s stock.

QXO Trading Up 3.6 %

Shares of NASDAQ:QXO opened at $15.68 on Wednesday. The company has a market cap of $6.42 billion, a P/E ratio of -1.72 and a beta of 2.32. QXO, Inc. has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The firm’s 50-day simple moving average is $15.99.

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 value of $105,350,000.00. Following the sale, the insider now directly owns 46,908,701 shares of the company’s stock, valued at $705,975,950.05. This trade represents a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 51.30% of the stock is currently owned by insiders.

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.