Millennium Management LLC lessened its stake in QXO, Inc. (NASDAQ:QXO - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 302,048 shares of the company's stock after selling 112,861 shares during the quarter. Millennium Management LLC owned approximately 0.07% of QXO worth $4,803,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock worth $152,000 after purchasing an additional 3,000 shares during the period. Invesco Ltd. bought a new position in QXO in the fourth quarter worth about $164,000. Entropy Technologies LP acquired a new position in QXO during the 4th quarter valued at approximately $169,000. Wealth Effects LLC bought a new position in QXO during the 4th quarter worth $191,000. Finally, Provident Wealth Management LLC acquired a new stake in QXO in the fourth quarter worth $198,000. 58.68% of the stock is owned by institutional investors.
QXO Stock Performance
Shares of QXO traded down $0.07 during mid-day trading on Friday, reaching $17.04. 7,117,064 shares of the company's stock traded hands, compared to its average volume of 2,884,582. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The stock has a market capitalization of $8.90 billion, a P/E ratio of -1.87, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27. The business's 50-day moving average price is $14.40 and its 200-day moving average price is $14.57.
QXO Company Profile
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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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