Point72 Asset Management L.P. Purchases 386,911 Shares of QXO, Inc. (NASDAQ:QXO)

Point72 Asset Management L.P. grew its holdings in QXO, Inc. (NASDAQ:QXO - Free Report) by 209.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 571,547 shares of the company's stock after acquiring an additional 386,911 shares during the period. Point72 Asset Management L.P. owned about 0.14% of QXO worth $9,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. SG Americas Securities LLC increased its stake in 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 acquiring an additional 3,000 shares during the last quarter. Invesco Ltd. bought a new position in shares of QXO during the fourth quarter valued at approximately $164,000. Entropy Technologies LP bought a new position in shares of QXO during the fourth quarter valued at approximately $169,000. Wealth Effects LLC bought a new position in shares of QXO during the fourth quarter valued at approximately $191,000. Finally, Provident Wealth Management LLC bought a new position in shares of QXO during the fourth quarter valued at approximately $198,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Price Performance

Shares of QXO traded down $0.01 during mid-day trading on Friday, reaching $16.81. 11,426,734 shares of the company's stock traded hands, compared to its average volume of 2,812,027. The stock has a market cap of $7.52 billion, a P/E ratio of -1.84, a P/E/G ratio of 4.09 and a beta of 2.27. The stock's 50-day moving average is $14.11 and its two-hundred day moving average is $14.54. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00.

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.