Alyeska Investment Group L.P. Cuts Stock Holdings in QXO, Inc. (NASDAQ:QXO)

Alyeska Investment Group L.P. reduced its position in QXO, Inc. (NASDAQ:QXO - Free Report) by 87.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,491 shares of the company's stock after selling 1,357,140 shares during the period. Alyeska Investment Group L.P.'s holdings in QXO were worth $3,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in QXO in the 3rd quarter worth $2,219,000. Tilia Fiduciary Partners Inc. purchased a new stake in shares of QXO during the 4th quarter worth approximately $257,000. Gainplan LLC grew its holdings in shares of QXO by 5,365.1% in the fourth quarter. Gainplan LLC now owns 191,280 shares of the company's stock valued at $3,041,000 after purchasing an additional 187,780 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in QXO in the fourth quarter worth $272,000. Finally, Simon Quick Advisors LLC raised its stake in QXO by 24.0% during the fourth quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company's stock valued at $252,000 after purchasing an additional 3,064 shares in the last quarter. Hedge funds and other institutional investors own 58.68% of the company's stock.

QXO Price Performance

Shares of QXO stock traded up $0.16 during trading hours on Monday, reaching $14.03. The company's stock had a trading volume of 863,484 shares, compared to its average volume of 3,231,811. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00. The firm has a 50 day moving average price of $13.40 and a 200-day moving average price of $14.43. The stock has a market cap of $6.27 billion, a P/E ratio of -1.54, a P/E/G ratio of 4.09 and a beta of 2.27.

About QXO

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.