QXO, Inc. (NASDAQ:QXO) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of QXO, Inc. (NASDAQ:QXO - Free Report) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 929,900 shares of the company's stock after selling 293,000 shares during the period. Renaissance Technologies LLC owned 0.23% of QXO worth $14,785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QXO. SG Americas Securities LLC increased its position 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 buying an additional 3,000 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of QXO during the fourth quarter valued at $164,000. BNP Paribas Financial Markets purchased a new stake in QXO during the 3rd quarter worth about $166,000. Entropy Technologies LP acquired a new position in QXO in the 4th quarter valued at about $169,000. Finally, Wealth Effects LLC acquired a new position in QXO in the 4th quarter valued at about $191,000. Hedge funds and other institutional investors own 58.68% of the company's stock.

QXO Trading Down 7.7 %

Shares of QXO stock traded down $1.10 during mid-day trading on Friday, hitting $13.17. 20,577,115 shares of the stock were exchanged, compared to its average volume of 2,330,822. The company has a 50-day simple moving average of $13.26 and a 200 day simple moving average of $14.62. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of -1.44, a price-to-earnings-growth ratio of 4.09 and a beta of 2.16. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00.

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.