Claro Advisors LLC Sells 3,500 Shares of QXO, Inc. (NASDAQ:QXO)

Claro Advisors LLC lessened its holdings in QXO, Inc. (NASDAQ:QXO) by 9.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,282 shares of the company’s stock after selling 3,500 shares during the period. Claro Advisors LLC’s holdings in QXO were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Tilia Fiduciary Partners Inc. bought a new position in shares of QXO in the 4th quarter worth approximately $257,000. JPMorgan Chase & Co. bought a new position in shares of QXO in the 3rd quarter worth approximately $2,219,000. Virtu Financial LLC bought a new position in shares of QXO in the 3rd quarter worth approximately $392,000. Geode Capital Management LLC lifted its stake in shares of QXO by 64,992.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock worth $45,019,000 after purchasing an additional 2,849,269 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in QXO during the 3rd quarter worth approximately $326,000. Institutional investors own 58.68% of the company’s stock.

QXO Stock Performance

NASDAQ QXO opened at $15.36 on Tuesday. QXO, Inc. has a 12 month low of $10.61 and a 12 month high of $290.00. The company has a market cap of $6.29 billion, a PE ratio of -1.68 and a beta of 2.32. The business’s 50 day moving average price is $16.11.

Insiders Place Their Bets

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $15.05, for a total transaction of $105,350,000.00. Following the sale, the insider now owns 46,908,701 shares in the company, valued at approximately $705,975,950.05. This trade represents a 12.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 51.30% of the stock is owned by company insiders.

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.