Swedbank AB Takes $795,000 Position in QXO, Inc. (NASDAQ:QXO)

Swedbank AB bought a new position in shares of QXO, Inc. (NASDAQ:QXO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company’s stock, valued at approximately $795,000.

Other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA boosted its stake in shares of QXO by 2,000.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock worth $33,000 after acquiring an additional 2,000 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of QXO during the 3rd quarter valued at approximately $41,000. Renaissance Technologies LLC purchased a new stake in QXO in the 2nd quarter worth $432,000. SG Americas Securities LLC acquired a new position in QXO during the third quarter worth $103,000. Finally, Claro Advisors LLC purchased a new position in QXO during the third quarter valued at $111,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Stock Down 0.9 %

QXO stock opened at $13.30 on Monday. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The firm has a 50-day simple moving average of $15.56 and a 200-day simple moving average of $18.65. The stock has a market capitalization of $5.45 billion, a P/E ratio of -1.46, a P/E/G ratio of 3.35 and a beta of 2.32.

Insiders Place Their Bets

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of QXO stock in a transaction 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 of the company’s stock, valued at $705,975,950.05. The trade was a 12.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.