QXO, Inc. (NASDAQ:QXO) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of QXO, Inc. (NASDAQ:QXO) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,685,969 shares of the company’s stock after selling 14,897 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.66% of QXO worth $42,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of QXO during the third quarter valued at about $2,219,000. Finepoint Capital LP purchased a new stake in QXO in the third quarter valued at approximately $406,090,000. State Street Corp acquired a new position in QXO during the third quarter worth $16,245,000. Summit Trail Advisors LLC acquired a new position in QXO during the third quarter worth $1,805,000. Finally, Stifel Financial Corp purchased a new position in shares of QXO during the third quarter worth $568,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Trading Down 0.6 %

QXO stock opened at $13.18 on Friday. The business’s fifty day moving average price is $14.92 and its 200 day moving average price is $15.04. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00. The company has a market capitalization of $5.39 billion, a PE ratio of -1.44, a P/E/G ratio of 3.39 and a beta of 2.27.

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.