QXO, Inc. (NASDAQ:QXO) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its holdings in QXO, Inc. (NASDAQ:QXO) by 209.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 571,547 shares of the company’s stock after purchasing an additional 386,911 shares during the period. Point72 Asset Management L.P. owned about 0.14% of QXO worth $9,088,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Summit Trail Advisors LLC increased its stake in QXO by 1.3% in the 4th quarter. Summit Trail Advisors LLC now owns 115,967 shares of the company’s stock worth $1,844,000 after purchasing an additional 1,497 shares in the last quarter. Wellington Shields & Co. LLC increased its position in shares of QXO by 2.0% in the fourth quarter. Wellington Shields & Co. LLC now owns 75,000 shares of the company’s stock worth $1,192,000 after acquiring an additional 1,500 shares in the last quarter. SG Americas Securities LLC increased its position in shares of QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock worth $152,000 after acquiring an additional 3,000 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of QXO by 23.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 15,908 shares of the company’s stock valued at $253,000 after acquiring an additional 3,050 shares during the period. Finally, Simon Quick Advisors LLC lifted its position in shares of QXO by 24.0% in the 4th quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company’s stock valued at $252,000 after acquiring an additional 3,064 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors.

QXO Stock Performance

QXO stock opened at $16.83 on Monday. QXO, Inc. has a 52 week low of $10.61 and a 52 week high of $290.00. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of -1.85, a P/E/G ratio of 4.09 and a beta of 2.27. The company has a 50 day moving average price of $13.66 and a 200 day moving average price of $14.45.

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.