Oppenheimer & Co. Inc. Invests $442,000 in QXO, Inc. (NASDAQ:QXO)

Oppenheimer & Co. Inc. purchased a new position in QXO, Inc. (NASDAQ:QXO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,010 shares of the company’s stock, valued at approximately $442,000.

Other institutional investors also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA increased its stake in shares of QXO by 2,000.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock valued at $33,000 after buying an additional 2,000 shares during the period. Gainplan LLC purchased a new position in QXO during the 3rd quarter valued at about $55,000. Renaissance Technologies LLC bought a new stake in shares of QXO in the 2nd quarter valued at about $432,000. SG Americas Securities LLC purchased a new stake in shares of QXO in the 3rd quarter worth approximately $103,000. Finally, Claro Advisors LLC purchased a new stake in shares of QXO in the 3rd quarter worth approximately $111,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Stock Performance

Shares of QXO stock opened at $16.64 on Friday. The stock has a market cap of $6.81 billion, a P/E ratio of -1.75, a P/E/G ratio of 2.48 and a beta of 2.32. The stock has a 50 day moving average price of $15.18. QXO, Inc. has a 52-week low of $10.61 and a 52-week high of $290.00.

Insiders Place Their Bets

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of QXO stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.05, for a total transaction of $105,350,000.00. Following the completion of the sale, the insider now owns 46,908,701 shares of the company’s stock, valued at approximately $705,975,950.05. The trade was a 12.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 51.30% of the company’s stock.

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.