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

Allspring Global Investments Holdings LLC trimmed its stake in shares of QXO, Inc. (NASDAQ:QXO) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,685,969 shares of the company’s stock after selling 14,897 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in QXO were worth $42,707,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of QXO during the third quarter worth $103,000. Claro Advisors LLC acquired a new stake in shares of QXO during the 3rd quarter worth about $111,000. Jade Capital Advisors LLC purchased a new stake in QXO during the third quarter worth approximately $473,000. Wealth Enhancement Advisory Services LLC purchased a new position in QXO in the third quarter valued at approximately $934,000. Finally, Carret Asset Management LLC acquired a new stake in QXO during the third quarter worth approximately $164,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Trading Down 0.6 %

Shares of QXO stock opened at $13.18 on Friday. The company has a fifty day simple moving average of $14.92 and a 200-day simple moving average of $15.04. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of -1.44, a PEG ratio of 3.39 and a beta of 2.27. QXO, Inc. has a 12-month low of $10.61 and a 12-month high of $290.00.

QXO 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.