2,064,608 Shares in QXO, Inc. (NASDAQ:QXO) Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA acquired a new position in shares of QXO, Inc. (NASDAQ:QXO) during the third quarter, Holdings Channel.com reports. The fund acquired 2,064,608 shares of the company’s stock, valued at approximately $32,559,000.

A number of other institutional investors have also added to or reduced their stakes in QXO. Allspring Global Investments Holdings LLC purchased a new stake in shares of QXO in the 3rd quarter valued at about $42,593,000. Driehaus Capital Management LLC purchased a new stake in shares of QXO in the 2nd quarter valued at about $160,859,000. Millennium Management LLC purchased a new stake in shares of QXO in the 2nd quarter valued at about $159,247,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of QXO in the 3rd quarter valued at about $934,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of QXO in the 3rd quarter valued at about $622,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

QXO Trading Up 2.5 %

NASDAQ:QXO opened at $17.46 on Tuesday. The firm has a 50-day simple moving average of $15.34. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00. The stock has a market cap of $7.15 billion, a PE ratio of -1.91, a P/E/G ratio of 2.66 and a beta of 2.32.

Insider Buying and Selling at QXO

In related news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the firm’s 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 transaction, the insider now directly owns 46,908,701 shares of the company’s stock, valued at approximately $705,975,950.05. This trade represents a 12.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.