QXO, Inc. (NASDAQ:QXO) Shares Sold by Lewis Asset Management LLC

Lewis Asset Management LLC cut its position in QXO, Inc. (NASDAQ:QXO) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,900 shares of the company’s stock after selling 1,000 shares during the period. Lewis Asset Management LLC’s holdings in QXO were worth $173,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA raised its holdings 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 worth $33,000 after purchasing an additional 2,000 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in QXO during the third quarter worth about $41,000. Gainplan LLC acquired a new position in QXO in the third quarter valued at approximately $55,000. SG Americas Securities LLC purchased a new stake in QXO in the 3rd quarter worth approximately $103,000. Finally, Claro Advisors LLC acquired a new position in shares of QXO in the 3rd quarter valued at $111,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

QXO Stock Down 0.0 %

Shares of QXO stock opened at $13.40 on Thursday. The firm has a market cap of $5.48 billion, a PE ratio of 3.42, a P/E/G ratio of 3.50 and a beta of 2.32. The business has a 50-day moving average price of $15.75 and a 200 day moving average price of $19.25. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00.

Insider Buying and Selling at QXO

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.05, for a total transaction of $105,350,000.00. Following the completion of the transaction, the insider now owns 46,908,701 shares of the company’s stock, valued at $705,975,950.05. This trade represents a 12.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 51.30% of the stock is owned by insiders.

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.