Tilia Fiduciary Partners Inc. Buys New Shares in QXO, Inc. (NASDAQ:QXO)

Tilia Fiduciary Partners Inc. purchased a new stake in shares of QXO, Inc. (NASDAQ:QXO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,181 shares of the company’s stock, valued at approximately $257,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA grew its holdings in QXO by 2,000.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock worth $33,000 after acquiring an additional 2,000 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of QXO during the third quarter worth about $41,000. Gainplan LLC bought a new stake in shares of QXO in the third quarter worth about $55,000. SG Americas Securities LLC purchased a new position in QXO during the 3rd quarter valued at about $103,000. Finally, Claro Advisors LLC bought a new position in QXO during the 3rd quarter valued at approximately $111,000. 58.68% of the stock is owned by institutional investors.

Insider Activity at QXO

In other news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.05, for a total value 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 approximately $705,975,950.05. This represents a 12.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 51.30% of the stock is currently owned by company insiders.

QXO Price Performance

Shares of QXO stock traded up $0.37 during trading hours on Friday, reaching $15.65. The company’s stock had a trading volume of 847,240 shares, compared to its average volume of 1,807,377. The company has a market capitalization of $6.41 billion, a PE ratio of -1.72 and a beta of 2.32. The business’s fifty day moving average is $16.10. QXO, Inc. has a one year low of $10.61 and a one year high of $290.00.

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.