Virtu Financial LLC Makes New $392,000 Investment in QXO, Inc. (NASDAQ:QXO)

Virtu Financial LLC bought a new stake in QXO, Inc. (NASDAQ:QXO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,872 shares of the company’s stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds also recently modified their holdings of QXO. Geode Capital Management LLC grew its position in QXO by 64,992.4% during the third quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company’s stock valued at $45,019,000 after buying an additional 2,849,269 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of QXO during the 3rd quarter valued at approximately $326,000. Orion Portfolio Solutions LLC purchased a new stake in shares of QXO during the 3rd quarter worth approximately $963,000. Empirical Capital Management LLC bought a new stake in shares of QXO in the 3rd quarter worth approximately $473,000. Finally, Wexford Capital LP purchased a new position in QXO in the third quarter valued at approximately $189,000. 58.68% of the stock is owned by hedge funds and other institutional investors.

QXO Trading Up 5.1 %

Shares of NASDAQ QXO opened at $16.96 on Tuesday. The firm’s fifty day moving average price is $15.87. QXO, Inc. has a 1-year low of $10.61 and a 1-year high of $290.00. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of -1.77 and a beta of 2.32.

Insider Transactions at QXO

In related news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 46,908,701 shares in the company, 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 is accessible through this hyperlink. 51.30% of the stock is owned by corporate 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.