Diversify Wealth Management LLC Makes New $156,000 Investment in QXO, Inc. (NASDAQ:QXO)

Diversify Wealth Management LLC bought a new stake in shares of QXO, Inc. (NASDAQ:QXO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,333 shares of the company’s stock, valued at approximately $156,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Compagnie Lombard Odier SCmA lifted its holdings in QXO by 2,000.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock valued at $33,000 after buying an additional 2,000 shares in the last quarter. Gainplan LLC purchased a new position in shares of QXO during the third quarter worth approximately $55,000. SG Americas Securities LLC bought a new stake in shares of QXO during the third quarter valued at approximately $103,000. Claro Advisors LLC purchased a new stake in shares of QXO in the third quarter valued at approximately $111,000. Finally, Deltec Asset Management LLC bought a new position in QXO in the third quarter worth approximately $158,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other QXO news, major shareholder Mfn Partners, Lp sold 795,894 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $15.05, for a total transaction of $11,978,204.70. Following the completion of the sale, the insider now owns 53,908,701 shares in the company, valued at $811,325,950.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 90.60% of the company’s stock.

QXO Trading Up 0.2 %

Shares of NASDAQ QXO opened at $15.25 on Friday. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00. The company has a market cap of $6.24 billion, a price-to-earnings ratio of -1.24, a PEG ratio of 2.35 and a beta of 2.31. The firm’s fifty day moving average price is $14.81.

QXO (NASDAQ:QXO) last released its quarterly earnings data on Wednesday, August 14th. The company reported $3.22 earnings per share for the quarter. The company had revenue of $14.54 million during the quarter. QXO had a negative net margin of 3.75% and a positive return on equity of 0.51%. On average, equities research analysts anticipate that QXO, Inc. will post 0.32 earnings per share for the current year.

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.