QXO, Inc. (NASDAQ:QXO) Shares Sold by LPL Financial LLC

LPL Financial LLC lowered its holdings in QXO, Inc. (NASDAQ:QXO) by 36.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,199 shares of the company’s stock after selling 20,939 shares during the period. LPL Financial LLC’s holdings in QXO were worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QXO. KLP Kapitalforvaltning AS bought a new stake in QXO during the fourth quarter worth approximately $1,121,000. Settian Capital LP bought a new stake in shares of QXO during the 4th quarter worth $2,067,000. Investment House LLC acquired a new position in shares of QXO in the 4th quarter worth $706,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of QXO during the fourth quarter worth $438,000. Finally, Capital Management Associates NY acquired a new position in shares of QXO in the fourth quarter worth about $398,000. 58.68% of the stock is currently owned by institutional investors.

QXO Stock Performance

NASDAQ QXO opened at $12.48 on Thursday. 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 $5.11 billion, a price-to-earnings ratio of -1.37, a PEG ratio of 4.09 and a beta of 2.16. The firm’s 50 day moving average price is $13.21 and its two-hundred day moving average price is $14.58.

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.