Meridian Wealth Management LLC Invests $841,000 in QXO, Inc. (NASDAQ:QXO)

Meridian Wealth Management LLC acquired a new stake in QXO, Inc. (NASDAQ:QXO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 53,325 shares of the company’s stock, valued at approximately $841,000.

A number of other large investors have also recently bought and sold shares of the business. Compagnie Lombard Odier SCmA lifted its position in shares of QXO by 2,000.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock worth $33,000 after buying an additional 2,000 shares during the last quarter. Gainplan LLC acquired a new stake in QXO in the 3rd quarter worth approximately $55,000. Renaissance Technologies LLC bought a new stake in QXO during the second quarter worth approximately $432,000. SG Americas Securities LLC acquired a new position in QXO during the third quarter valued at approximately $103,000. Finally, Claro Advisors LLC bought a new position in shares of QXO in the third quarter valued at approximately $111,000. 58.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at QXO

In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of QXO 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 transaction, the insider now directly owns 46,908,701 shares of the company’s stock, valued at $705,975,950.05. The trade was a 12.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 51.30% of the company’s stock.

QXO Trading Up 2.4 %

NASDAQ QXO opened at $17.04 on Friday. QXO, Inc. has a 1 year low of $10.61 and a 1 year high of $290.00. The business’s fifty day moving average price is $15.26. The company has a market cap of $6.98 billion, a P/E ratio of -1.87, a P/E/G ratio of 2.60 and a beta of 2.32.

QXO Company 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.