Northern Trust Corp Increases Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Northern Trust Corp grew its position in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,154,661 shares of the technology company's stock after acquiring an additional 87,966 shares during the quarter. Northern Trust Corp owned about 0.75% of eXp World worth $13,290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of eXp World by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company's stock valued at $4,741,000 after acquiring an additional 11,588 shares during the period. Pacer Advisors Inc. bought a new position in shares of eXp World in the fourth quarter worth about $60,767,000. Raymond James Financial Inc. bought a new position in shares of eXp World in the fourth quarter worth about $1,134,000. Baring Financial LLC bought a new position in shares of eXp World in the fourth quarter worth about $5,222,000. Finally, Barclays PLC grew its holdings in shares of eXp World by 27.8% in the third quarter. Barclays PLC now owns 144,758 shares of the technology company's stock worth $2,040,000 after purchasing an additional 31,509 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company's stock.

Insider Buying and Selling at eXp World

In related news, CEO Glenn Darrel Sanford sold 20,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $9.80, for a total value of $196,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,783,400 shares in the company, valued at $389,877,320. The trade was a 0.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 300,000 shares of company stock worth $2,864,350. Company insiders own 27.96% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a "neutral" rating and issued a $13.50 price target on shares of eXp World in a report on Friday, February 21st.

eXp World Stock Performance

EXPI stock traded up $0.04 during trading on Monday, reaching $8.04. The company had a trading volume of 1,141,061 shares, compared to its average volume of 1,064,439. The firm has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $10.96. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -57.42 and a beta of 2.66. eXp World Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $15.39.

eXp World (NASDAQ:EXPI - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The company had revenue of $954.91 million during the quarter, compared to analyst estimates of $994.83 million. During the same quarter last year, the business earned ($0.02) earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts expect that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.49%. The ex-dividend date is Monday, May 19th. eXp World's payout ratio is -181.82%.

About eXp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.