39,437 Shares in eXp World Holdings, Inc. (NASDAQ:EXPI) Acquired by Federated Hermes Inc.

Federated Hermes Inc. purchased a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 39,437 shares of the technology company's stock, valued at approximately $454,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new position in eXp World in the fourth quarter valued at about $60,767,000. Baring Financial LLC purchased a new position in eXp World in the 4th quarter valued at approximately $5,222,000. Vanguard Group Inc. raised its holdings in eXp World by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company's stock worth $140,834,000 after purchasing an additional 208,920 shares during the last quarter. JPMorgan Chase & Co. boosted its position in eXp World by 39.7% during the fourth quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company's stock worth $8,369,000 after purchasing an additional 206,677 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of eXp World in the fourth quarter valued at $1,954,000. Institutional investors and hedge funds own 27.17% of the company's stock.

eXp World Stock Up 5.7 %

Shares of eXp World stock traded up $0.50 during trading on Wednesday, hitting $9.30. 297,340 shares of the company were exchanged, compared to its average volume of 1,039,329. eXp World Holdings, Inc. has a fifty-two week low of $8.54 and a fifty-two week high of $15.39. The firm has a 50 day moving average price of $9.82 and a 200 day moving average price of $11.54. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -66.42 and a beta of 2.44.

eXp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. Analysts predict that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.15%. eXp World's dividend payout ratio is currently -142.86%.

Analyst Upgrades and Downgrades

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

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $10.94, for a total value of $273,500.00. Following the completion of the sale, the chief executive officer now owns 39,993,400 shares of the company's stock, valued at $437,527,796. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 305,000 shares of company stock worth $3,106,850 over the last ninety days. 27.96% of the stock is currently owned by corporate insiders.

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.