Bank of America Corp DE reduced its position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 56.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 617,256 shares of the technology company's stock after selling 798,011 shares during the period. Bank of America Corp DE owned about 0.40% of eXp World worth $7,105,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of eXp World by 27.8% during the third quarter. Barclays PLC now owns 144,758 shares of the technology company's stock valued at $2,040,000 after purchasing an additional 31,509 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of eXp World by 6.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 75,965 shares of the technology company's stock valued at $874,000 after acquiring an additional 4,913 shares in the last quarter. Blue Trust Inc. grew its holdings in eXp World by 26.6% in the 4th quarter. Blue Trust Inc. now owns 32,573 shares of the technology company's stock valued at $375,000 after buying an additional 6,840 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in eXp World in the 4th quarter valued at approximately $60,767,000. Finally, Baring Financial LLC acquired a new stake in eXp World in the 4th quarter valued at approximately $5,222,000. 27.17% of the stock is currently owned by institutional investors.
eXp World Trading Up 0.5%
Shares of EXPI stock traded up $0.05 on Friday, hitting $8.54. 169,336 shares of the stock were exchanged, compared to its average volume of 1,071,721. The business has a 50-day moving average of $8.77 and a 200 day moving average of $10.61. eXp World Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $15.39. The firm has a market capitalization of $1.33 billion, a P/E ratio of -60.82 and a beta of 2.66.
eXp World (NASDAQ:EXPI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). The firm had revenue of $954.91 million for the quarter, compared to the consensus estimate of $994.83 million. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. eXp World's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. As a group, research analysts forecast that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.
eXp World Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Monday, May 19th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.34%. eXp World's dividend payout ratio (DPR) is -181.82%.
Insider Transactions at eXp World
In related news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $9.76, for a total transaction of $244,000.00. Following the transaction, the chief executive officer now owns 39,853,400 shares of the company's stock, valued at $388,969,184. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 275,000 shares of company stock worth $2,533,350 over the last ninety days. 27.96% of the stock is owned by insiders.
Analyst Ratings Changes
Separately, DA Davidson upgraded eXp World from a "neutral" rating to a "buy" rating and set a $10.75 target price for the company in a research report on Thursday.
Get Our Latest Report on EXPI
About eXp World
(
Free Report)
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.
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