Bank of New York Mellon Corp Has $6.13 Million Stake in Exp World Holdings, Inc. (NASDAQ:EXPI)

Bank of New York Mellon Corp lessened its stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 626,914 shares of the technology company's stock after selling 26,751 shares during the quarter. Bank of New York Mellon Corp owned about 0.41% of Exp World worth $6,131,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Rossby Financial LCC bought a new stake in shares of Exp World during the 1st quarter worth $51,000. Graney & King LLC bought a new stake in Exp World in the 4th quarter valued at $58,000. Precision Wealth Strategies LLC boosted its holdings in Exp World by 26.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock valued at $135,000 after purchasing an additional 2,867 shares during the period. Corton Capital Inc. bought a new stake in shares of Exp World in the fourth quarter valued at about $139,000. Finally, Optimize Financial Inc bought a new stake in shares of Exp World in the fourth quarter valued at about $148,000. Institutional investors own 27.17% of the company's stock.

Insider Buying and Selling

In other Exp World news, CEO Glenn Darrel Sanford sold 25,000 shares of Exp World stock in a transaction on Monday, May 19th. The shares were sold at an average price of $7.99, for a total value of $199,750.00. Following the sale, the chief executive officer directly owned 39,628,400 shares in the company, valued at approximately $316,630,916. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total transaction of $91,500.00. Following the completion of the sale, the director owned 537,190 shares in the company, valued at $4,915,288.50. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 105,000 shares of company stock worth $886,000 over the last quarter. 27.96% of the stock is owned by corporate insiders.

Exp World Trading Up 1.8%

Shares of Exp World stock traded up $0.20 during trading on Friday, reaching $11.14. The company's stock had a trading volume of 786,387 shares, compared to its average volume of 983,439. The stock has a 50-day moving average price of $9.21 and a two-hundred day moving average price of $9.67. The stock has a market capitalization of $1.74 billion, a P/E ratio of -101.27 and a beta of 2.52. Exp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.12). Exp World had a negative net margin of 0.36% and a positive return on equity of 1.85%. The firm had revenue of $954.91 million during the quarter, compared to analyst estimates of $994.83 million. During the same period in the prior year, the business earned ($0.02) EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, May 19th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.80%. Exp World's dividend payout ratio (DPR) is presently -181.82%.

Analyst Ratings Changes

Separately, DA Davidson set a $12.00 price objective on Exp World and gave the stock a "buy" rating in a research report on Friday, July 11th.

Exp World Profile

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.