eXp World Holdings, Inc. (NASDAQ:EXPI) Stock Position Lowered by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 90.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,355 shares of the technology company's stock after selling 239,061 shares during the quarter. Balyasny Asset Management L.P.'s holdings in eXp World were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of eXp World by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company's stock worth $4,741,000 after purchasing an additional 11,588 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of eXp World during the 4th quarter worth approximately $60,767,000. Raymond James Financial Inc. acquired a new stake in shares of eXp World during the 4th quarter worth approximately $1,134,000. Baring Financial LLC acquired a new stake in shares of eXp World during the 4th quarter worth approximately $5,222,000. Finally, Barclays PLC raised its position in shares of eXp World by 27.8% during the 3rd 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 period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $7.99, for a total value of $199,750.00. Following the sale, the chief executive officer now owns 39,628,400 shares of the company's stock, valued at approximately $316,630,916. The trade was a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 300,000 shares of company stock worth $2,788,600 in the last three months. 27.96% of the stock is owned by company insiders.

eXp World Trading Down 0.4%

EXPI traded down $0.03 during trading hours on Friday, hitting $7.63. The company's stock had a trading volume of 1,074,259 shares, compared to its average volume of 1,066,408. 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 $1.19 billion, a PE ratio of -54.50 and a beta of 2.66. The company has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $10.79.

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

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Monday, May 19th. eXp World's dividend payout ratio is currently -181.82%.

Wall Street Analyst Weigh In

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

eXp World Company 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.