eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its position in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 52.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,744 shares of the technology company's stock after selling 112,827 shares during the quarter. Two Sigma Investments LP owned about 0.07% of eXp World worth $1,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in eXp World in the fourth quarter worth $32,000. Graney & King LLC purchased a new position in eXp World in the fourth quarter worth $58,000. Sims Investment Management LLC purchased a new position in eXp World in the fourth quarter worth $121,000. CIBC Asset Management Inc purchased a new position in eXp World in the fourth quarter worth $122,000. Finally, Plato Investment Management Ltd grew its holdings in eXp World by 16,347.0% in the fourth quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company's stock worth $125,000 after purchasing an additional 10,789 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other eXp World news, CEO Glenn Darrel Sanford sold 20,000 shares of the company'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 sale, the chief executive officer now directly owns 39,783,400 shares of the company's stock, valued at approximately $389,877,320. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 250,000 shares of company stock valued at $2,282,350 over the last ninety days. 27.96% of the stock is currently owned by insiders.

eXp World Stock Up 1.4%

Shares of EXPI traded up $0.12 during trading hours on Friday, reaching $8.83. 638,508 shares of the company traded hands, compared to its average volume of 1,081,761. The stock has a market capitalization of $1.38 billion, a P/E ratio of -63.07 and a beta of 2.56. eXp World Holdings, Inc. has a 12-month low of $6.90 and a 12-month high of $15.39. The business has a fifty day moving average price of $8.60 and a 200-day moving average price of $10.41.

eXp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $954.91 million for the quarter, compared to analysts' expectations of $994.83 million. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. eXp World's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.02) earnings per share. As a group, research analysts predict that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, May 19th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Monday, May 19th. eXp World's dividend payout ratio (DPR) is presently -181.82%.

Analyst Ratings Changes

Separately, DA Davidson raised shares of eXp World from a "neutral" rating to a "buy" rating and set a $10.75 price target on the stock in a report on Thursday, May 29th.

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.