Mercer Global Advisors Inc. ADV Sells 557,505 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Mercer Global Advisors Inc. ADV lowered its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 97.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,839 shares of the technology company's stock after selling 557,505 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in eXp World were worth $148,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. PDT Partners LLC acquired a new stake in eXp World during the fourth quarter worth approximately $609,000. Northern Trust Corp grew its position in eXp World by 8.2% during the fourth quarter. Northern Trust Corp now owns 1,154,661 shares of the technology company's stock worth $13,290,000 after buying an additional 87,966 shares in the last quarter. Aquatic Capital Management LLC grew its position in eXp World by 33.0% during the fourth quarter. Aquatic Capital Management LLC now owns 26,736 shares of the technology company's stock worth $308,000 after buying an additional 6,636 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in eXp World during the fourth quarter worth approximately $170,000. Finally, Price T Rowe Associates Inc. MD grew its position in eXp World by 11.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 79,233 shares of the technology company's stock worth $912,000 after buying an additional 8,102 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company's stock.

eXp World Price Performance

NASDAQ:EXPI traded down $0.03 during trading hours on Friday, reaching $7.63. 1,074,259 shares of the company were exchanged, compared to its average volume of 1,066,408. The company has a market capitalization of $1.19 billion, a P/E ratio of -54.50 and a beta of 2.66. eXp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.39. The business has a 50 day moving average of $8.94 and a 200 day moving average of $10.79.

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

eXp World Dividend Announcement

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

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $7.99, for a total transaction of $199,750.00. Following the completion of the sale, the chief executive officer now directly owns 39,628,400 shares in the company, valued at $316,630,916. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 300,000 shares of company stock worth $2,788,600 over the last three months. Insiders own 27.96% of the company's stock.

Wall Street Analyst Weigh In

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

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.