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

Mercer Global Advisors Inc. ADV decreased 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 filing with the SEC. The institutional investor owned 12,839 shares of the technology company's stock after selling 557,505 shares during the period. Mercer Global Advisors Inc. ADV's holdings in eXp World were worth $148,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EXPI. SBI Securities Co. Ltd. bought a new stake in shares of eXp World during the fourth quarter valued at about $32,000. Graney & King LLC purchased a new position in eXp World during the fourth quarter valued at approximately $58,000. Sims Investment Management LLC bought a new stake in eXp World during the 4th quarter worth approximately $121,000. CIBC Asset Management Inc purchased a new stake in eXp World in the 4th quarter worth approximately $122,000. Finally, Plato Investment Management Ltd lifted its stake in eXp World by 16,347.0% in the 4th 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 in the last quarter. Institutional investors own 27.17% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $10.21, for a total transaction of $255,250.00. Following the transaction, the chief executive officer now directly owns 39,903,400 shares in the company, valued at approximately $407,413,714. This represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 300,000 shares of company stock valued at $2,788,600 in the last quarter. Insiders own 27.96% of the company's stock.

eXp World Stock Performance

eXp World stock traded down $0.46 during midday trading on Wednesday, hitting $7.56. 1,225,953 shares of the company's stock were exchanged, compared to its average volume of 1,065,190. The company has a market cap of $1.18 billion, a P/E ratio of -54.00 and a beta of 2.66. The stock has a 50-day moving average price of $9.06 and a two-hundred day moving average price of $10.90. eXp World Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $15.39.

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

eXp World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Monday, May 19th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a yield of 2.65%. eXp World's dividend payout ratio is presently -181.82%.

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.