eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its position in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 55.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 399,402 shares of the technology company's stock after selling 499,397 shares during the period. Millennium Management LLC owned 0.26% of eXp World worth $4,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in eXp World by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company's stock worth $140,834,000 after buying an additional 208,920 shares during the last quarter. Geode Capital Management LLC boosted its holdings in eXp World by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company's stock valued at $25,553,000 after purchasing an additional 8,486 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in eXp World by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,024,116 shares of the technology company's stock valued at $23,298,000 after purchasing an additional 40,400 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in eXp World by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,411,663 shares of the technology company's stock worth $16,248,000 after purchasing an additional 123,314 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of eXp World by 8.2% in the 4th quarter. Northern Trust Corp now owns 1,154,661 shares of the technology company's stock valued at $13,290,000 after buying an additional 87,966 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

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 objective for the company in a report on Thursday.

eXp World Price Performance

NASDAQ EXPI traded down $0.06 during trading hours on Friday, hitting $8.43. 1,672,202 shares of the company's stock traded hands, compared to its average volume of 1,078,940. The company has a market capitalization of $1.32 billion, a PE ratio of -60.21 and a beta of 2.66. The firm's 50-day moving average is $8.77 and its 200-day moving average is $10.61. 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 announced its quarterly earnings data 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). eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. The firm had revenue of $954.91 million during the quarter, compared to analysts' expectations of $994.83 million. During the same period in the prior year, the company posted ($0.02) EPS. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts predict that eXp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Monday, May 19th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 2.37%. eXp World's dividend payout ratio is currently -181.82%.

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 20,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $9.80, for a total transaction of $196,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,783,400 shares of the company's stock, valued at approximately $389,877,320. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 275,000 shares of company stock valued at $2,533,350. 27.96% of the stock is currently owned by corporate insiders.

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.