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

Voloridge Investment Management LLC decreased its position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 719,402 shares of the technology company's stock after selling 60,418 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.47% of eXp World worth $8,280,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXPI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of eXp World by 5.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,635 shares of the technology company's stock valued at $537,000 after purchasing an additional 2,202 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of eXp World by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 231,807 shares of the technology company's stock valued at $2,668,000 after acquiring an additional 2,228 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in eXp World by 10.1% during the 4th quarter. Snowden Capital Advisors LLC now owns 25,976 shares of the technology company's stock valued at $299,000 after purchasing an additional 2,381 shares during the last quarter. Entropy Technologies LP lifted its holdings in eXp World by 19.2% during the 4th quarter. Entropy Technologies LP now owns 14,920 shares of the technology company's stock valued at $172,000 after purchasing an additional 2,400 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of eXp World by 7.5% in the fourth quarter. ProShare Advisors LLC now owns 34,578 shares of the technology company's stock worth $398,000 after acquiring an additional 2,404 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upgraded 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 up $0.02 on Friday, hitting $8.51. 366,995 shares of the stock were exchanged, compared to its average volume of 1,192,813. The business's fifty 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. The company has a market capitalization of $1.33 billion, a PE ratio of -60.75 and a beta of 2.66.

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). The firm had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) earnings per share. 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 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. This represents a $0.20 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, May 19th. eXp World's dividend payout ratio is presently -181.82%.

Insiders Place Their Bets

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $10.04, for a total transaction of $251,000.00. Following the sale, the chief executive officer now directly owns 39,878,400 shares of the company's stock, valued at $400,379,136. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 275,000 shares of company stock valued at $2,533,350 over the last quarter. 27.96% of the stock is owned by corporate insiders.

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.