Invesco Ltd. Grows Stock Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Invesco Ltd. lifted its position in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 655,517 shares of the technology company's stock after acquiring an additional 51,605 shares during the period. Invesco Ltd. owned 0.43% of eXp World worth $7,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EXPI. Vanguard Group Inc. lifted its position in eXp World by 1.7% during the fourth 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 in the last quarter. Pacer Advisors Inc. purchased a new position in shares of eXp World during the 4th quarter worth $60,767,000. Geode Capital Management LLC boosted its position in shares of eXp World by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company's stock valued at $25,553,000 after acquiring an additional 8,486 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in eXp World by 9.6% during the fourth 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 last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in eXp World by 39.7% in the 4th quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company's stock valued at $8,369,000 after purchasing an additional 206,677 shares during the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

eXp World Stock Performance

Shares of NASDAQ EXPI traded up $0.19 during mid-day trading on Wednesday, reaching $9.16. 1,274,178 shares of the company's stock were exchanged, compared to its average volume of 1,050,479. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -65.42 and a beta of 2.44. eXp World Holdings, Inc. has a 52-week low of $8.54 and a 52-week high of $15.39. The company's 50-day moving average is $9.57 and its 200-day moving average is $11.38.

eXp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.03. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.03 billion. As a group, equities analysts predict that eXp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

eXp World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Tuesday, March 4th. eXp World's dividend payout ratio (DPR) is -142.86%.

Insider Transactions at eXp World

In related news, CEO Glenn Darrel Sanford sold 20,000 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $8.80, for a total transaction of $176,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,703,400 shares in the company, valued at $349,389,920. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 300,000 shares of company stock worth $2,993,100 over the last ninety days. Company insiders own 27.96% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.