Lighthouse Investment Partners LLC bought a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 70,281 shares of the technology company's stock, valued at approximately $809,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in eXp World during the fourth quarter worth about $32,000. Graney & King LLC bought a new position in eXp World during the fourth quarter worth about $58,000. Sims Investment Management LLC bought a new position in eXp World during the fourth quarter worth about $121,000. CIBC Asset Management Inc bought a new position in eXp World during the fourth quarter worth about $122,000. Finally, Plato Investment Management Ltd lifted its holdings in eXp World by 16,347.0% during the fourth quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company's stock worth $125,000 after acquiring an additional 10,789 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors.
eXp World Price Performance
Shares of EXPI traded up $0.03 during midday trading on Tuesday, hitting $8.07. The stock had a trading volume of 150,293 shares, compared to its average volume of 1,060,869. The company has a 50 day simple moving average of $9.09 and a two-hundred day simple moving average of $10.92. eXp World Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $15.39. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -57.46 and a beta of 2.66.
eXp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $994.83 million. During the same period in the prior year, the business earned ($0.02) EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts forecast that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.
eXp World Announces Dividend
The company 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. This represents a $0.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, May 19th. eXp World's dividend payout ratio is -181.82%.
Analyst Ratings Changes
Separately, DA Davidson reiterated a "neutral" rating and set a $13.50 target price on shares of eXp World in a report on Friday, February 21st.
Read Our Latest Research Report on EXPI
Insider Activity at eXp World
In related news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $7.81, for a total value of $195,250.00. Following the sale, the chief executive officer now owns 39,653,400 shares of the company's stock, valued at approximately $309,693,054. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 275,000 shares of company stock valued at $2,588,850. 27.96% of the stock is owned by insiders.
About eXp World
(
Free Report)
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.
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