PDT Partners LLC Acquires New Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

PDT Partners LLC purchased a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,892 shares of the technology company's stock, valued at approximately $609,000.

Several other institutional investors also recently modified their holdings of EXPI. Northern Trust Corp increased its holdings in eXp World by 8.2% in the 4th quarter. Northern Trust Corp now owns 1,154,661 shares of the technology company's stock worth $13,290,000 after purchasing an additional 87,966 shares in the last quarter. Aquatic Capital Management LLC increased its stake in shares of eXp World by 33.0% in the fourth quarter. Aquatic Capital Management LLC now owns 26,736 shares of the technology company's stock valued at $308,000 after buying an additional 6,636 shares during the period. Stonebridge Capital Advisors LLC bought a new position in eXp World in the 4th quarter valued at approximately $170,000. Price T Rowe Associates Inc. MD boosted its position in eXp World by 11.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 79,233 shares of the technology company's stock worth $912,000 after buying an additional 8,102 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in eXp World during the 4th quarter worth approximately $204,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $10.96, for a total transaction of $274,000.00. Following the completion of the sale, the chief executive officer now owns 39,968,400 shares of the company's stock, valued at $438,053,664. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 300,000 shares of company stock worth $2,993,100. Company insiders own 27.96% of the company's stock.

eXp World Trading Up 0.7 %

NASDAQ EXPI opened at $9.22 on Friday. eXp World Holdings, Inc. has a 12 month low of $8.54 and a 12 month high of $15.39. The firm has a market capitalization of $1.40 billion, a PE ratio of -65.85 and a beta of 2.44. The business's 50-day moving average price is $9.55 and its two-hundred day moving average price is $11.35.

eXp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, analysts forecast 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 was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 2.17%. eXp World's dividend payout ratio (DPR) is currently -142.86%.

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.

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