Raymond James Financial Inc. Invests $1.13 Million in eXp World Holdings, Inc. (NASDAQ:EXPI)

Raymond James Financial Inc. acquired a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 98,554 shares of the technology company's stock, valued at approximately $1,134,000. Raymond James Financial Inc. owned 0.06% of eXp World as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of eXp World by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company's stock valued at $7,333,000 after buying an additional 75,431 shares during the period. Principal Financial Group Inc. increased its stake in eXp World by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company's stock worth $4,741,000 after buying an additional 11,588 shares during the period. Pacer Advisors Inc. bought a new stake in eXp World during the 4th quarter valued at about $60,767,000. Baring Financial LLC purchased a new stake in eXp World in the 4th quarter valued at about $5,222,000. Finally, Barclays PLC grew its stake in eXp World by 27.8% in the 3rd quarter. Barclays PLC now owns 144,758 shares of the technology company's stock worth $2,040,000 after acquiring an additional 31,509 shares in the last quarter. Institutional investors own 27.17% of the company's stock.

eXp World Price Performance

Shares of NASDAQ:EXPI traded down $0.14 during trading hours on Friday, hitting $7.46. The company's stock had a trading volume of 2,125,330 shares, compared to its average volume of 1,061,956. The firm's fifty day moving average price is $9.32 and its 200 day moving average price is $11.15. 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 $1.13 billion, a price-to-earnings ratio of -53.28 and a beta of 2.66.

eXp World (NASDAQ:EXPI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The company had revenue of $954.91 million for the quarter, compared to analysts' expectations of $994.83 million. During the same quarter in the prior year, the company earned ($0.02) EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Monday, May 19th. eXp World's payout ratio is currently -181.82%.

Analyst Ratings Changes

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

Insider Buying and Selling at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $11.02, for a total value of $275,500.00. Following the transaction, the chief executive officer now owns 39,928,400 shares of the company's stock, valued at $440,010,968. The trade was a 0.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 300,000 shares of company stock worth $2,943,100 over the last quarter. Insiders own 27.96% of the company's stock.

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.