Arrowstreet Capital Limited Partnership bought a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 169,781 shares of the technology company's stock, valued at approximately $1,954,000. Arrowstreet Capital Limited Partnership owned 0.11% of eXp World at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in EXPI. Pictet Asset Management Holding SA purchased a new position in shares of eXp World during the 4th quarter valued at approximately $167,000. JPMorgan Chase & Co. grew its holdings in eXp World by 39.7% during the 4th quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company's stock worth $8,369,000 after acquiring an additional 206,677 shares in the last quarter. WINTON GROUP Ltd grew its holdings in eXp World by 5.3% during the 4th quarter. WINTON GROUP Ltd now owns 88,554 shares of the technology company's stock worth $1,019,000 after acquiring an additional 4,453 shares in the last quarter. Graney & King LLC bought a new stake in shares of eXp World in the 4th quarter worth about $58,000. Finally, Vanguard Group Inc. raised its stake in shares of eXp World by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company's stock valued at $140,834,000 after purchasing an additional 208,920 shares in the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at eXp World
In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $11.59, for a total transaction of $289,750.00. Following the completion of the transaction, the chief executive officer now owns 40,072,450 shares of the company's stock, valued at approximately $464,439,695.50. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold 290,000 shares of company stock worth $3,032,650 in the last 90 days. 27.96% of the stock is currently owned by company insiders.
eXp World Trading Down 1.4 %
eXp World stock traded down $0.13 during mid-day trading on Tuesday, reaching $9.29. The company's stock had a trading volume of 317,929 shares, compared to its average volume of 1,127,195. eXp World Holdings, Inc. has a twelve month low of $8.64 and a twelve month high of $15.39. The business has a 50 day moving average price of $10.05 and a 200-day moving average price of $11.73. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -66.35 and a beta of 2.44.
eXp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $1.03 billion. On average, equities analysts expect 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 was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, March 4th. eXp World's dividend payout ratio (DPR) is -142.86%.
Wall Street Analyst Weigh In
Separately, DA Davidson restated a "neutral" rating and set a $13.50 price objective on shares of eXp World in a research note on Friday, February 21st.
Check Out Our Latest Stock Analysis on eXp World
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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