Charles Schwab Investment Management Inc. raised its position in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 9.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,411,663 shares of the technology company's stock after acquiring an additional 123,314 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.92% of eXp World worth $16,248,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in eXp World by 3.3% in the third quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company's stock valued at $936,000 after purchasing an additional 2,126 shares during the period. Entropy Technologies LP raised its position in eXp World by 19.2% in the fourth quarter. Entropy Technologies LP now owns 14,920 shares of the technology company's stock worth $172,000 after acquiring an additional 2,400 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in eXp World in the third quarter valued at $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of eXp World during the 4th quarter worth $32,000. Finally, Arrowroot Family Office LLC grew its stake in shares of eXp World by 24.9% during the 3rd quarter. Arrowroot Family Office LLC now owns 21,537 shares of the technology company's stock worth $303,000 after purchasing an additional 4,287 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.
eXp World Stock Up 3.9 %
NASDAQ EXPI traded up $0.39 during mid-day trading on Monday, hitting $10.35. The stock had a trading volume of 1,156,953 shares, compared to its average volume of 989,028. The company has a 50 day simple moving average of $10.62 and a 200 day simple moving average of $12.23. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -73.92 and a beta of 2.33. eXp World Holdings, Inc. has a 52-week low of $9.20 and a 52-week high of $15.39.
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. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. As a group, equities analysts anticipate that eXp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.
eXp World Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.93%. eXp World's dividend payout ratio (DPR) is -142.86%.
Insider Transactions at eXp World
In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.76, for a total transaction of $244,000.00. Following the sale, the chief executive officer now owns 39,828,400 shares in the company, valued at $388,725,184. This trade represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 311,630 shares of company stock valued at $3,387,961 over the last three months. 27.96% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Separately, DA Davidson reissued a "neutral" rating and set a $13.50 price objective on shares of eXp World in a report on Friday, February 21st.
View Our Latest Report on EXPI
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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