CWA Asset Management Group LLC Buys New Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

CWA Asset Management Group LLC purchased a new stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,870 shares of the technology company's stock, valued at approximately $519,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in eXp World in the 3rd quarter valued at $30,000. Point72 DIFC Ltd purchased a new position in eXp World in the 2nd quarter worth $26,000. Meeder Asset Management Inc. purchased a new position in eXp World in the 2nd quarter worth $29,000. nVerses Capital LLC boosted its stake in shares of eXp World by 102.2% during the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company's stock valued at $103,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Financial Advocates Investment Management bought a new stake in eXp World during the second quarter worth about $117,000. Institutional investors own 27.17% of the company's stock.

eXp World Stock Performance

EXPI stock traded down $0.07 during trading on Tuesday, reaching $14.54. The company had a trading volume of 1,136,474 shares, compared to its average volume of 1,010,420. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $17.11. The company has a market cap of $2.24 billion, a price-to-earnings ratio of -66.43 and a beta of 2.31. The firm has a 50-day simple moving average of $13.40 and a 200-day simple moving average of $12.45.

eXp World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, November 18th. eXp World's payout ratio is presently -90.91%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXPI shares. DA Davidson increased their price objective on shares of eXp World from $11.75 to $13.50 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. BTIG Research raised shares of eXp World from a "sell" rating to a "neutral" rating in a research note on Tuesday, July 23rd.

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 47,984 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $12.32, for a total transaction of $591,162.88. Following the completion of the sale, the chief executive officer now owns 41,022,313 shares in the company, valued at approximately $505,394,896.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Glenn Darrel Sanford sold 47,984 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.32, for a total value of $591,162.88. Following the sale, the chief executive officer now directly owns 41,022,313 shares in the company, valued at $505,394,896.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Randall D. Miles sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total value of $453,300.00. Following the transaction, the director now owns 547,665 shares of the company's stock, valued at approximately $8,275,218.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 560,891 shares of company stock valued at $7,502,395 in the last 90 days. 35.70% of the stock is owned by insiders.

About eXp World

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.