Fmr LLC Increases Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

FMR LLC grew its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 4,338.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,885 shares of the technology company's stock after buying an additional 121,094 shares during the quarter. FMR LLC owned 0.08% of eXp World worth $1,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXPI. Point72 DIFC Ltd purchased a new stake in eXp World in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in shares of eXp World during the 2nd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC purchased a new position in eXp World in the third quarter worth $30,000. nVerses Capital LLC grew its stake in eXp World by 102.2% in 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 during the period. Finally, Financial Advocates Investment Management purchased a new stake in shares of eXp World during the 2nd quarter valued at $117,000. 27.17% of the stock is owned by institutional investors.

eXp World Price Performance

Shares of NASDAQ EXPI traded up $0.04 during mid-day trading on Monday, reaching $12.90. 1,047,000 shares of the company's stock were exchanged, compared to its average volume of 990,227. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $16.48. The firm has a 50-day moving average price of $13.40 and a two-hundred day moving average price of $12.75. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -58.45 and a beta of 2.26.

eXp World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Monday, November 18th. eXp World's dividend payout ratio is currently -90.91%.

Insider Activity at eXp World

In other eXp World news, CAO Jian Cheng sold 18,750 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $13.81, for a total value of $258,937.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.00, for a total value of $650,000.00. Following the sale, the chief executive officer now owns 40,289,080 shares of the company's stock, valued at approximately $523,758,040. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 675,357 shares of company stock worth $9,306,093. Company insiders own 35.70% of the company's stock.

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.