Intech Investment Management LLC Grows Stock Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Intech Investment Management LLC increased its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 150.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,872 shares of the technology company's stock after buying an additional 103,320 shares during the quarter. Intech Investment Management LLC owned about 0.11% of eXp World worth $1,978,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in shares of eXp World in the 4th quarter valued at approximately $60,767,000. State Street Corp lifted its holdings in shares of eXp World by 4.1% during the third quarter. State Street Corp now owns 2,982,216 shares of the technology company's stock worth $42,019,000 after purchasing an additional 117,418 shares during the period. Geode Capital Management LLC grew its position in eXp World by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company's stock valued at $31,161,000 after buying an additional 118,210 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in eXp World by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,411,663 shares of the technology company's stock valued at $16,248,000 after buying an additional 123,314 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in eXp World by 17.0% in the 3rd 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. Institutional investors and hedge funds own 27.17% of the company's stock.

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Insider Buying and Selling at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. 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 39,853,400 shares of the company's stock, valued at $388,969,184. The trade was a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 336,630 shares of company stock valued at $3,647,211. Corporate insiders own 27.96% of the company's stock.

Wall Street Analysts Forecast Growth

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

eXp World Price Performance

Shares of EXPI stock traded down $0.15 during trading hours on Tuesday, reaching $10.20. 1,081,020 shares of the company's stock were exchanged, compared to its average volume of 988,973. eXp World Holdings, Inc. has a 1 year low of $9.20 and a 1 year high of $15.39. The company has a market cap of $1.55 billion, a P/E ratio of -72.85 and a beta of 2.33. The company's 50 day moving average is $10.61 and its two-hundred day moving average is $12.22.

eXp World (NASDAQ:EXPI - Get Free Report) last released its earnings results on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.03. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, analysts predict that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 1.96%. eXp World's payout ratio is currently -142.86%.

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.