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

Intech Investment Management LLC bought a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 68,552 shares of the technology company's stock, valued at approximately $966,000.

A number of other large investors have also recently bought and sold shares of EXPI. State Board of Administration of Florida Retirement System increased its position in eXp World by 25.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,613 shares of the technology company's stock worth $265,000 after purchasing an additional 5,260 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of eXp World by 0.9% during the first quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company's stock worth $125,093,000 after buying an additional 107,303 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of eXp World by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 64,126 shares of the technology company's stock worth $663,000 after buying an additional 2,845 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of eXp World during the first quarter worth about $138,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of eXp World by 12.3% during the first quarter. EverSource Wealth Advisors LLC now owns 21,634 shares of the technology company's stock worth $215,000 after buying an additional 2,370 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company's stock.

eXp World Trading Up 1.5 %

Shares of NASDAQ EXPI traded up $0.21 during midday trading on Thursday, reaching $14.08. 680,107 shares of the stock were exchanged, compared to its average volume of 1,003,260. The company has a market capitalization of $2.16 billion, a P/E ratio of -64.00 and a beta of 2.31. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $17.11. The stock has a 50 day moving average price of $13.55 and a 200-day moving average price of $12.64.

eXp World Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.42%. eXp World's payout ratio is -90.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lifted their price target on shares of eXp World from $11.75 to $13.50 and gave the stock a "neutral" rating in a report on Thursday, August 1st.

Insider Activity at eXp World

In other news, CAO Jian Cheng sold 18,750 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $13.81, for a total transaction of $258,937.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.41, for a total transaction of $720,500.00. Following the sale, the chief executive officer now directly owns 40,389,080 shares of the company's stock, valued at approximately $582,006,642.80. This trade represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 662,041 shares of company stock worth $9,022,804. 28.85% of the stock is owned by company insiders.

eXp World 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.