JPMorgan Chase & Co. Has $8.37 Million Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

JPMorgan Chase & Co. grew its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 39.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 727,096 shares of the technology company's stock after purchasing an additional 206,677 shares during the period. JPMorgan Chase & Co. owned about 0.47% of eXp World worth $8,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EXPI. SBI Securities Co. Ltd. acquired a new stake in eXp World during the 4th quarter worth about $32,000. Graney & King LLC acquired a new stake in shares of eXp World during the fourth quarter worth approximately $58,000. Sims Investment Management LLC acquired a new stake in shares of eXp World during the fourth quarter worth approximately $121,000. CIBC Asset Management Inc purchased a new position in eXp World during the fourth quarter valued at approximately $122,000. Finally, Plato Investment Management Ltd lifted its position in eXp World by 16,347.0% in the 4th quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company's stock worth $125,000 after buying an additional 10,789 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company's stock.

eXp World Price Performance

Shares of EXPI stock traded down $0.14 during trading on Friday, reaching $8.84. The company had a trading volume of 1,054,627 shares, compared to its average volume of 1,040,299. The company has a market capitalization of $1.34 billion, a PE ratio of -63.14 and a beta of 2.44. The firm's 50 day simple moving average is $9.90 and its two-hundred day simple moving average is $11.60. eXp World Holdings, Inc. has a one year low of $8.64 and a one year high of $15.39.

eXp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 0.47% and a positive return on equity of 5.75%. Analysts forecast that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Announces Dividend

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 $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.26%. eXp World's payout ratio is presently -142.86%.

Analysts Set New Price Targets

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

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $11.44, for a total transaction of $286,000.00. Following the transaction, the chief executive officer now owns 40,097,450 shares in the company, valued at approximately $458,714,828. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 310,000 shares of company stock worth $3,220,450 over the last three months. 27.96% of the stock is currently owned by insiders.

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.