JPMorgan Chase & Co. Has $7.33 Million Stake in eXp World Holdings, Inc. (NASDAQ:EXPI)

JPMorgan Chase & Co. lifted its position in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 17.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,419 shares of the technology company's stock after purchasing an additional 75,431 shares during the quarter. JPMorgan Chase & Co. owned 0.34% of eXp World worth $7,333,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of eXp World during the 3rd quarter worth about $30,000. Point72 DIFC Ltd bought a new stake in eXp World during the second quarter worth about $26,000. Point72 Hong Kong Ltd acquired a new stake in shares of eXp World during the third quarter worth approximately $34,000. IHT Wealth Management LLC bought a new position in shares of eXp World in the third quarter valued at approximately $145,000. Finally, Everence Capital Management Inc. acquired a new position in shares of eXp World in the 3rd quarter worth approximately $153,000. 27.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $14.48, for a total transaction of $724,000.00. Following the transaction, the chief executive officer now directly owns 40,489,080 shares in the company, valued at approximately $586,281,878.40. This represents a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jian Cheng sold 18,750 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $258,937.50. The disclosure for this sale can be found here. Insiders have sold a total of 560,736 shares of company stock valued at $7,398,190 in the last 90 days. 35.70% of the stock is currently owned by insiders.

eXp World Stock Up 7.9 %

EXPI traded up $0.83 during trading on Wednesday, hitting $11.32. The company's stock had a trading volume of 1,557,331 shares, compared to its average volume of 1,020,181. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -51.45 and a beta of 2.30. The firm's 50 day moving average price is $12.75 and its two-hundred day moving average price is $12.87. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $15.39.

eXp World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 1.77%. eXp World's dividend payout ratio (DPR) is -90.91%.

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.