Integrated Advisors Network LLC Sells 736,411 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Integrated Advisors Network LLC trimmed its holdings in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 56.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 564,938 shares of the technology company's stock after selling 736,411 shares during the period. Integrated Advisors Network LLC owned 0.36% of eXp World worth $7,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPI. PNC Financial Services Group Inc. raised its position in shares of eXp World by 29.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company's stock valued at $116,000 after buying an additional 1,681 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of eXp World by 552.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company's stock valued at $124,000 after buying an additional 10,195 shares in the last quarter. Precision Wealth Strategies LLC acquired a new position in eXp World during the first quarter valued at approximately $113,000. Nordea Investment Management AB raised its position in eXp World by 49.3% during the first quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company's stock valued at $4,326,000 after purchasing an additional 136,151 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in eXp World by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 67,302 shares of the technology company's stock valued at $695,000 after purchasing an additional 881 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

eXp World Stock Down 0.7 %

Shares of NASDAQ:EXPI traded down $0.09 during trading on Tuesday, hitting $12.88. 530,771 shares of the company were exchanged, compared to its average volume of 1,010,966. The business's 50 day moving average is $13.14 and its 200-day moving average is $12.17. The company has a market capitalization of $1.99 billion, a P/E ratio of -75.76 and a beta of 2.30. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $17.11.

eXp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. As a group, sell-side analysts anticipate that eXp World Holdings, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. DA Davidson boosted their price objective on shares of eXp World from $11.75 to $13.50 and gave the company a "neutral" rating in a research report on Thursday, August 1st. BTIG Research upgraded shares of eXp World from a "sell" rating to a "neutral" rating in a research report on Tuesday, July 23rd.

Insider Transactions at eXp World

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $12.33, for a total value of $616,500.00. Following the sale, the chief executive officer now owns 41,120,297 shares of the company's stock, valued at $507,013,262.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $12.33, for a total value of $616,500.00. Following the sale, the chief executive officer now owns 41,120,297 shares of the company's stock, valued at $507,013,262.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Randall D. Miles sold 30,000 shares of the business's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total transaction of $453,300.00. Following the completion of the sale, the director now directly owns 547,665 shares in the company, valued at approximately $8,275,218.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 566,463 shares of company stock worth $7,445,870. Corporate insiders own 35.70% of the company's stock.

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.