Olympiad Research LP Lowers Stock Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Olympiad Research LP lessened its stake in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 73.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,381 shares of the technology company's stock after selling 28,465 shares during the period. Olympiad Research LP's holdings in eXp World were worth $119,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of eXp World during the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd bought a new position in eXp World during the third quarter valued at approximately $34,000. CIBC Asset Management Inc bought a new position in eXp World during the fourth quarter valued at approximately $122,000. IHT Wealth Management LLC purchased a new position in shares of eXp World during the third quarter worth approximately $145,000. Finally, Financial Advocates Investment Management lifted its holdings in shares of eXp World by 9.6% in the 3rd quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company's stock worth $160,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 27.17% of the company's stock.

eXp World Price Performance

eXp World stock traded down $0.10 during trading hours on Friday, reaching $10.11. The company had a trading volume of 1,319,228 shares, compared to its average volume of 972,466. eXp World Holdings, Inc. has a 12-month low of $8.91 and a 12-month high of $15.39. The company has a 50-day moving average price of $11.20 and a 200 day moving average price of $12.50. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -72.21 and a beta of 2.29.

Remove Ads

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

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, March 4th. eXp World's payout ratio is -142.86%.

Insider Activity at eXp World

In other news, CEO Glenn Darrel Sanford sold 50,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.00, for a total value of $650,000.00. Following the completion of the sale, the chief executive officer now directly owns 40,289,080 shares of the company's stock, valued at approximately $523,758,040. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 386,511 shares of company stock worth $4,620,811 over the last quarter. Corporate insiders own 35.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.