Raymond James Financial Inc. Acquires Shares of 98,554 eXp World Holdings, Inc. (NASDAQ:EXPI)

Raymond James Financial Inc. purchased a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 98,554 shares of the technology company's stock, valued at approximately $1,134,000. Raymond James Financial Inc. owned approximately 0.06% of eXp World as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in eXp World by 16.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company's stock valued at $18,153,000 after purchasing an additional 183,823 shares in the last quarter. FMR LLC boosted its stake in shares of eXp World by 4,338.7% during the 3rd quarter. FMR LLC now owns 123,885 shares of the technology company's stock worth $1,746,000 after buying an additional 121,094 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of eXp World by 5.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 179,370 shares of the technology company's stock valued at $2,527,000 after acquiring an additional 9,000 shares in the last quarter. Verition Fund Management LLC increased its position in shares of eXp World by 16.2% in the third quarter. Verition Fund Management LLC now owns 68,941 shares of the technology company's stock valued at $971,000 after acquiring an additional 9,613 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in eXp World during the third quarter worth about $202,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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eXp World Price Performance

NASDAQ EXPI traded down $0.23 on Tuesday, hitting $9.00. 1,365,867 shares of the stock were exchanged, compared to its average volume of 1,035,009. The company has a market capitalization of $1.37 billion, a PE ratio of -64.28 and a beta of 2.44. The business's fifty day moving average is $10.23 and its 200 day moving average is $11.90. eXp World Holdings, Inc. has a 52 week low of $8.64 and a 52 week high of $15.39.

eXp World (NASDAQ:EXPI - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating 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 predict that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.22%. eXp World's dividend payout ratio is currently -142.86%.

Analyst Ratings Changes

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

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 20,000 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $9.22, for a total transaction of $184,400.00. Following the completion of the sale, the chief executive officer now owns 39,763,400 shares in the company, valued at approximately $366,618,548. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 315,000 shares of company stock worth $3,301,150. 27.96% 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.