Renaissance Technologies LLC raised its position in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,024,116 shares of the technology company's stock after purchasing an additional 40,400 shares during the quarter. Renaissance Technologies LLC owned 1.32% of eXp World worth $23,298,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in EXPI. Legal & General Group Plc raised its holdings in shares of eXp World by 3.8% in the fourth quarter. Legal & General Group Plc now owns 229,707 shares of the technology company's stock worth $2,644,000 after buying an additional 8,364 shares during the period. Invesco Ltd. grew its position in eXp World by 8.5% in the 4th quarter. Invesco Ltd. now owns 655,517 shares of the technology company's stock valued at $7,545,000 after acquiring an additional 51,605 shares during the last quarter. Federated Hermes Inc. purchased a new stake in eXp World in the fourth quarter worth $454,000. Envestnet Asset Management Inc. lifted its position in shares of eXp World by 0.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 428,412 shares of the technology company's stock worth $4,931,000 after purchasing an additional 2,706 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of eXp World by 14.1% during the fourth quarter. Wells Fargo & Company MN now owns 70,820 shares of the technology company's stock valued at $815,000 after purchasing an additional 8,749 shares during the period. Institutional investors own 27.17% of the company's stock.
eXp World Stock Performance
eXp World stock opened at $9.14 on Friday. eXp World Holdings, Inc. has a fifty-two week low of $8.64 and a fifty-two week high of $15.39. The company has a market capitalization of $1.39 billion, a PE ratio of -65.28 and a beta of 2.44. The company has a 50 day moving average price of $10.08 and a 200-day moving average price of $11.79.
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 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 analysts' expectations of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. On average, analysts forecast that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.
eXp World Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Tuesday, March 4th. eXp World's dividend payout ratio (DPR) is -142.86%.
Wall Street Analysts Forecast Growth
Separately, DA Davidson reaffirmed a "neutral" rating and issued a $13.50 price target on shares of eXp World in a research note on Friday, February 21st.
Read Our Latest Report on EXPI
Insider Activity
In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $11.44, for a total transaction of $286,000.00. Following the sale, the chief executive officer now owns 40,097,450 shares of the company's stock, valued at approximately $458,714,828. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 315,000 shares of company stock worth $3,301,150. 27.96% of the stock is currently owned by corporate insiders.
About eXp World
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding EXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report).
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