Strategic Financial Concepts LLC Buys New Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Strategic Financial Concepts LLC purchased a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 94,847 shares of the technology company's stock, valued at approximately $1,092,000. Strategic Financial Concepts LLC owned approximately 0.06% of eXp World as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXPI. Pacer Advisors Inc. acquired a new position in eXp World in the fourth quarter valued at about $60,767,000. Baring Financial LLC acquired a new position in eXp World during the fourth quarter worth about $5,222,000. Charles Schwab Investment Management Inc. raised its stake in eXp World by 16.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company's stock worth $18,153,000 after acquiring an additional 183,823 shares in the last quarter. Algert Global LLC raised its stake in eXp World by 147.6% during the third quarter. Algert Global LLC now owns 296,085 shares of the technology company's stock worth $4,172,000 after acquiring an additional 176,509 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in eXp World during the fourth quarter worth about $1,657,000. Institutional investors and hedge funds own 27.17% of the company's stock.

Insider Transactions at eXp World

In related news, CEO Glenn Darrel Sanford sold 49,881 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $13.87, for a total value of $691,849.47. Following the sale, the chief executive officer now directly owns 40,339,199 shares in the company, valued at $559,504,690.13. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 411,511 shares of company stock worth $5,086,061. Insiders own 35.70% of the company's stock.

Analysts Set New Price Targets

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

eXp World Trading Down 9.5 %

NASDAQ EXPI traded down $1.08 during trading on Friday, hitting $10.26. 1,918,186 shares of the company's stock were exchanged, compared to its average volume of 901,647. The company has a market cap of $1.58 billion, a PE ratio of -46.64 and a beta of 2.29. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $15.39. The stock's 50 day moving average price is $11.40 and its two-hundred day moving average price is $12.56.

eXp World (NASDAQ:EXPI - Get Free Report) last released its quarterly 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.03 billion. eXp World had a positive return on equity of 2.27% and a negative net margin of 0.74%. Analysts forecast that eXp World Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

eXp World Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, March 4th. eXp World's dividend payout ratio (DPR) is currently -90.91%.

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.