44,043 Shares in eXp World Holdings, Inc. (NASDAQ:EXPI) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,043 shares of the technology company's stock, valued at approximately $507,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPI. JPMorgan Chase & Co. grew its holdings in shares of eXp World by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company's stock worth $7,333,000 after purchasing an additional 75,431 shares during the last quarter. State Street Corp boosted its position in eXp World by 4.1% during the 3rd quarter. State Street Corp now owns 2,982,216 shares of the technology company's stock valued at $42,019,000 after buying an additional 117,418 shares during the period. Principal Financial Group Inc. grew its holdings in eXp World by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company's stock worth $4,741,000 after acquiring an additional 11,588 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of eXp World in the fourth quarter valued at about $60,767,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $18,153,000 after acquiring an additional 183,823 shares during the last quarter. 27.17% of the stock is owned by institutional investors.

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Insider Transactions at eXp World

In related news, CEO Glenn Darrel Sanford sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $9.80, for a total value of $196,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,783,400 shares in the company, valued at $389,877,320. The trade was a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 320,000 shares of company stock valued at $3,404,750 in the last quarter. 27.96% of the stock is owned by insiders.

eXp World Trading Up 3.6 %

EXPI traded up $0.33 during trading on Friday, reaching $9.48. The stock had a trading volume of 1,714,203 shares, compared to its average volume of 1,030,497. eXp World Holdings, Inc. has a one year low of $8.64 and a one year high of $15.39. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -67.71 and a beta of 2.44. The stock's 50 day moving average is $10.38 and its two-hundred day moving average is $12.01.

eXp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.03 billion. On average, equities research analysts predict that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.11%. eXp World's payout ratio is presently -142.86%.

Analyst Upgrades and Downgrades

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, February 21st.

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.