Trexquant Investment LP Trims Stake in eXp World Holdings, Inc. (NASDAQ:EXPI)

Trexquant Investment LP trimmed its position in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 83.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,546 shares of the technology company's stock after selling 270,828 shares during the period. Trexquant Investment LP's holdings in eXp World were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of eXp World in the 4th quarter worth about $32,000. Graney & King LLC purchased a new position in shares of eXp World in the 4th quarter worth approximately $58,000. Sims Investment Management LLC bought a new position in shares of eXp World in the fourth quarter valued at approximately $121,000. CIBC Asset Management Inc purchased a new stake in shares of eXp World during the fourth quarter valued at approximately $122,000. Finally, Plato Investment Management Ltd lifted its holdings in eXp World by 16,347.0% during the fourth quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company's stock worth $125,000 after acquiring an additional 10,789 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Insider Transactions at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 20,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $9.22, for a total value of $184,400.00. Following the completion of the transaction, the chief executive officer now owns 39,763,400 shares in the company, valued at $366,618,548. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 290,000 shares of company stock valued at $3,032,650 over the last three months. Company insiders own 27.96% of the company's stock.

eXp World Trading Down 1.6 %

Shares of EXPI stock traded down $0.15 during trading hours on Tuesday, hitting $9.27. 659,735 shares of the company were exchanged, compared to its average volume of 1,037,670. eXp World Holdings, Inc. has a 52-week low of $8.64 and a 52-week high of $15.39. The firm has a fifty day simple moving average of $10.05 and a 200 day simple moving average of $11.73. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -66.21 and a beta of 2.44.

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. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. Sell-side analysts anticipate that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.16%. eXp World's dividend payout ratio is currently -142.86%.

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.