Valued Retirements Inc. Acquires New Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Valued Retirements Inc. purchased a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 67,787 shares of the technology company's stock, valued at approximately $955,000. eXp World makes up 1.3% of Valued Retirements Inc.'s investment portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in eXp World in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of eXp World during the second quarter worth about $29,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of eXp World in the third quarter valued at approximately $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of eXp World during the third quarter worth approximately $34,000. Finally, nVerses Capital LLC lifted its stake in shares of eXp World by 102.2% in the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company's stock valued at $103,000 after purchasing an additional 4,600 shares during the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 49,881 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $13.87, for a total transaction of $691,849.47. Following the completion of the sale, the chief executive officer now directly owns 40,339,199 shares of the company's stock, valued at $559,504,690.13. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jian Cheng sold 18,750 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $258,937.50. The disclosure for this sale can be found here. Insiders have sold a total of 625,357 shares of company stock worth $8,656,093 over the last quarter. 28.85% of the stock is owned by corporate insiders.

eXp World Price Performance

Shares of EXPI traded up $0.01 during mid-day trading on Tuesday, reaching $13.01. The company's stock had a trading volume of 449,056 shares, compared to its average volume of 989,669. The stock has a market cap of $2.00 billion, a PE ratio of -59.09 and a beta of 2.27. eXp World Holdings, Inc. has a 12-month low of $8.91 and a 12-month high of $17.11. The company's 50 day moving average is $13.47 and its 200 day moving average is $12.70.

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Monday, November 18th. eXp World's payout ratio is currently -90.91%.

About eXp World

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.