Vestcor Inc trimmed its holdings in eXp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 76.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,262 shares of the technology company's stock after selling 58,798 shares during the quarter. Vestcor Inc's holdings in eXp World were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of the business. Copeland Capital Management LLC grew its stake in shares of eXp World by 2.4% in the third quarter. Copeland Capital Management LLC now owns 4,011,378 shares of the technology company's stock worth $56,520,000 after acquiring an additional 94,493 shares during the last quarter. State Street Corp boosted its stake in eXp World by 4.1% in the 3rd quarter. State Street Corp now owns 2,982,216 shares of the technology company's stock worth $42,019,000 after purchasing an additional 117,418 shares in the last quarter. Renaissance Technologies LLC boosted its stake in eXp World by 6.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company's stock worth $20,348,000 after purchasing an additional 101,600 shares in the last quarter. Millennium Management LLC grew its position in eXp World by 91.7% during the 2nd quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company's stock valued at $15,544,000 after purchasing an additional 659,012 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in eXp World by 16.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company's stock valued at $18,153,000 after purchasing an additional 183,823 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, CAO Jian Cheng sold 18,750 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $258,937.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $13.00, for a total transaction of $650,000.00. Following the completion of the sale, the chief executive officer now owns 40,289,080 shares of the company's stock, valued at $523,758,040. This represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 675,357 shares of company stock valued at $9,306,093. Corporate insiders own 35.70% of the company's stock.
eXp World Stock Down 0.2 %
Shares of NASDAQ EXPI traded down $0.02 during midday trading on Friday, hitting $12.86. The stock had a trading volume of 1,117,340 shares, compared to its average volume of 988,646. The business's 50 day moving average is $13.40 and its 200-day moving average is $12.73. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $17.11. The company has a market cap of $1.97 billion, a P/E ratio of -58.45 and a beta of 2.26.
eXp World Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, November 18th. eXp World's payout ratio is -90.91%.
eXp World Company Profile
(
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.
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