eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,002,402 shares of the technology company’s stock after selling 15,162 shares during the quarter. Vanguard Group Inc. owned about 7.76% of eXp World worth $186,277,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EXPI. Copeland Capital Management LLC boosted its position in shares of eXp World by 6.4% in the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock valued at $60,011,000 after purchasing an additional 232,321 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of eXp World by 12.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 877,657 shares of the technology company’s stock valued at $13,621,000 after acquiring an additional 93,810 shares during the period. Norges Bank purchased a new position in shares of eXp World during the fourth quarter worth approximately $7,141,000. Invesco Ltd. boosted its stake in eXp World by 30.5% during the 3rd quarter. Invesco Ltd. now owns 432,798 shares of the technology company’s stock worth $7,029,000 after purchasing an additional 101,147 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in eXp World by 21.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 409,894 shares of the technology company’s stock worth $6,657,000 after purchasing an additional 71,183 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Price Performance

eXp World stock opened at $10.63 on Wednesday. The business has a 50 day simple moving average of $11.22 and a 200-day simple moving average of $11.86. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $25.39. The stock has a market capitalization of $1.65 billion, a PE ratio of -62.53 and a beta of 2.34.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The company had revenue of $943.10 million during the quarter, compared to the consensus estimate of $893.24 million. During the same quarter in the prior year, the firm earned $0.01 EPS. eXp World’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that eXp World Holdings, Inc. will post 0.18 EPS for the current year.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 10th. eXp World’s dividend payout ratio is presently -117.64%.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed an “underperform” rating and issued a $11.75 target price on shares of eXp World in a report on Thursday, May 2nd.

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $11.05, for a total value of $276,250.00. Following the completion of the sale, the chief executive officer now directly owns 41,563,393 shares of the company’s stock, valued at approximately $459,275,492.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 96,005 shares of company stock worth $1,041,630. Company insiders own 28.85% of the company’s stock.

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.