Mercer Global Advisors Inc. ADV Sells 125,660 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Mercer Global Advisors Inc. ADV cut its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 8.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,306,329 shares of the technology company’s stock after selling 125,660 shares during the quarter. Mercer Global Advisors Inc. ADV owned approximately 0.84% of eXp World worth $14,742,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Texas Permanent School Fund Corp increased its holdings in eXp World by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 67,302 shares of the technology company’s stock worth $695,000 after buying an additional 881 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of eXp World by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the technology company’s stock worth $440,000 after purchasing an additional 900 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of eXp World by 29.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock valued at $116,000 after purchasing an additional 1,681 shares during the period. Commonwealth Equity Services LLC lifted its stake in eXp World by 8.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,896 shares of the technology company’s stock valued at $270,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new position in eXp World during the fourth quarter worth about $31,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson raised their price target on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a report on Thursday, August 1st.

eXp World Stock Performance

Shares of EXPI opened at $14.73 on Friday. The firm has a market cap of $2.28 billion, a P/E ratio of -86.65 and a beta of 2.30. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $17.83. The firm’s 50-day simple moving average is $12.96 and its 200 day simple moving average is $11.65.

eXp World (NASDAQ:EXPI) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. eXp World’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. As a group, equities analysts forecast that eXp World Holdings, Inc. will post 0.09 earnings per share for the current year.

eXp World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Wednesday, August 14th. eXp World’s dividend payout ratio is currently -117.65%.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $10.62, for a total transaction of $265,500.00. Following the transaction, the chief executive officer now directly owns 41,462,388 shares of the company’s stock, valued at $440,330,560.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Randall D. Miles sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total transaction of $453,300.00. Following the completion of the sale, the director now directly owns 547,665 shares in the company, valued at approximately $8,275,218.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $10.62, for a total value of $265,500.00. Following the completion of the transaction, the chief executive officer now owns 41,462,388 shares in the company, valued at approximately $440,330,560.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 638,990 shares of company stock valued at $8,270,615. 35.70% of the stock is owned by company insiders.

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.