Renaissance Technologies LLC Buys 101,600 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Renaissance Technologies LLC lifted its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 6.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,803,116 shares of the technology company’s stock after buying an additional 101,600 shares during the quarter. Renaissance Technologies LLC owned about 1.16% of eXp World worth $20,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Scarborough Advisors LLC purchased a new position in shares of eXp World during the fourth quarter valued at about $31,000. Pineridge Advisors LLC purchased a new position in eXp World during the 4th quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new stake in eXp World in the 2nd quarter worth approximately $29,000. PNC Financial Services Group Inc. raised its holdings in shares of eXp World by 29.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock worth $116,000 after acquiring an additional 1,681 shares in the last quarter. Finally, nVerses Capital LLC boosted its position in shares of eXp World by 102.2% during the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after acquiring an additional 4,600 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 20,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $10.74, for a total transaction of $214,800.00. Following the completion of the sale, the chief executive officer now owns 41,474,292 shares in the company, valued at $445,433,896.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Glenn Darrel Sanford sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $10.74, for a total value of $214,800.00. Following the sale, the chief executive officer now directly owns 41,474,292 shares in the company, valued at approximately $445,433,896.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Randall D. Miles sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 547,665 shares of the company’s stock, valued at approximately $8,275,218.15. The disclosure for this sale can be found here. Insiders have sold a total of 640,241 shares of company stock valued at $8,289,380 over the last ninety days. 35.70% of the stock is owned by company insiders.

eXp World Stock Down 4.8 %

Shares of NASDAQ:EXPI opened at $14.03 on Friday. The business’s 50 day moving average is $12.99 and its 200 day moving average is $11.66. The stock has a market cap of $2.17 billion, a P/E ratio of -82.53 and a beta of 2.30. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $17.11.

eXp World (NASDAQ:EXPI) last announced its quarterly 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). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that eXp World Holdings, Inc. will post 0.09 EPS for the current fiscal year.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. eXp World’s dividend payout ratio is presently -117.65%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd. DA Davidson upped their target price on shares of eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, August 1st.

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.