Texas Permanent School Fund Corp Reduces Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Texas Permanent School Fund Corp lowered its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 57,556 shares of the technology company’s stock after selling 9,746 shares during the quarter. Texas Permanent School Fund Corp’s holdings in eXp World were worth $650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of eXp World in the fourth quarter worth about $7,141,000. Vident Advisory LLC grew its stake in eXp World by 594.0% in the 1st quarter. Vident Advisory LLC now owns 289,831 shares of the technology company’s stock valued at $2,994,000 after buying an additional 248,070 shares in the last quarter. Nordea Investment Management AB raised its holdings in eXp World by 49.3% during the 1st quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock valued at $4,326,000 after acquiring an additional 136,151 shares during the period. Vanguard Group Inc. raised its holdings in eXp World by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock valued at $125,093,000 after acquiring an additional 107,303 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of eXp World by 12.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 877,657 shares of the technology company’s stock worth $13,621,000 after acquiring an additional 93,810 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other eXp World news, Director Randall D. Miles sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total value of $453,300.00. Following the completion of the transaction, the director now owns 547,665 shares of the company’s stock, valued at approximately $8,275,218.15. The transaction was disclosed in a filing with the SEC, which is available through this link. In other eXp World news, Director Randall D. Miles sold 30,000 shares of eXp World stock in a transaction dated 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 owns 547,665 shares of the company’s stock, valued at $8,275,218.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Glenn Darrel Sanford sold 20,000 shares of the 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 transaction, the chief executive officer now owns 41,474,292 shares in the company, valued at $445,433,896.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 640,241 shares of company stock worth $8,289,380. Insiders own 35.70% of the company’s stock.

eXp World Price Performance

Shares of NASDAQ:EXPI opened at $14.03 on Friday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -82.53 and a beta of 2.30. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $17.11. The firm has a fifty day moving average price of $12.99 and a two-hundred day moving average price of $11.65.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. Equities research analysts expect 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 issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, August 14th. eXp World’s payout ratio is -117.65%.

eXp World Company 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.