Point72 Asset Management L.P. Sells 21,089 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Point72 Asset Management L.P. reduced its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 54.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,771 shares of the technology company’s stock after selling 21,089 shares during the quarter. Point72 Asset Management L.P.’s holdings in eXp World were worth $201,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of eXp World in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in eXp World in the 2nd quarter worth about $29,000. Scarborough Advisors LLC bought a new position in eXp World in the 4th quarter valued at approximately $31,000. Pineridge Advisors LLC acquired a new stake in eXp World during the 4th quarter worth approximately $33,000. Finally, nVerses Capital LLC increased its holdings in eXp World by 102.2% in the second quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after purchasing an additional 4,600 shares during the period. 27.17% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 20,000 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $11.12, for a total transaction of $222,400.00. Following the completion of the sale, the chief executive officer now directly owns 41,454,292 shares in the company, valued at $460,971,727.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Randall D. Miles sold 30,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total transaction of $453,300.00. Following the sale, the director now directly owns 547,665 shares of the company’s stock, valued at approximately $8,275,218.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn Darrel Sanford sold 20,000 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $11.12, for a total value of $222,400.00. Following the completion of the transaction, the chief executive officer now owns 41,454,292 shares of the company’s stock, valued at $460,971,727.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 685,241 shares of company stock valued at $9,077,780. Corporate insiders own 35.70% of the company’s stock.

Wall Street Analyst Weigh In

EXPI has been the topic of a number of analyst reports. DA Davidson upped their price objective on shares of 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 shares of eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd.

eXp World Stock Down 1.2 %

eXp World stock opened at $13.46 on Friday. The company’s 50 day moving average price is $13.00 and its two-hundred day moving average price is $11.83. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $17.11. The stock has a market cap of $2.08 billion, a P/E ratio of -79.18 and a beta of 2.30.

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 analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, equities analysts anticipate that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.49%. eXp World’s dividend payout ratio (DPR) is presently -117.65%.

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.