Thrivent Financial for Lutherans Sells 2,439 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Thrivent Financial for Lutherans decreased its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,273 shares of the technology company’s stock after selling 2,439 shares during the period. Thrivent Financial for Lutherans’ holdings in eXp World were worth $725,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EXPI. Nordea Investment Management AB grew its position in eXp World by 49.3% in the first quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock valued at $4,326,000 after purchasing an additional 136,151 shares in the last quarter. Quantbot Technologies LP lifted its stake in eXp World by 551.7% in the first quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock valued at $934,000 after acquiring an additional 76,536 shares during the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new stake in eXp World in the first quarter valued at $469,000. Allspring Global Investments Holdings LLC lifted its stake in eXp World by 552.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock valued at $124,000 after acquiring an additional 10,195 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in eXp World in the first quarter valued at $578,000. Institutional investors own 27.17% of the company’s stock.

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 83,240 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $12.80, for a total value of $1,065,472.00. Following the transaction, the chief executive officer now owns 41,371,052 shares in the company, valued at approximately $529,549,465.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other eXp World news, CEO Glenn Darrel Sanford sold 83,240 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $12.80, for a total transaction of $1,065,472.00. Following the completion of the sale, the chief executive officer now owns 41,371,052 shares in the company, valued at approximately $529,549,465.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Randall D. Miles sold 30,000 shares of the business’s stock in a transaction on 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 owns 547,665 shares of the company’s stock, valued at $8,275,218.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 665,241 shares of company stock worth $8,855,380. Company insiders own 35.70% of the company’s stock.

eXp World Stock Down 1.7 %

EXPI stock opened at $13.23 on Tuesday. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $17.11. The firm has a market cap of $2.05 billion, a P/E ratio of -77.82 and a beta of 2.30. The company’s 50-day moving average price is $13.00 and its two-hundred day moving average price is $11.85.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results 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 company 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%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities analysts predict that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a $0.05 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.51%. eXp World’s dividend payout ratio (DPR) is currently -117.65%.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson increased their price target 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.

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.