Blue Trust Inc. Has $363,000 Stake in eXp World Holdings, Inc. (NASDAQ:EXPI)

Blue Trust Inc. raised its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 108.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,733 shares of the technology company’s stock after buying an additional 13,373 shares during the period. Blue Trust Inc.’s holdings in eXp World were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB lifted its position 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 worth $4,326,000 after acquiring an additional 136,151 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of eXp World by 551.7% during the first quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock worth $934,000 after buying an additional 76,536 shares during the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in eXp World in the 1st quarter valued at $469,000. Allspring Global Investments Holdings LLC raised its position in shares of eXp World by 552.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock valued at $124,000 after buying an additional 10,195 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in eXp World in the 1st quarter valued at approximately $578,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $12.82, for a total value of $512,800.00. Following the completion of the sale, the chief executive officer now owns 40,629,780 shares in the company, valued at approximately $520,873,779.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other eXp World news, Director Randall D. Miles sold 30,000 shares of the business’s 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 directly owns 547,665 shares of the company’s stock, valued at approximately $8,275,218.15. 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, CEO Glenn Darrel Sanford sold 40,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $12.82, for a total transaction of $512,800.00. Following the transaction, the chief executive officer now owns 40,629,780 shares in the company, valued at approximately $520,873,779.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 606,463 shares of company stock valued at $8,025,070 over the last ninety days. 35.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

eXp World Stock Down 0.5 %

Shares of EXPI stock opened at $12.78 on Thursday. The company has a market capitalization of $1.98 billion, a P/E ratio of -75.18 and a beta of 2.30. eXp World Holdings, Inc. has a 12-month low of $8.91 and a 12-month high of $17.11. The firm has a 50-day moving average price of $13.11 and a 200 day moving average price of $12.10.

eXp World (NASDAQ:EXPI) last announced 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). eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, research analysts expect that eXp World Holdings, Inc. will post 0.09 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a $0.05 dividend. 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 1.56%. 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.