Principal Financial Group Inc. Boosts Stock Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Principal Financial Group Inc. grew its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 400,286 shares of the technology company’s stock after purchasing an additional 15,024 shares during the quarter. Principal Financial Group Inc. owned approximately 0.26% of eXp World worth $5,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of EXPI. Edgestream Partners L.P. acquired a new stake in shares of eXp World during the first quarter worth about $578,000. Vanguard Group Inc. raised its position in eXp World by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock valued at $125,093,000 after purchasing an additional 107,303 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in eXp World by 91.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company’s stock worth $1,642,000 after purchasing an additional 55,814 shares during the period. Vident Advisory LLC grew its position in eXp World by 594.0% during the 1st quarter. Vident Advisory LLC now owns 289,831 shares of the technology company’s stock worth $2,994,000 after purchasing an additional 248,070 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in eXp World by 29.7% in the second quarter. Dimensional Fund Advisors LP now owns 240,099 shares of the technology company’s stock valued at $2,709,000 after purchasing an additional 55,031 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson boosted their price target on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, August 1st.

eXp World Price Performance

NASDAQ:EXPI opened at $12.84 on Thursday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -58.32 and a beta of 2.31. The firm’s fifty day moving average price is $13.58 and its 200 day moving average price is $12.57. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $17.11.

eXp World Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, November 18th. 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 -90.91%.

Insider Buying and Selling

In related news, Director Randall D. Miles sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 547,665 shares in the company, valued at $8,275,218.15. This trade represents a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $12.72, for a total transaction of $636,000.00. Following the sale, the chief executive officer now directly owns 40,439,080 shares in the company, valued at approximately $514,385,097.60. This represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 637,907 shares of company stock valued at $8,622,482 over the last ninety days. Corporate insiders own 28.85% of the company’s stock.

eXp World 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.