SBI Securities Co. Ltd. Makes New $32,000 Investment in eXp World Holdings, Inc. (NASDAQ:EXPI)

SBI Securities Co. Ltd. purchased a new position in eXp World Holdings, Inc. (NASDAQ:EXPI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,763 shares of the technology company’s stock, valued at approximately $32,000.

Other hedge funds have also bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in shares of eXp World in the 3rd quarter worth about $34,000. Sims Investment Management LLC bought a new stake in shares of eXp World in the 4th quarter worth about $121,000. CIBC Asset Management Inc bought a new stake in shares of eXp World in the 4th quarter worth about $122,000. IHT Wealth Management LLC bought a new stake in shares of eXp World in the 3rd quarter worth about $145,000. Finally, Entropy Technologies LP increased its holdings in shares of eXp World by 19.2% in the 4th quarter. Entropy Technologies LP now owns 14,920 shares of the technology company’s stock worth $172,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

eXp World Trading Down 1.1 %

Shares of NASDAQ:EXPI opened at $9.55 on Thursday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -68.21 and a beta of 2.33. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $15.39. The firm’s 50-day moving average is $10.83 and its 200 day moving average is $12.35.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. As a group, equities analysts forecast that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 2.09%. eXp World’s payout ratio is -142.86%.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “neutral” rating and issued a $13.50 target price on shares of eXp World in a report on Friday, February 21st.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $12.60, for a total value of $630,000.00. Following the transaction, the chief executive officer now directly owns 40,209,080 shares in the company, valued at $506,634,408. This represents a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have sold 336,630 shares of company stock worth $3,773,961. Insiders own 35.70% 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.