Charles Schwab Investment Management Inc. Grows Stock Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Charles Schwab Investment Management Inc. boosted its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,411,663 shares of the technology company’s stock after buying an additional 123,314 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.92% of eXp World worth $16,248,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EXPI. Plato Investment Management Ltd raised its stake in shares of eXp World by 16,347.0% during the 4th quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company’s stock worth $125,000 after buying an additional 10,789 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of eXp World during the fourth quarter worth about $32,000. Sims Investment Management LLC acquired a new position in shares of eXp World in the fourth quarter valued at approximately $121,000. Illinois Municipal Retirement Fund lifted its stake in shares of eXp World by 27.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 48,503 shares of the technology company’s stock valued at $558,000 after buying an additional 10,574 shares during the period. Finally, Hussman Strategic Advisors Inc. acquired a new stake in eXp World during the fourth quarter worth approximately $483,000. 27.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $9.76, for a total value of $244,000.00. Following the completion of the sale, the chief executive officer now owns 39,853,400 shares of the company’s stock, valued at $388,969,184. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 311,630 shares of company stock worth $3,387,961. 27.96% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, DA Davidson reissued a “neutral” rating and set a $13.50 price target on shares of eXp World in a research note on Friday, February 21st.

eXp World Price Performance

EXPI opened at $9.86 on Friday. eXp World Holdings, Inc. has a 12 month low of $9.20 and a 12 month high of $15.39. The business has a 50-day moving average of $10.64 and a two-hundred day moving average of $12.23. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -70.42 and a beta of 2.33.

eXp World (NASDAQ:EXPI) last released its earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $1.10 billion during 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%. Equities research analysts anticipate that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Tuesday, March 4th. eXp World’s dividend payout ratio (DPR) is currently -142.86%.

eXp World Company 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.