Swiss National Bank Raises Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Swiss National Bank boosted its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,200 shares of the technology company’s stock after purchasing an additional 2,800 shares during the quarter. Swiss National Bank owned approximately 0.10% of eXp World worth $1,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans grew its holdings in eXp World by 3.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company’s stock worth $936,000 after acquiring an additional 2,126 shares in the last quarter. Entropy Technologies LP grew its stake in eXp World by 19.2% in the fourth quarter. Entropy Technologies LP now owns 14,920 shares of the technology company’s stock worth $172,000 after purchasing an additional 2,400 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in eXp World in the third quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new stake in eXp World during the fourth quarter valued at approximately $32,000. Finally, Arrowroot Family Office LLC lifted its holdings in eXp World by 24.9% during the 3rd quarter. Arrowroot Family Office LLC now owns 21,537 shares of the technology company’s stock worth $303,000 after buying an additional 4,287 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

eXp World Stock Down 2.6 %

Shares of EXPI stock opened at $9.97 on Friday. The company has a market cap of $1.52 billion, a P/E ratio of -71.21 and a beta of 2.33. The business has a 50 day moving average of $10.53 and a two-hundred day moving average of $12.16. eXp World Holdings, Inc. has a 52 week low of $9.20 and a 52 week high of $15.39.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data 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. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. Analysts expect 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 was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.01%. eXp World’s payout ratio is currently -142.86%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $10.74, for a total transaction of $268,500.00. Following the transaction, the chief executive officer now owns 40,122,450 shares of the company’s stock, valued at approximately $430,915,113. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 300,000 shares of company stock valued at $3,208,750. Insiders own 27.96% of the company’s stock.

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.