Prudential Financial Inc. Has $998,000 Stock Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Prudential Financial Inc. cut its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,730 shares of the technology company’s stock after selling 19,602 shares during the period. Prudential Financial Inc. owned 0.06% of eXp World worth $998,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP boosted 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 acquiring an additional 2,400 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in eXp World during the 4th quarter worth about $32,000. Swiss National Bank grew its stake in shares of eXp World by 1.9% during the fourth quarter. Swiss National Bank now owns 151,200 shares of the technology company’s stock valued at $1,740,000 after purchasing an additional 2,800 shares during the last quarter. LPL Financial LLC raised its position in eXp World by 6.4% in the 4th quarter. LPL Financial LLC now owns 52,075 shares of the technology company’s stock worth $599,000 after purchasing an additional 3,149 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in eXp World by 3.8% during the 4th quarter. Sei Investments Co. now owns 127,515 shares of the technology company’s stock worth $1,468,000 after buying an additional 4,661 shares in the last quarter. 27.17% of the stock is owned by institutional investors.

Insider Transactions at eXp World

In related news, CEO Glenn Darrel Sanford sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $9.80, for a total value of $196,000.00. Following the sale, the chief executive officer now directly owns 39,783,400 shares in the company, valued at $389,877,320. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 295,000 shares of company stock worth $3,116,750 in the last three months. Insiders own 27.96% of the company’s stock.

eXp World Trading Up 3.6 %

Shares of NASDAQ:EXPI opened at $9.48 on Monday. eXp World Holdings, Inc. has a 1-year low of $8.64 and a 1-year high of $15.39. The stock has a market capitalization of $1.44 billion, a P/E ratio of -67.71 and a beta of 2.44. The business has a 50-day moving average price of $10.38 and a two-hundred day moving average price of $12.00.

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

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Tuesday, March 4th. eXp World’s dividend payout ratio (DPR) is currently -142.86%.

Analysts Set New Price Targets

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

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.