Geode Capital Management LLC Increases Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Geode Capital Management LLC boosted its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,211,172 shares of the technology company’s stock after buying an additional 118,210 shares during the quarter. Geode Capital Management LLC owned approximately 1.44% of eXp World worth $31,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of EXPI. Millennium Management LLC grew its holdings in shares of eXp World by 91.7% during the 2nd quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock valued at $15,544,000 after purchasing an additional 659,012 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in eXp World by 16.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock valued at $18,153,000 after buying an additional 183,823 shares during the period. Algert Global LLC grew its stake in shares of eXp World by 147.6% during the third quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock valued at $4,172,000 after buying an additional 176,509 shares during the last quarter. FMR LLC increased its holdings in shares of eXp World by 4,338.7% in the third quarter. FMR LLC now owns 123,885 shares of the technology company’s stock worth $1,746,000 after buying an additional 121,094 shares during the period. Finally, State Street Corp lifted its stake in shares of eXp World by 4.1% in the 3rd quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock valued at $42,019,000 after acquiring an additional 117,418 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors.

Insider Activity at eXp World

In other news, CAO Jian Cheng sold 18,750 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $258,937.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $14.48, for a total value of $724,000.00. Following the completion of the sale, the chief executive officer now directly owns 40,489,080 shares in the company, valued at $586,281,878.40. The trade was a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 594,106 shares of company stock worth $8,028,028 in the last three months. 28.85% of the stock is owned by insiders.

eXp World Price Performance

EXPI opened at $11.82 on Thursday. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $16.48. The stock’s 50 day simple moving average is $13.27 and its 200 day simple moving average is $12.81. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -53.73 and a beta of 2.27.

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, November 18th. eXp World’s payout ratio is -90.91%.

About eXp World

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.