eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 411,874 shares of the technology company’s stock after buying an additional 11,588 shares during the period. Principal Financial Group Inc. owned approximately 0.27% of eXp World worth $4,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new stake in shares of eXp World in the fourth quarter valued at $60,767,000. State Street Corp boosted its position in eXp World by 4.1% during the 3rd quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock worth $42,019,000 after acquiring an additional 117,418 shares during the period. Geode Capital Management LLC grew its holdings in shares of eXp World by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company’s stock valued at $31,161,000 after acquiring an additional 118,210 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in eXp World by 16.6% in 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 purchasing an additional 183,823 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of eXp World by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company’s stock valued at $7,333,000 after purchasing an additional 75,431 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $10.04, for a total value of $251,000.00. Following the transaction, the chief executive officer now owns 39,878,400 shares in the company, valued at $400,379,136. This trade 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 the SEC website. Insiders sold 361,630 shares of company stock valued at $4,179,961 over the last ninety days. 35.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

eXp World Stock Performance

Shares of EXPI opened at $9.75 on Tuesday. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $15.39. The firm has a market capitalization of $1.50 billion, a P/E ratio of -69.64 and a beta of 2.29. The company has a 50-day simple moving average of $11.10 and a 200-day simple moving average of $12.48.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities analysts forecast that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 2.05%. eXp World’s dividend payout ratio (DPR) is presently -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.