eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Sold by Algert Global LLC

Algert Global LLC reduced its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,692 shares of the technology company’s stock after selling 25,393 shares during the period. Algert Global LLC’s holdings in eXp World were worth $3,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXPI. Barclays PLC increased its holdings in shares of eXp World by 27.8% during the third quarter. Barclays PLC now owns 144,758 shares of the technology company’s stock valued at $2,040,000 after acquiring an additional 31,509 shares in the last quarter. JPMorgan Chase & Co. increased its stake in 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. Nordea Investment Management AB raised its holdings in shares of eXp World by 4.8% in the fourth quarter. Nordea Investment Management AB now owns 369,266 shares of the technology company’s stock worth $4,328,000 after buying an additional 16,807 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of eXp World by 6.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 75,965 shares of the technology company’s stock worth $874,000 after buying an additional 4,913 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of eXp World by 26.6% during the fourth quarter. Blue Trust Inc. now owns 32,573 shares of the technology company’s stock valued at $375,000 after buying an additional 6,840 shares during the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $8.94, for a total transaction of $223,500.00. Following the transaction, the chief executive officer now owns 39,678,400 shares in the company, valued at approximately $354,724,896. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 300,000 shares of company stock valued at $2,943,100 in the last ninety days. 27.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated 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

Shares of eXp World stock opened at $7.50 on Thursday. eXp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39. The stock has a market cap of $1.14 billion, a PE ratio of -53.54 and a beta of 2.66. The firm has a fifty day moving average price of $9.41 and a 200 day moving average price of $11.23.

eXp World (NASDAQ:EXPI) last posted its earnings results on Tuesday, May 6th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.12). eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The company had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. During the same period last year, the business earned ($0.02) earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, equities analysts expect that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Monday, May 19th will be given a $0.05 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.67%. eXp World’s dividend payout ratio (DPR) is currently -142.86%.

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.