Jacobs Levy Equity Management Inc. Cuts Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Jacobs Levy Equity Management Inc. reduced its position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,508 shares of the technology company’s stock after selling 2,228 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in eXp World were worth $409,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EXPI. Pacer Advisors Inc. purchased a new stake in shares of eXp World in the fourth quarter valued at approximately $60,767,000. Baring Financial LLC purchased a new stake in shares of eXp World in the fourth quarter valued at approximately $5,222,000. Vanguard Group Inc. grew its position in shares of eXp World by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company’s stock valued at $140,834,000 after purchasing an additional 208,920 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of eXp World by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company’s stock valued at $8,369,000 after purchasing an additional 206,677 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of eXp World in the fourth quarter valued at approximately $1,954,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $10.21, for a total value of $255,250.00. Following the transaction, the chief executive officer now directly owns 39,903,400 shares in the company, valued at approximately $407,413,714. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 300,000 shares of company stock worth $2,864,350. Insiders own 27.96% of the company’s stock.

Analysts Set New Price Targets

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

eXp World Price Performance

EXPI stock opened at $8.00 on Friday. The business has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $10.97. The firm has a market capitalization of $1.25 billion, a PE ratio of -57.14 and a beta of 2.66. eXp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39.

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

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 19th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, May 19th. eXp World’s dividend payout ratio is presently -181.82%.

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.