EntryPoint Capital LLC Invests $124,000 in eXp World Holdings, Inc. (NASDAQ:EXPI)

EntryPoint Capital LLC purchased a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,957 shares of the technology company’s stock, valued at approximately $124,000.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of eXp World during the 4th quarter worth about $7,141,000. Vident Advisory LLC lifted its position in shares of eXp World by 594.0% during the 1st quarter. Vident Advisory LLC now owns 289,831 shares of the technology company’s stock worth $2,994,000 after purchasing an additional 248,070 shares during the last quarter. Copeland Capital Management LLC lifted its position in shares of eXp World by 6.4% during the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock worth $60,011,000 after purchasing an additional 232,321 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of eXp World during the 3rd quarter worth about $3,771,000. Finally, Vanguard Group Inc. raised its holdings in eXp World by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,017,564 shares of the technology company’s stock valued at $195,165,000 after acquiring an additional 168,360 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

eXp World Price Performance

Shares of EXPI traded up $0.39 during mid-day trading on Friday, reaching $14.49. The company had a trading volume of 476,799 shares, compared to its average volume of 1,068,594. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $25.39. The company’s 50-day moving average is $11.62 and its 200-day moving average is $11.61. The company has a market capitalization of $2.24 billion, a P/E ratio of -84.70 and a beta of 2.34.

eXp World (NASDAQ:EXPI) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $943.10 million for the quarter, compared to analyst estimates of $893.24 million. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. eXp World’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 EPS. As a group, equities analysts expect that eXp World Holdings, Inc. will post 0.18 EPS for the current fiscal year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a yield of 1.38%. eXp World’s payout ratio is -117.64%.

Analyst Ratings Changes

Several research firms have commented on EXPI. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday. DA Davidson reaffirmed a “neutral” rating and issued a $11.75 price target on shares of eXp World in a report on Friday, July 12th.

Insider Buying and Selling at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $10.92, for a total value of $273,000.00. Following the transaction, the chief executive officer now directly owns 41,513,393 shares in the company, valued at approximately $453,326,251.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 294,783 shares of company stock worth $3,674,740. Insiders own 35.70% of the company’s stock.

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.