EntryPoint Capital LLC purchased a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI – Free Report) 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 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.
Check Out Our Latest Stock Analysis on EXPI
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.
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