eXp World Holdings, Inc. (NASDAQ:EXPI) Declares Quarterly Dividend of $0.04

eXp World Holdings, Inc. (NASDAQ:EXPIGet Rating) announced a quarterly dividend on Thursday, May 5th, Wall Street Journal reports. Stockholders of record on Monday, May 16th will be given a dividend of 0.04 per share by the technology company on Tuesday, May 31st. This represents a $0.16 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, May 13th.

eXp World has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Analysts expect eXp World to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 26.2%.

EXPI opened at $15.14 on Friday. The business’s fifty day simple moving average is $20.21 and its 200 day simple moving average is $29.90. eXp World has a 52 week low of $13.16 and a 52 week high of $55.43. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.26 billion, a PE ratio of 27.53 and a beta of 3.14.

eXp World (NASDAQ:EXPIGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $942.56 million. eXp World had a net margin of 2.15% and a return on equity of 44.57%. The business’s quarterly revenue was up 73.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. As a group, equities analysts anticipate that eXp World will post 0.44 earnings per share for the current year.

Several analysts recently issued reports on EXPI shares. William Blair reissued a “market perform” rating on shares of eXp World in a research note on Friday, February 25th. DA Davidson reduced their target price on eXp World from $45.00 to $34.00 in a research note on Thursday. Finally, Zacks Investment Research downgraded eXp World from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.00.

In related news, CEO Glenn Darrel Sanford sold 3,456 shares of eXp World stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $15.44, for a total value of $53,360.64. Following the completion of the sale, the chief executive officer now owns 42,034,338 shares of the company’s stock, valued at $649,010,178.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason Gesing sold 7,000 shares of the stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $13.30, for a total value of $93,100.00. Following the completion of the transaction, the chief executive officer now directly owns 2,195,312 shares in the company, valued at approximately $29,197,649.60. The disclosure for this sale can be found here. Insiders sold 277,942 shares of company stock valued at $6,292,481 in the last 90 days. Company insiders own 35.90% of the company’s stock.

A number of large investors have recently modified their holdings of the business. State Street Corp boosted its position in shares of eXp World by 3.3% during the fourth quarter. State Street Corp now owns 1,268,792 shares of the technology company’s stock worth $42,746,000 after acquiring an additional 40,242 shares during the last quarter. Morgan Stanley boosted its position in shares of eXp World by 25.0% during the 2nd quarter. Morgan Stanley now owns 648,029 shares of the technology company’s stock valued at $25,124,000 after acquiring an additional 129,780 shares during the last quarter. Norges Bank purchased a new position in shares of eXp World in the fourth quarter valued at $14,397,000. Bank of New York Mellon Corp increased its position in eXp World by 9.0% in the third quarter. Bank of New York Mellon Corp now owns 236,212 shares of the technology company’s stock worth $9,393,000 after purchasing an additional 19,451 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in eXp World by 52.1% during the fourth quarter. JPMorgan Chase & Co. now owns 98,458 shares of the technology company’s stock valued at $3,316,000 after purchasing an additional 33,713 shares in the last quarter. 54.70% of the stock is currently owned by institutional investors and hedge funds.

About eXp World (Get Rating)

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers.

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