19,162 Shares in eXp World Holdings, Inc. (NASDAQ:EXPI) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPIGet Rating) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 19,162 shares of the technology company’s stock, valued at approximately $226,000.

A number of other large investors also recently modified their holdings of EXPI. Cambridge Investment Research Advisors Inc. increased its position in shares of eXp World by 13.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,235 shares of the technology company’s stock valued at $132,000 after purchasing an additional 1,341 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of eXp World in the 1st quarter valued at approximately $186,000. Strs Ohio increased its position in shares of eXp World by 7.4% in the 2nd quarter. Strs Ohio now owns 16,000 shares of the technology company’s stock valued at $188,000 after purchasing an additional 1,100 shares during the last quarter. Independent Advisor Alliance increased its position in shares of eXp World by 42.9% in the 1st quarter. Independent Advisor Alliance now owns 10,144 shares of the technology company’s stock valued at $215,000 after purchasing an additional 3,043 shares during the last quarter. Finally, Precision Wealth Strategies LLC boosted its holdings in shares of eXp World by 31.9% in the 1st quarter. Precision Wealth Strategies LLC now owns 10,558 shares of the technology company’s stock valued at $224,000 after buying an additional 2,551 shares in the last quarter. 59.54% of the stock is owned by hedge funds and other institutional investors.

eXp World Stock Down 3.6 %

Shares of NASDAQ:EXPI opened at $11.12 on Thursday. eXp World Holdings, Inc. has a 1-year low of $10.46 and a 1-year high of $46.49. The stock has a market cap of $1.70 billion, a P/E ratio of 44.48 and a beta of 2.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.41 and a quick ratio of 2.41. The firm has a fifty day moving average price of $12.17 and a 200 day moving average price of $13.43.

eXp World (NASDAQ:EXPIGet Rating) last released its earnings results on Wednesday, November 2nd. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). eXp World had a return on equity of 15.52% and a net margin of 0.80%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.40 billion. Sell-side analysts predict that eXp World Holdings, Inc. will post 0.26 EPS for the current year.

eXp World Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, November 10th. This is an increase from eXp World’s previous quarterly dividend of $0.04. eXp World’s dividend payout ratio (DPR) is currently 72.00%.

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 9,000 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $18.29, for a total value of $164,610.00. Following the completion of the transaction, the chief executive officer now owns 42,034,338 shares in the company, valued at approximately $768,808,042.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Glenn Darrel Sanford sold 9,000 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $18.29, for a total value of $164,610.00. Following the completion of the transaction, the chief executive officer now owns 42,034,338 shares in the company, valued at approximately $768,808,042.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Penny Sanford sold 60,000 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $16.60, for a total transaction of $996,000.00. Following the completion of the transaction, the insider now owns 27,584,043 shares of the company’s stock, valued at approximately $457,895,113.80. The disclosure for this sale can be found here. Insiders sold 276,173 shares of company stock worth $3,879,814 in the last 90 days. 35.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their target price on shares of eXp World from $20.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, November 3rd.

About eXp World

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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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Institutional Ownership by Quarter for eXp World (NASDAQ:EXPI)

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