California State Teachers Retirement System Reduces Stake in eXp World Holdings, Inc. (NASDAQ:EXPI)

California State Teachers Retirement System decreased its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 1.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 86,266 shares of the technology company’s stock after selling 926 shares during the period. California State Teachers Retirement System owned 0.06% of eXp World worth $1,095,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Personal CFO Solutions LLC increased its stake in eXp World by 22.5% in the 1st quarter. Personal CFO Solutions LLC now owns 22,187 shares of the technology company’s stock worth $282,000 after acquiring an additional 4,069 shares during the last quarter. Barclays PLC increased its stake in eXp World by 74.2% in the 1st quarter. Barclays PLC now owns 35,513 shares of the technology company’s stock worth $451,000 after acquiring an additional 15,122 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in eXp World in the 1st quarter worth about $69,000. Jump Financial LLC increased its stake in eXp World by 5.5% in the 1st quarter. Jump Financial LLC now owns 124,871 shares of the technology company’s stock worth $1,585,000 after acquiring an additional 6,498 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in eXp World by 5.7% in the 1st quarter. Victory Capital Management Inc. now owns 25,455 shares of the technology company’s stock worth $323,000 after acquiring an additional 1,382 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 500,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $19.36, for a total transaction of $9,680,000.00. Following the completion of the sale, the chief executive officer now directly owns 41,534,338 shares in the company, valued at approximately $804,104,783.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Glenn Darrel Sanford sold 500,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $19.36, for a total transaction of $9,680,000.00. Following the completion of the sale, the chief executive officer now directly owns 41,534,338 shares in the company, valued at approximately $804,104,783.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jian Cheng sold 43,750 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $23.68, for a total value of $1,036,000.00. The disclosure for this sale can be found here. Insiders sold 1,144,889 shares of company stock worth $24,610,928 in the last ninety days. 34.92% of the stock is owned by company insiders.

eXp World Trading Down 0.7 %

Shares of eXp World stock opened at $19.08 on Friday. The firm has a market capitalization of $2.93 billion, a PE ratio of 381.68 and a beta of 2.73. The business’s 50-day moving average price is $21.70 and its 200-day moving average price is $16.57. eXp World Holdings, Inc. has a 12 month low of $9.96 and a 12 month high of $25.39.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. eXp World had a net margin of 0.19% and a return on equity of 3.17%. eXp World’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. As a group, analysts predict that eXp World Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.

eXp World Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 4th. Investors of record on Friday, August 18th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, August 17th. This is a boost from eXp World’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a yield of 1.05%. eXp World’s dividend payout ratio is currently 400.08%.

Analyst Ratings Changes

A number of brokerages have weighed in on EXPI. DA Davidson upped their target price on eXp World from $20.00 to $28.00 in a research note on Monday, August 7th. BTIG Research started coverage on eXp World in a research report on Monday, July 17th. They set a “sell” rating and a $14.00 price objective on the 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 technology platform that provides 24/7 access to collaboration tools, training, and social communities for real estate agents and employees.