64,841 Shares in eXp World Holdings, Inc. (NASDAQ:EXPI) Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp purchased a new position in eXp World Holdings, Inc. (NASDAQ:EXPI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 64,841 shares of the technology company’s stock, valued at approximately $1,315,000.

A number of other hedge funds have also bought and sold shares of EXPI. Millennium Management LLC grew its stake in eXp World by 114.1% in the second quarter. Millennium Management LLC now owns 1,654,463 shares of the technology company’s stock worth $19,473,000 after purchasing an additional 881,750 shares in the last quarter. Vanguard Group Inc. grew its stake in eXp World by 8.0% in the third quarter. Vanguard Group Inc. now owns 10,422,839 shares of the technology company’s stock worth $116,840,000 after purchasing an additional 769,969 shares in the last quarter. Bank of America Corp DE boosted its stake in eXp World by 111.2% in the first quarter. Bank of America Corp DE now owns 1,329,595 shares of the technology company’s stock valued at $16,873,000 after acquiring an additional 700,052 shares during the period. Norges Bank acquired a new position in eXp World in the fourth quarter valued at approximately $7,173,000. Finally, Morgan Stanley boosted its stake in eXp World by 66.5% in the fourth quarter. Morgan Stanley now owns 926,522 shares of the technology company’s stock valued at $10,266,000 after acquiring an additional 370,062 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jose Enrique Valdes sold 50,000 shares of eXp World stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $19.53, for a total transaction of $976,500.00. Following the sale, the insider now owns 11 shares of the company’s stock, valued at $214.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Jason Gesing sold 20,000 shares of eXp World stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $19.28, for a total transaction of $385,600.00. Following the sale, the director now owns 2,297,858 shares of the company’s stock, valued at $44,302,702.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jose Enrique Valdes sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $19.53, for a total value of $976,500.00. Following the sale, the insider now directly owns 11 shares in the company, valued at approximately $214.83. The disclosure for this sale can be found here. Corporate insiders own 35.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson lifted their target price on eXp World from $20.00 to $28.00 in a research note on Monday, August 7th.

eXp World Stock Up 3.0 %

Shares of EXPI stock opened at $13.21 on Friday. The business has a 50 day moving average of $14.87 and a two-hundred day moving average of $17.74. eXp World Holdings, Inc. has a 52 week low of $9.96 and a 52 week high of $25.39. The company has a market cap of $2.03 billion, a P/E ratio of 440.33 and a beta of 2.68.

eXp World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.51%. eXp World’s payout ratio is currently 666.67%.

About eXp World

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.