38,500 Shares in eXp World Holdings, Inc. (NASDAQ:EXPI) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in eXp World Holdings, Inc. (NASDAQ:EXPI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 38,500 shares of the technology company’s stock, valued at approximately $598,000.

A number of other large investors have also modified their holdings of EXPI. Qube Research & Technologies Ltd increased its holdings in shares of eXp World by 861.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 291,809 shares of the technology company’s stock worth $4,739,000 after acquiring an additional 261,466 shares during the period. Copeland Capital Management LLC increased its stake in 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 valued at $60,011,000 after buying an additional 232,321 shares during the period. Wellington Management Group LLP acquired a new position in eXp World during the 3rd quarter valued at about $3,771,000. Lazard Asset Management LLC increased its stake in eXp World by 13,021.4% during the 3rd quarter. Lazard Asset Management LLC now owns 188,030 shares of the technology company’s stock valued at $3,052,000 after buying an additional 186,597 shares during the period. Finally, Vanguard Group Inc. increased its stake in eXp World by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,017,564 shares of the technology company’s stock valued at $195,165,000 after buying an additional 168,360 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Trading Up 1.5 %

eXp World stock opened at $10.12 on Monday. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $25.39. The company’s 50-day moving average price is $10.78 and its two-hundred day moving average price is $12.61. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -168.67 and a beta of 2.29.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). eXp World had a negative net margin of 0.21% and a positive return on equity of 0.09%. The business had revenue of $983.05 million for the quarter, compared to the consensus estimate of $944.40 million. Research analysts expect that eXp World Holdings, Inc. will post 0.22 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.20 annualized dividend and a dividend yield of 1.98%. eXp World’s dividend payout ratio (DPR) is -333.33%.

Analyst Upgrades and Downgrades

EXPI has been the topic of several research analyst reports. TheStreet cut shares of eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th. DA Davidson lowered their target price on shares of eXp World from $13.00 to $11.75 and set an “underperform” rating on the stock in a research note on Thursday.

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 cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.