Handelsbanken Fonder AB Increases Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Handelsbanken Fonder AB raised its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,700 shares of the technology company’s stock after acquiring an additional 1,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in eXp World were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of eXp World by 201.3% in the fourth quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,955 shares in the last quarter. International Assets Investment Management LLC purchased a new position in eXp World in the 4th quarter valued at approximately $48,000. DekaBank Deutsche Girozentrale acquired a new position in shares of eXp World in the third quarter worth $51,000. Exchange Traded Concepts LLC increased its position in shares of eXp World by 28.9% during the third quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,156 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in shares of eXp World in the third quarter valued at $164,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

eXp World Trading Up 10.8 %

eXp World stock opened at $11.25 on Friday. The company has a fifty day simple moving average of $10.71 and a 200-day simple moving average of $12.52. The stock has a market cap of $1.71 billion, a P/E ratio of -187.50 and a beta of 2.29. eXp World Holdings, Inc. has a 12-month low of $8.91 and a 12-month high of $25.39.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. eXp World had a positive return on equity of 0.09% and a negative net margin of 0.21%. The company had revenue of $943.10 million during the quarter, compared to the consensus estimate of $893.24 million. During the same period in the previous year, the business earned $0.01 EPS. eXp World’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that eXp World Holdings, Inc. will post 0.22 earnings per share for the current fiscal year.

eXp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. eXp World’s payout ratio is currently -333.33%.

Analyst Ratings Changes

Several brokerages have weighed in on EXPI. TheStreet downgraded eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th. DA Davidson reissued an “underperform” rating and set a $11.75 price objective on shares of eXp World in a research report 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.