Maryland State Retirement & Pension System Has $305,000 Stock Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Maryland State Retirement & Pension System lessened its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 4.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,994 shares of the technology company’s stock after selling 1,292 shares during the period. Maryland State Retirement & Pension System’s holdings in eXp World were worth $305,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Financial Advocates Investment Management bought a new stake in shares of eXp World during the 2nd quarter worth approximately $117,000. Bank of New York Mellon Corp raised its position in eXp World by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 710,428 shares of the technology company’s stock worth $8,017,000 after acquiring an additional 36,569 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in eXp World by 2.4% in the second quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the technology company’s stock valued at $440,000 after acquiring an additional 900 shares during the last quarter. Blue Trust Inc. lifted its stake in eXp World by 585.1% in the second quarter. Blue Trust Inc. now owns 12,360 shares of the technology company’s stock valued at $128,000 after acquiring an additional 10,556 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of eXp World by 71.0% in the 2nd quarter. SG Americas Securities LLC now owns 35,466 shares of the technology company’s stock valued at $400,000 after acquiring an additional 14,730 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $10.62, for a total transaction of $265,500.00. Following the transaction, the chief executive officer now owns 41,462,388 shares in the company, valued at approximately $440,330,560.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 498,430 shares of company stock worth $6,319,335 in the last ninety days. 35.70% of the stock is owned by company insiders.

eXp World Price Performance

Shares of EXPI opened at $11.70 on Thursday. The company’s 50-day moving average is $12.46 and its 200-day moving average is $11.53. The firm has a market capitalization of $1.81 billion, a PE ratio of -69.65 and a beta of 2.34. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $19.66.

eXp World (NASDAQ:EXPI) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share. Analysts predict that eXp World Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.71%. eXp World’s payout ratio is currently -117.65%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd. DA Davidson raised their price objective on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, August 1st.

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