Allspring Global Investments Holdings LLC Buys New Shares in eXp World Holdings, Inc. (NASDAQ:EXPI)

Allspring Global Investments Holdings LLC bought a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,147 shares of the technology company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in eXp World by 49.3% in the first quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock valued at $4,326,000 after buying an additional 136,151 shares during the period. Quantbot Technologies LP increased its stake in eXp World by 551.7% in the first quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock valued at $934,000 after purchasing an additional 76,536 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in eXp World in the first quarter valued at $469,000. Edgestream Partners L.P. bought a new stake in eXp World in the first quarter valued at $578,000. Finally, Texas Permanent School Fund Corp increased its position in shares of eXp World by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 67,302 shares of the technology company’s stock worth $695,000 after acquiring an additional 881 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Wall Street Analyst Weigh In

EXPI has been the subject of several recent research reports. DA Davidson boosted their target price on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd.

Insider Buying and Selling at eXp World

In other eXp World news, Director Randall D. Miles sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total value of $453,300.00. Following the transaction, the director now directly owns 547,665 shares in the company, valued at $8,275,218.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other eXp World news, Director Randall D. Miles sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total value of $453,300.00. Following the transaction, the director now directly owns 547,665 shares in the company, valued at $8,275,218.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glenn Darrel Sanford sold 47,984 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.32, for a total transaction of $591,162.88. Following the completion of the transaction, the chief executive officer now owns 41,022,313 shares in the company, valued at approximately $505,394,896.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 556,463 shares of company stock worth $7,344,570 over the last three months. 28.85% of the stock is currently owned by insiders.

eXp World Stock Performance

Shares of EXPI stock opened at $14.55 on Wednesday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -97.00 and a beta of 2.31. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $17.11. The company has a 50-day simple moving average of $13.21 and a two-hundred day simple moving average of $12.33.

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.