eXp World Holdings, Inc. (NASDAQ:EXPI) Position Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 428,412 shares of the technology company’s stock after purchasing an additional 2,706 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.28% of eXp World worth $4,931,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of eXp World by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company’s stock valued at $7,333,000 after acquiring an additional 75,431 shares during the period. Principal Financial Group Inc. lifted its position in eXp World by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company’s stock valued at $4,741,000 after purchasing an additional 11,588 shares during the last quarter. Pacer Advisors Inc. bought a new stake in eXp World in the 4th quarter valued at about $60,767,000. Geode Capital Management LLC boosted its stake in eXp World by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company’s stock valued at $31,161,000 after purchasing an additional 118,210 shares during the period. Finally, Raymond James Financial Inc. bought a new position in eXp World in the 4th quarter worth about $1,134,000. 27.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $11.59, for a total transaction of $289,750.00. Following the transaction, the chief executive officer now directly owns 40,072,450 shares in the company, valued at approximately $464,439,695.50. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 305,000 shares of company stock valued at $3,106,850 over the last quarter. Corporate insiders own 27.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “neutral” rating and set a $13.50 price target on shares of eXp World in a report on Friday, February 21st.

eXp World Stock Performance

Shares of EXPI stock opened at $8.80 on Wednesday. The firm has a market capitalization of $1.34 billion, a PE ratio of -62.85 and a beta of 2.44. eXp World Holdings, Inc. has a 1 year low of $8.54 and a 1 year high of $15.39. The stock has a fifty day moving average of $9.82 and a two-hundred day moving average of $11.54.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. Equities research analysts predict that eXp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

eXp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.27%. eXp World’s dividend payout ratio is presently -142.86%.

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.