Mercer Global Advisors Inc. ADV Has $148,000 Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Mercer Global Advisors Inc. ADV cut its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 97.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,839 shares of the technology company’s stock after selling 557,505 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in eXp World were worth $148,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. PDT Partners LLC acquired a new stake in eXp World during the 4th quarter worth about $609,000. Northern Trust Corp boosted its position in eXp World by 8.2% during the 4th quarter. Northern Trust Corp now owns 1,154,661 shares of the technology company’s stock worth $13,290,000 after acquiring an additional 87,966 shares during the period. Aquatic Capital Management LLC raised its stake in shares of eXp World by 33.0% during the 4th quarter. Aquatic Capital Management LLC now owns 26,736 shares of the technology company’s stock worth $308,000 after purchasing an additional 6,636 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in shares of eXp World during the 4th quarter worth about $170,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of eXp World by 11.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 79,233 shares of the technology company’s stock worth $912,000 after purchasing an additional 8,102 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

eXp World Price Performance

EXPI opened at $8.00 on Friday. eXp World Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $15.39. The business has a 50-day moving average of $9.12 and a 200-day moving average of $10.97. The company has a market capitalization of $1.25 billion, a PE ratio of -57.14 and a beta of 2.66.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The firm had revenue of $954.91 million for the quarter, compared to analysts’ expectations of $994.83 million. During the same period last year, the business earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts expect 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 will be paid on Wednesday, June 4th. Investors of record on Monday, May 19th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, May 19th. eXp World’s payout ratio is -181.82%.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $10.21, for a total value of $255,250.00. Following the transaction, the chief executive officer now directly owns 39,903,400 shares of the company’s stock, valued at approximately $407,413,714. This trade represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 300,000 shares of company stock valued at $2,864,350. Corporate insiders own 27.96% of the company’s stock.

Wall Street Analyst Weigh In

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

eXp World 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.