Bank of America Corp DE Decreases Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Bank of America Corp DE lessened its holdings in eXp World Holdings, Inc. (NASDAQ:EXPI) by 56.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 617,256 shares of the technology company’s stock after selling 798,011 shares during the period. Bank of America Corp DE owned 0.40% of eXp World worth $7,105,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EXPI. SBI Securities Co. Ltd. acquired a new stake in shares of eXp World in the fourth quarter worth approximately $32,000. Graney & King LLC bought a new position in eXp World during the 4th quarter valued at $58,000. Sims Investment Management LLC bought a new position in eXp World during the 4th quarter worth approximately $121,000. CIBC Asset Management Inc bought a new position in shares of eXp World in the 4th quarter worth about $122,000. Finally, Plato Investment Management Ltd lifted its holdings in shares of eXp World by 16,347.0% in the 4th quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company’s stock worth $125,000 after purchasing an additional 10,789 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $9.76, for a total transaction of $244,000.00. Following the completion of the sale, the chief executive officer now owns 39,853,400 shares in the company, valued at approximately $388,969,184. This represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 275,000 shares of company stock valued at $2,533,350 in the last three months. Corporate insiders own 27.96% of the company’s stock.

eXp World Price Performance

NASDAQ EXPI opened at $7.63 on Monday. eXp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $15.39. The company’s 50 day simple moving average is $8.94 and its 200 day simple moving average is $10.74. The company has a market capitalization of $1.19 billion, a P/E ratio of -54.50 and a beta of 2.66.

eXp World (NASDAQ:EXPI) last released its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.12). The firm had revenue of $954.91 million during the quarter, compared to analysts’ expectations of $994.83 million. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned ($0.02) earnings per share. On average, analysts anticipate that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Monday, May 19th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.20 annualized dividend and a yield of 2.62%. eXp World’s dividend payout ratio is presently -181.82%.

Wall Street Analysts Forecast Growth

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

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.