eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,485 shares of the technology company’s stock after purchasing an additional 21,461 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of eXp World worth $2,123,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Squarepoint Ops LLC lifted its stake in shares of eXp World by 22.2% during the fourth quarter. Squarepoint Ops LLC now owns 28,746 shares of the technology company’s stock worth $331,000 after purchasing an additional 5,215 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of eXp World by 4.6% during the fourth quarter. Two Sigma Advisers LP now owns 66,400 shares of the technology company’s stock worth $764,000 after purchasing an additional 2,900 shares in the last quarter. State of Wyoming lifted its stake in shares of eXp World by 79.4% during the fourth quarter. State of Wyoming now owns 44,517 shares of the technology company’s stock worth $512,000 after purchasing an additional 19,699 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in shares of eXp World by 10.1% during the fourth quarter. Snowden Capital Advisors LLC now owns 25,976 shares of the technology company’s stock worth $299,000 after purchasing an additional 2,381 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of eXp World during the fourth quarter worth about $211,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Stock Performance

Shares of NASDAQ EXPI opened at $8.83 on Friday. eXp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -63.07 and a beta of 2.66. The stock’s 50-day simple moving average is $8.60 and its 200-day simple moving average is $10.41.

eXp World (NASDAQ:EXPI) last announced its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) 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 business had revenue of $954.91 million for the quarter, compared to analysts’ expectations of $994.83 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, research analysts predict that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, May 19th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, May 19th. eXp World’s payout ratio is -181.82%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised eXp World from a “neutral” rating to a “buy” rating and set a $10.75 target price on the stock in a research report on Thursday, May 29th.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $9.80, for a total value of $196,000.00. Following the completion of the sale, the chief executive officer now directly owns 39,783,400 shares of the company’s stock, valued at $389,877,320. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 250,000 shares of company stock valued at $2,282,350 over the last three months. 27.96% of the stock is owned by insiders.

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.