Harbor Capital Advisors Inc. Sells 59,173 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Harbor Capital Advisors Inc. reduced its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 51.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,633 shares of the technology company’s stock after selling 59,173 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in eXp World were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 20,000 shares of eXp World stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $9.80, for a total transaction of $196,000.00. Following the transaction, the chief executive officer now owns 39,783,400 shares in the company, valued at $389,877,320. This trade represents a 0.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Randall D. Miles sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total value of $91,500.00. Following the completion of the sale, the director now owns 537,190 shares of the company’s stock, valued at $4,915,288.50. This trade represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 235,000 shares of company stock valued at $2,129,850 in the last ninety days. 27.96% of the stock is currently owned by company insiders.

eXp World Price Performance

eXp World stock opened at $8.92 on Friday. eXp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.39. The business’s fifty day moving average is $8.58 and its 200 day moving average is $10.23. The stock has a market capitalization of $1.39 billion, a PE ratio of -63.71 and a beta of 2.56.

eXp World (NASDAQ:EXPI) last announced its quarterly 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 negative net margin of 0.47% and a positive return on equity of 5.75%. The company 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 business earned ($0.02) EPS. The business’s revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a yield of 2.24%. eXp World’s dividend payout ratio is presently -181.82%.

Analysts Set New Price Targets

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

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.