eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 69,880 shares of the technology company’s stock after selling 1,792 shares during the quarter. New York State Teachers Retirement System’s holdings in eXp World were worth $1,085,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in eXp World in the 4th quarter worth $48,000. Copeland Capital Management LLC lifted its holdings in eXp World by 6.4% in the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock worth $60,011,000 after buying an additional 232,321 shares in the last quarter. Blue Trust Inc. lifted its holdings in eXp World by 201.3% in the 4th quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock worth $48,000 after buying an additional 1,955 shares in the last quarter. Raymond James & Associates increased its position in shares of eXp World by 20.8% in the 4th quarter. Raymond James & Associates now owns 81,586 shares of the technology company’s stock worth $1,266,000 after purchasing an additional 14,069 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of eXp World by 2.1% in the 4th quarter. SG Americas Securities LLC now owns 51,496 shares of the technology company’s stock worth $799,000 after purchasing an additional 1,082 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Price Performance

EXPI stock opened at $9.75 on Thursday. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $25.39. The firm has a market cap of $1.48 billion, a PE ratio of -162.50 and a beta of 2.29. The firm has a 50 day simple moving average of $11.07 and a 200 day simple moving average of $12.86.

eXp World (NASDAQ:EXPI) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). eXp World had a negative net margin of 0.21% and a positive return on equity of 0.09%. The firm had revenue of $983.05 million for the quarter, compared to analyst estimates of $944.40 million. As a group, sell-side analysts expect that eXp World Holdings, Inc. will post 0.22 earnings per share for the current year.

eXp World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.05%. eXp World’s dividend payout ratio is currently -333.33%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EXPI shares. TheStreet downgraded shares of eXp World from a “c-” rating to a “d” rating in a research report on Monday, March 4th. DA Davidson reissued a “neutral” rating and set a $15.00 target price (down from $20.00) on shares of eXp World in a research note on Friday, January 26th.

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.