Principal Financial Group Inc. Boosts Stake in eXp World Holdings, Inc. (NASDAQ:EXPI)

Principal Financial Group Inc. boosted its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,286 shares of the technology company’s stock after acquiring an additional 15,024 shares during the period. Principal Financial Group Inc.’s holdings in eXp World were worth $5,640,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Financial Advocates Investment Management grew its position in shares of eXp World by 9.6% in the third quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock valued at $160,000 after purchasing an additional 1,000 shares in the last quarter. Amalgamated Bank increased its stake in shares of eXp World by 6.1% in the 3rd quarter. Amalgamated Bank now owns 24,396 shares of the technology company’s stock worth $344,000 after acquiring an additional 1,412 shares during the last quarter. Olympiad Research LP increased its stake in shares of eXp World by 4.7% in the 3rd quarter. Olympiad Research LP now owns 38,846 shares of the technology company’s stock worth $547,000 after acquiring an additional 1,734 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of eXp World by 8.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,896 shares of the technology company’s stock worth $270,000 after acquiring an additional 1,768 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of eXp World by 4.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 40,900 shares of the technology company’s stock valued at $576,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Trading Down 1.5 %

eXp World stock opened at $11.51 on Thursday. The company has a 50-day moving average price of $13.13 and a 200 day moving average price of $12.84. eXp World Holdings, Inc. has a 12-month low of $8.91 and a 12-month high of $16.48. The stock has a market cap of $1.77 billion, a P/E ratio of -52.32 and a beta of 2.27.

eXp World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, November 18th. eXp World’s payout ratio is presently -90.91%.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $14.48, for a total transaction of $724,000.00. Following the completion of the transaction, the chief executive officer now owns 40,489,080 shares of the company’s stock, valued at approximately $586,281,878.40. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Bramble sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total value of $351,250.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 590,736 shares of company stock worth $7,909,290. Insiders own 28.85% of the company’s stock.

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.