eXp World Holdings, Inc. (NASDAQ:EXPI) Stake Raised by Swiss National Bank

Swiss National Bank grew its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,200 shares of the technology company’s stock after purchasing an additional 2,800 shares during the period. Swiss National Bank’s holdings in eXp World were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its holdings in eXp World by 3.3% during the third quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company’s stock worth $936,000 after buying an additional 2,126 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of eXp World by 16.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock valued at $18,153,000 after purchasing an additional 183,823 shares during the period. FMR LLC increased its stake in eXp World by 4,338.7% in the 3rd quarter. FMR LLC now owns 123,885 shares of the technology company’s stock worth $1,746,000 after purchasing an additional 121,094 shares in the last quarter. Public Sector Pension Investment Board increased its stake in eXp World by 5.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 179,370 shares of the technology company’s stock worth $2,527,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of eXp World by 16.2% in the 3rd quarter. Verition Fund Management LLC now owns 68,941 shares of the technology company’s stock valued at $971,000 after acquiring an additional 9,613 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Insider Activity at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $10.74, for a total value of $268,500.00. Following the transaction, the chief executive officer now owns 40,122,450 shares of the company’s stock, valued at $430,915,113. This trade represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 300,000 shares of company stock valued at $3,208,750. Insiders own 27.96% of the company’s stock.

eXp World Price Performance

NASDAQ EXPI opened at $9.97 on Friday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -71.21 and a beta of 2.33. The company has a 50 day simple moving average of $10.53 and a 200-day simple moving average of $12.16. eXp World Holdings, Inc. has a 52-week low of $9.20 and a 52-week high of $15.39.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, analysts predict that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.01%. eXp World’s dividend payout ratio (DPR) is -142.86%.

Analyst Ratings Changes

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

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.