eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Sold by Vestcor Inc

Vestcor Inc cut its holdings in eXp World Holdings, Inc. (NASDAQ:EXPI) by 41.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,766 shares of the technology company’s stock after selling 7,496 shares during the quarter. Vestcor Inc’s holdings in eXp World were worth $124,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Pacer Advisors Inc. acquired a new stake in shares of eXp World in the fourth quarter valued at approximately $60,767,000. State Street Corp grew its position in shares of eXp World by 4.1% in the third quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock valued at $42,019,000 after purchasing an additional 117,418 shares during the last quarter. Geode Capital Management LLC grew its position in shares of eXp World by 5.6% in the third quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company’s stock valued at $31,161,000 after purchasing an additional 118,210 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of eXp World by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,411,663 shares of the technology company’s stock valued at $16,248,000 after purchasing an additional 123,314 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of eXp World by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company’s stock valued at $7,333,000 after purchasing an additional 75,431 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

eXp World Stock Performance

Shares of NASDAQ EXPI opened at $9.65 on Wednesday. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $15.39. The firm’s 50 day moving average price is $10.69 and its 200 day moving average price is $12.26. The firm has a market cap of $1.47 billion, a P/E ratio of -68.92 and a beta of 2.33.

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

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, March 4th. eXp World’s dividend payout ratio is currently -142.86%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.76, for a total transaction of $244,000.00. Following the transaction, the chief executive officer now owns 39,828,400 shares of the company’s stock, valued at $388,725,184. 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 is accessible through this hyperlink. Insiders have sold a total of 311,630 shares of company stock valued at $3,387,961 over the last quarter. Company insiders own 27.96% of the company’s stock.

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.