Olympiad Research LP Sells 28,465 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Olympiad Research LP trimmed its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 73.3% during the fourth quarter, Holdings Channel reports. The firm owned 10,381 shares of the technology company’s stock after selling 28,465 shares during the quarter. Olympiad Research LP’s holdings in eXp World were worth $119,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of EXPI. Financial Advocates Investment Management boosted its position in eXp World by 9.6% during the third quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock worth $160,000 after purchasing an additional 1,000 shares during the period. Amalgamated Bank lifted its stake in shares of eXp World by 6.1% during the 3rd quarter. Amalgamated Bank now owns 24,396 shares of the technology company’s stock worth $344,000 after buying an additional 1,412 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings 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 worth $576,000 after buying an additional 1,900 shares during the period. Thrivent Financial for Lutherans grew its stake in eXp World by 3.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company’s stock valued at $936,000 after buying an additional 2,126 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in eXp World in the 3rd quarter valued at about $30,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

eXp World Price Performance

EXPI stock opened at $10.20 on Tuesday. The business’s fifty day moving average price is $11.34 and its two-hundred day moving average price is $12.55. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -72.85 and a beta of 2.29. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $15.39.

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

eXp World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, March 4th. eXp World’s dividend payout ratio (DPR) is currently -142.86%.

Insider Buying and Selling

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $13.00, for a total value of $650,000.00. Following the transaction, the chief executive officer now owns 40,289,080 shares in the company, valued at approximately $523,758,040. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 386,511 shares of company stock valued at $4,620,811 over the last 90 days. 35.70% of the stock is owned by corporate insiders.

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.