10,539 Shares in eXp World Holdings, Inc. (NASDAQ:EXPI) Bought by Sims Investment Management LLC

Sims Investment Management LLC bought a new position in eXp World Holdings, Inc. (NASDAQ:EXPI) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,539 shares of the technology company’s stock, valued at approximately $121,000.

A number of other institutional investors also recently bought and sold shares of EXPI. Allspring Global Investments Holdings LLC purchased a new stake in eXp World in the 3rd quarter worth $30,000. Point72 Hong Kong Ltd purchased a new stake in eXp World in the 3rd quarter worth $34,000. CIBC Asset Management Inc purchased a new stake in eXp World in the 4th quarter worth $122,000. IHT Wealth Management LLC purchased a new stake in eXp World in the 3rd quarter worth $145,000. Finally, Financial Advocates Investment Management increased its stake in eXp World by 9.6% in the 3rd quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock worth $160,000 after buying an additional 1,000 shares in the last quarter. 27.17% of the stock is owned by institutional investors.

eXp World Stock Performance

Shares of EXPI stock opened at $10.11 on Friday. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $15.39. The firm has a market capitalization of $1.56 billion, a PE ratio of -72.21 and a beta of 2.29. The stock has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $12.49.

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, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. On average, sell-side analysts forecast that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.98%. eXp World’s payout ratio is -142.86%.

Insider Activity

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

Wall Street Analyst Weigh In

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

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.