Everence Capital Management Inc. Buys New Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Everence Capital Management Inc. bought a new stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,830 shares of the technology company’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EXPI. PNC Financial Services Group Inc. boosted its position in shares of eXp World by 29.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock valued at $116,000 after purchasing an additional 1,681 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of eXp World during the 1st quarter valued at about $1,000,000. Foguth Wealth Management LLC. acquired a new position in eXp World during the 1st quarter worth approximately $231,000. Allspring Global Investments Holdings LLC raised its stake in eXp World by 552.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after buying an additional 10,195 shares during the period. Finally, Precision Wealth Strategies LLC acquired a new position in eXp World during the 1st quarter worth approximately $113,000. Institutional investors own 27.17% of the company’s stock.

eXp World Stock Performance

EXPI stock opened at $12.85 on Wednesday. The stock’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $12.10. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $17.11. The company has a market cap of $1.99 billion, a P/E ratio of -75.59 and a beta of 2.30.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. Equities analysts predict that eXp World Holdings, Inc. will post 0.09 earnings per share for the current year.

eXp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s dividend payout ratio (DPR) is presently -117.65%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd. DA Davidson upped their price target on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 26,630 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $11.82, for a total value of $314,766.60. Following the completion of the sale, the chief executive officer now directly owns 40,943,667 shares of the company’s stock, valued at $483,954,143.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Glenn Darrel Sanford sold 26,630 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $11.82, for a total value of $314,766.60. Following the completion of the sale, the chief executive officer now directly owns 40,943,667 shares of the company’s stock, valued at $483,954,143.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Randall D. Miles sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total value of $453,300.00. Following the sale, the director now directly owns 547,665 shares of the company’s stock, valued at $8,275,218.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 566,463 shares of company stock valued at $7,512,270 over the last ninety days. 35.70% of the stock is currently owned by insiders.

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.