EverSource Wealth Advisors LLC Sells 4,071 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

EverSource Wealth Advisors LLC decreased its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 26.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,540 shares of the technology company’s stock after selling 4,071 shares during the period. EverSource Wealth Advisors LLC’s holdings in eXp World were worth $133,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Amalgamated Bank grew its holdings in eXp World by 6.1% in the 3rd quarter. Amalgamated Bank now owns 24,396 shares of the technology company’s stock worth $344,000 after acquiring an additional 1,412 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of 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 purchasing an additional 2,126 shares during the period. Entropy Technologies LP grew its stake in shares of eXp World by 19.2% in the fourth quarter. Entropy Technologies LP now owns 14,920 shares of the technology company’s stock worth $172,000 after purchasing an additional 2,400 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in eXp World during the 3rd quarter valued at about $34,000. Finally, SBI Securities Co. Ltd. bought a new position in eXp World during the 4th quarter valued at approximately $32,000. 27.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $11.52, for a total value of $288,000.00. Following the sale, the chief executive officer now directly owns 40,147,450 shares of the company’s stock, valued at $462,498,624. This represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 311,630 shares of company stock worth $3,387,961. 35.70% of the stock is owned by corporate insiders.

eXp World Trading Up 0.7 %

Shares of NASDAQ EXPI opened at $9.76 on Tuesday. The firm has a fifty day simple moving average of $10.72 and a two-hundred day simple moving average of $12.28. The firm has a market capitalization of $1.48 billion, a PE ratio of -69.71 and a beta of 2.33. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $15.39.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. On average, sell-side analysts predict that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The company 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. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 2.05%. eXp World’s payout ratio is -142.86%.

Analyst Upgrades and Downgrades

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

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.