Intech Investment Management LLC Takes $966,000 Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Intech Investment Management LLC acquired a new position in eXp World Holdings, Inc. (NASDAQ:EXPI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,552 shares of the technology company’s stock, valued at approximately $966,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of eXp World in the 3rd quarter worth approximately $30,000. Point72 DIFC Ltd bought a new stake in eXp World during the second quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in eXp World in the second quarter worth approximately $29,000. nVerses Capital LLC increased its position in shares of eXp World by 102.2% during the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after purchasing an additional 4,600 shares during the period. Finally, Financial Advocates Investment Management bought a new stake in shares of eXp World in the 2nd quarter worth $117,000. Institutional investors own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised their target price on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research note on Thursday, August 1st.

eXp World Price Performance

EXPI stock opened at $14.08 on Thursday. The firm has a market cap of $2.16 billion, a PE ratio of -64.00 and a beta of 2.31. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $17.11. The firm has a 50 day simple moving average of $13.56 and a 200 day simple moving average of $12.63.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%. eXp World’s dividend payout ratio (DPR) is presently -90.91%.

Insider Transactions at eXp World

In related news, CAO Jian Cheng sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $258,937.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Glenn Darrel Sanford sold 59,935 shares of eXp World stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $12.41, for a total transaction of $743,793.35. Following the transaction, the chief executive officer now owns 40,882,685 shares in the company, valued at approximately $507,354,120.85. The trade was a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 662,041 shares of company stock valued at $9,022,804 in the last three months. 28.85% of the stock is currently owned by corporate insiders.

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.