Quantbot Technologies LP Sells 7,043 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Quantbot Technologies LP cut its holdings in eXp World Holdings, Inc. (NASDAQ:EXPI) by 18.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,315 shares of the technology company’s stock after selling 7,043 shares during the quarter. Quantbot Technologies LP’s holdings in eXp World were worth $349,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EXPI. Point72 Hong Kong Ltd purchased a new position in shares of eXp World in the third quarter worth $34,000. SBI Securities Co. Ltd. bought a new stake in eXp World in the 4th quarter worth about $32,000. IHT Wealth Management LLC purchased a new position in eXp World in the 3rd quarter worth about $145,000. Sims Investment Management LLC bought a new position in eXp World during the 4th quarter valued at about $121,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of eXp World during the 4th quarter valued at about $122,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $11.52, for a total transaction of $288,000.00. Following the completion of the sale, the chief executive officer now owns 40,147,450 shares of the company’s stock, valued at $462,498,624. The trade was a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 300,000 shares of company stock valued at $3,208,750. Insiders own 27.96% of the company’s stock.

eXp World Price Performance

EXPI stock opened at $9.97 on Friday. eXp World Holdings, Inc. has a 1 year low of $9.20 and a 1 year high of $15.39. The company has a market cap of $1.52 billion, a P/E ratio of -71.21 and a beta of 2.33. The stock’s fifty day moving average price is $10.53 and its 200-day moving average price is $12.16.

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

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 2.01%. eXp World’s dividend payout ratio (DPR) is -142.86%.

Wall Street Analysts Forecast Growth

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