AlphaQuest LLC Has $415,000 Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

AlphaQuest LLC lowered its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 35.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,015 shares of the technology company’s stock after selling 20,040 shares during the period. AlphaQuest LLC’s holdings in eXp World were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Amalgamated Bank boosted its position in eXp World by 6.1% during the third quarter. Amalgamated Bank now owns 24,396 shares of the technology company’s stock valued at $344,000 after purchasing an additional 1,412 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of eXp World by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 400,286 shares of the technology company’s stock valued at $5,640,000 after buying an additional 15,024 shares in the last quarter. Versor Investments LP acquired a new position in eXp World in the third quarter worth approximately $268,000. Entropy Technologies LP bought a new position in eXp World during the third quarter valued at approximately $176,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of eXp World by 3.3% during the 3rd 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 last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

eXp World Stock Performance

EXPI opened at $9.38 on Friday. The firm has a market cap of $1.43 billion, a P/E ratio of -67.00 and a beta of 2.33. The business has a 50 day moving average price of $10.79 and a 200 day moving average price of $12.33. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $15.39.

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

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 2.13%. eXp World’s payout ratio is -142.86%.

Insider Activity at eXp World

In other news, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $12.60, for a total value of $630,000.00. Following the sale, the chief executive officer now owns 40,209,080 shares in the company, valued at approximately $506,634,408. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 336,630 shares of company stock worth $3,773,961 in the last 90 days. 35.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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