Smith Moore & CO. Sells 1,250 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Smith Moore & CO. trimmed its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,954 shares of the technology company’s stock after selling 1,250 shares during the quarter. Smith Moore & CO.’s holdings in eXp World were worth $184,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EXPI. JPMorgan Chase & Co. increased its position in shares of eXp World by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company’s stock valued at $7,333,000 after acquiring an additional 75,431 shares during the last quarter. State Street Corp increased its position in shares of eXp World by 4.1% during the 3rd quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock valued at $42,019,000 after purchasing an additional 117,418 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of eXp World by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company’s stock worth $4,741,000 after purchasing an additional 11,588 shares during the period. Pacer Advisors Inc. purchased a new position in shares of eXp World in the 4th quarter worth about $60,767,000. Finally, Geode Capital Management LLC grew its position in eXp World by 5.6% during the third quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company’s stock valued at $31,161,000 after buying an additional 118,210 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

eXp World Price Performance

Shares of EXPI opened at $9.48 on Monday. eXp World Holdings, Inc. has a 1 year low of $8.64 and a 1 year high of $15.39. The stock’s fifty day moving average price is $10.38 and its two-hundred day moving average price is $12.00. The firm has a market cap of $1.44 billion, a PE ratio of -67.71 and a beta of 2.44.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data 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 analysts’ expectations of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. Sell-side analysts anticipate that eXp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 2.11%. eXp World’s dividend payout ratio is -142.86%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $9.80, for a total transaction of $196,000.00. Following the sale, the chief executive officer now directly owns 39,783,400 shares in the company, valued at $389,877,320. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 295,000 shares of company stock worth $3,116,750 over the last 90 days. Corporate insiders own 27.96% of the company’s stock.

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.