Dark Forest Capital Management LP Purchases Shares of 17,713 eXp World Holdings, Inc. (NASDAQ:EXPI)

Dark Forest Capital Management LP acquired a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) in the 4th quarter, Holdings Channel reports. The fund acquired 17,713 shares of the technology company’s stock, valued at approximately $204,000.

A number of other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in eXp World by 17.0% in the 3rd 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 in the last quarter. Principal Financial Group Inc. lifted its position in eXp World by 2.9% in the fourth 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. acquired a new stake in eXp World during the fourth quarter worth $60,767,000. Raymond James Financial Inc. acquired a new stake in eXp World during the fourth quarter worth $1,134,000. Finally, Baring Financial LLC bought a new stake in eXp World in the 4th quarter valued at $5,222,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

eXp World Trading Up 0.9 %

Shares of EXPI opened at $8.97 on Wednesday. The stock has a market cap of $1.36 billion, a PE ratio of -64.07 and a beta of 2.44. eXp World Holdings, Inc. has a 1 year low of $8.54 and a 1 year high of $15.39. The stock has a 50 day simple moving average of $9.59 and a 200-day simple moving average of $11.40.

eXp World (NASDAQ:EXPI) last issued 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. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, sell-side analysts forecast that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid 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 2.23%. eXp World’s dividend payout ratio is -142.86%.

Analyst Ratings Changes

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

Insider Transactions at eXp World

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $10.96, for a total transaction of $274,000.00. Following the sale, the chief executive officer now directly owns 39,968,400 shares in the company, valued at $438,053,664. This represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 300,000 shares of company stock valued at $2,993,100. 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.