eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. decreased its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,872 shares of the technology company’s stock after selling 5,580 shares during the period. Graham Capital Management L.P.’s holdings in eXp World were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in eXp World by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company’s stock worth $140,834,000 after buying an additional 208,920 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of eXp World during the 4th quarter valued at $60,767,000. Geode Capital Management LLC boosted its stake in shares of eXp World by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company’s stock worth $25,553,000 after acquiring an additional 8,486 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of eXp World by 2.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,024,116 shares of the technology company’s stock worth $23,298,000 after acquiring an additional 40,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of eXp World by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,411,663 shares of the technology company’s stock worth $16,248,000 after acquiring an additional 123,314 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Price Performance

EXPI stock opened at $7.89 on Friday. The firm has a market capitalization of $1.23 billion, a P/E ratio of -56.35 and a beta of 2.66. eXp World Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $15.39. The company’s 50 day simple moving average is $9.16 and its 200-day simple moving average is $11.02.

eXp World (NASDAQ:EXPI) last announced its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.12). The firm had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. eXp World’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.02) earnings per share. Sell-side analysts predict that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 19th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, May 19th. eXp World’s dividend payout ratio is currently -181.82%.

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $9.80, for a total value of $196,000.00. Following the transaction, the chief executive officer now directly owns 39,783,400 shares of the company’s stock, valued at approximately $389,877,320. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 300,000 shares of company stock worth $2,864,350. 27.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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