Public Sector Pension Investment Board Has $1.92 Million Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Public Sector Pension Investment Board increased its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 6.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 170,370 shares of the technology company’s stock after purchasing an additional 10,789 shares during the period. Public Sector Pension Investment Board’s holdings in eXp World were worth $1,923,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of eXp World in the fourth quarter valued at approximately $7,141,000. Personal CFO Solutions LLC boosted its holdings in eXp World by 17.0% in the 4th quarter. Personal CFO Solutions LLC now owns 20,799 shares of the technology company’s stock valued at $323,000 after purchasing an additional 3,029 shares during the period. Cim LLC acquired a new stake in eXp World in the 4th quarter worth $417,000. Scarborough Advisors LLC bought a new position in shares of eXp World during the 4th quarter worth about $31,000. Finally, Pineridge Advisors LLC acquired a new position in shares of eXp World during the fourth quarter valued at about $33,000. Institutional investors own 27.17% of the company’s stock.

Insider Buying and Selling at eXp World

In related news, CEO Glenn Darrel Sanford sold 83,240 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $12.80, for a total transaction of $1,065,472.00. Following the completion of the sale, the chief executive officer now owns 41,371,052 shares in the company, valued at approximately $529,549,465.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other eXp World news, Director Randall D. Miles sold 30,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total value of $453,300.00. Following the transaction, the director now directly owns 547,665 shares in the company, valued at approximately $8,275,218.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn Darrel Sanford sold 83,240 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $12.80, for a total value of $1,065,472.00. Following the sale, the chief executive officer now owns 41,371,052 shares of the company’s stock, valued at approximately $529,549,465.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 645,241 shares of company stock valued at $8,520,580. 35.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EXPI has been the topic of a number of recent research reports. DA Davidson lifted their target price on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. BTIG Research upgraded eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd.

eXp World Stock Performance

Shares of eXp World stock opened at $14.37 on Monday. The firm has a market cap of $2.23 billion, a P/E ratio of -84.53 and a beta of 2.29. The firm’s 50-day simple moving average is $13.03 and its 200-day simple moving average is $11.71. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $17.11.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that eXp World Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.39%. eXp World’s dividend payout ratio is currently -117.65%.

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.