eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 14.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,813 shares of the technology company’s stock after purchasing an additional 5,567 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in eXp World were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB grew its holdings in eXp World by 49.3% in the 1st quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock worth $4,326,000 after buying an additional 136,151 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of eXp World by 551.7% during the 1st quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock valued at $934,000 after acquiring an additional 76,536 shares during the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of eXp World during the 1st quarter valued at $469,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of eXp World by 552.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock valued at $124,000 after purchasing an additional 10,195 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of eXp World in the first quarter valued at $578,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 40,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.48, for a total value of $579,200.00. Following the sale, the chief executive officer now directly owns 41,170,297 shares of the company’s stock, valued at approximately $596,145,900.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Randall D. Miles sold 30,000 shares of eXp World stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total transaction of $453,300.00. Following the sale, the director now directly owns 547,665 shares of the company’s stock, valued at $8,275,218.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn Darrel Sanford sold 40,000 shares of eXp World stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $14.48, for a total value of $579,200.00. Following the sale, the chief executive officer now directly owns 41,170,297 shares in the company, valued at approximately $596,145,900.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 606,463 shares of company stock valued at $8,063,870. 35.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DA Davidson increased their price objective on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st. BTIG Research upgraded eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd.

eXp World Price Performance

eXp World stock opened at $13.21 on Thursday. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -77.71 and a beta of 2.30. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $17.11. The company’s fifty day moving average price is $13.01 and its two-hundred day moving average price is $12.02.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, sell-side analysts anticipate that eXp World Holdings, Inc. will post 0.09 earnings per share for the current year.

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s dividend payout ratio is currently -117.65%.

eXp World 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.