State Street Corp Has $42.02 Million Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

State Street Corp boosted its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,982,216 shares of the technology company’s stock after purchasing an additional 117,418 shares during the period. State Street Corp’s holdings in eXp World were worth $42,019,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXPI. Point72 DIFC Ltd bought a new position in shares of eXp World in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in eXp World in the second quarter valued at about $29,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of eXp World during the third quarter valued at about $30,000. Point72 Hong Kong Ltd bought a new stake in shares of eXp World during the third quarter worth about $34,000. Finally, nVerses Capital LLC increased its stake in shares of eXp World by 102.2% in the second quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after buying an additional 4,600 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Price Performance

Shares of NASDAQ EXPI opened at $12.81 on Friday. The company has a 50 day simple moving average of $13.32 and a 200 day simple moving average of $12.77. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $16.48. The firm has a market cap of $1.97 billion, a PE ratio of -58.23 and a beta of 2.26.

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. eXp World’s dividend payout ratio (DPR) is presently -90.91%.

Insider Transactions at eXp World

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $14.23, for a total value of $711,500.00. Following the sale, the chief executive officer now directly owns 40,757,876 shares in the company, valued at $579,984,575.48. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jian Cheng sold 18,750 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $13.81, for a total transaction of $258,937.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 644,106 shares of company stock worth $8,739,528. Company insiders own 35.70% of the company’s stock.

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.