eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 710,428 shares of the technology company’s stock after purchasing an additional 36,569 shares during the quarter. Bank of New York Mellon Corp’s holdings in eXp World were worth $8,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Scarborough Advisors LLC bought a new position in eXp World during the 4th quarter valued at $31,000. Pineridge Advisors LLC acquired a new stake in shares of eXp World in the fourth quarter valued at $33,000. PNC Financial Services Group Inc. boosted its stake in eXp World by 29.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock valued at $116,000 after buying an additional 1,681 shares in the last quarter. Global Assets Advisory LLC acquired a new position in eXp World during the first quarter worth about $1,000,000. Finally, Precision Wealth Strategies LLC bought a new stake in eXp World in the first quarter worth about $113,000. 27.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EXPI shares. BTIG Research upgraded shares of eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson raised their target price on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

Insider Buying and Selling

In other news, CEO Glenn Darrel Sanford sold 20,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $10.74, for a total value of $214,800.00. Following the completion of the sale, the chief executive officer now owns 41,474,292 shares in the company, valued at $445,433,896.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 499,055 shares of company stock valued at $6,349,022. Company insiders own 35.70% of the company’s stock.

eXp World Stock Down 0.5 %

Shares of eXp World stock opened at $12.64 on Wednesday. eXp World Holdings, Inc. has a 12-month low of $8.91 and a 12-month high of $19.37. The firm has a market capitalization of $1.94 billion, a PE ratio of -74.35 and a beta of 2.30. The stock’s fifty day moving average is $12.57 and its 200-day moving average is $11.56.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data 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). eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $0.06 EPS. eXp World’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Wednesday, August 14th. eXp World’s dividend payout ratio is -117.64%.

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.