Versor Investments LP Buys New Shares in eXp World Holdings, Inc. (NASDAQ:EXPI)

Versor Investments LP bought a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,000 shares of the technology company’s stock, valued at approximately $268,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new stake in eXp World in the 2nd quarter worth $26,000. Meeder Asset Management Inc. purchased a new stake in shares of eXp World in the second quarter worth about $29,000. Allspring Global Investments Holdings LLC bought a new position in eXp World during the third quarter valued at approximately $30,000. nVerses Capital LLC grew its holdings in eXp World by 102.2% during the 2nd 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 in the last quarter. Finally, Financial Advocates Investment Management bought a new stake in eXp World in the 2nd quarter worth approximately $117,000. Institutional investors own 27.17% of the company’s stock.

Insider Activity at eXp World

In other eXp World news, insider James Bramble sold 25,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $14.05, for a total value of $351,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn Darrel Sanford sold 47,984 shares of eXp World stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $12.32, for a total value of $591,162.88. Following the sale, the chief executive officer now owns 41,022,313 shares of the company’s stock, valued at approximately $505,394,896.16. This trade represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 635,891 shares of company stock worth $8,577,645. Insiders own 35.70% of the company’s stock.

Analysts Set New Price Targets

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

eXp World Price Performance

NASDAQ:EXPI opened at $13.31 on Friday. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -60.50 and a beta of 2.31. The business has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $12.51. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $17.11.

eXp World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.05 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.50%. eXp World’s dividend payout ratio is presently -90.91%.

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.