Smith Moore & CO. Sells 1,250 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Smith Moore & CO. lowered its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,954 shares of the technology company’s stock after selling 1,250 shares during the quarter. Smith Moore & CO.’s holdings in eXp World were worth $184,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in eXp World by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company’s stock worth $25,553,000 after buying an additional 8,486 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in eXp World during the fourth quarter valued at about $1,954,000. Pictet Asset Management Holding SA bought a new position in shares of eXp World during the fourth quarter valued at about $167,000. JPMorgan Chase & Co. increased its holdings in shares of eXp World by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company’s stock worth $8,369,000 after buying an additional 206,677 shares during the period. Finally, WINTON GROUP Ltd lifted its stake in shares of eXp World by 5.3% in the 4th quarter. WINTON GROUP Ltd now owns 88,554 shares of the technology company’s stock valued at $1,019,000 after acquiring an additional 4,453 shares during the last quarter. 27.17% of the stock is owned by institutional investors.

eXp World Stock Up 3.6 %

NASDAQ:EXPI opened at $9.48 on Monday. The firm has a market capitalization of $1.44 billion, a P/E ratio of -67.71 and a beta of 2.44. eXp World Holdings, Inc. has a 52 week low of $8.64 and a 52 week high of $15.39. The company has a fifty day moving average of $10.38 and a 200 day moving average of $12.00.

eXp World (NASDAQ:EXPI) last posted its earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, analysts anticipate that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.11%. eXp World’s dividend payout ratio is currently -142.86%.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $11.59, for a total value of $289,750.00. Following the sale, the chief executive officer now owns 40,072,450 shares in the company, valued at $464,439,695.50. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 295,000 shares of company stock valued at $3,116,750. Company insiders own 27.96% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating and set a $13.50 price target on shares of eXp World in a research report on Friday, February 21st.

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.