Cim LLC Invests $417,000 in eXp World Holdings, Inc. (NASDAQ:EXPI)

Cim LLC acquired a new stake in eXp World Holdings, Inc. (NASDAQ:EXPIFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,866 shares of the technology company’s stock, valued at approximately $417,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Copeland Capital Management LLC lifted its stake in shares of eXp World by 6.4% in the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock valued at $60,011,000 after purchasing an additional 232,321 shares during the period. Invesco Ltd. boosted its holdings in eXp World by 30.5% during the third quarter. Invesco Ltd. now owns 432,798 shares of the technology company’s stock worth $7,029,000 after buying an additional 101,147 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of eXp World during the 3rd quarter worth about $3,771,000. Seven Eight Capital LP acquired a new position in eXp World during the third quarter valued at approximately $164,000. Finally, Vanguard Group Inc. grew its holdings in shares of eXp World by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,017,564 shares of the technology company’s stock valued at $195,165,000 after buying an additional 168,360 shares during the period. 27.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $10.92, for a total value of $273,000.00. Following the completion of the sale, the chief executive officer now owns 41,513,393 shares of the company’s stock, valued at approximately $453,326,251.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 51,005 shares of company stock valued at $561,330 in the last 90 days. 35.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on EXPI. DA Davidson restated an “underperform” rating and issued a $11.75 price target on shares of eXp World in a report on Thursday, May 2nd. TheStreet lowered shares of eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th.

Check Out Our Latest Stock Analysis on EXPI

eXp World Price Performance

Shares of EXPI traded down $0.07 during mid-day trading on Friday, hitting $10.65. 659,592 shares of the company’s stock were exchanged, compared to its average volume of 845,033. The company has a 50-day simple moving average of $11.03 and a 200 day simple moving average of $12.16. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $25.39.

eXp World (NASDAQ:EXPIGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The firm had revenue of $943.10 million for the quarter, compared to analyst estimates of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. As a group, equities research analysts forecast that eXp World Holdings, Inc. will post 0.18 EPS for the current fiscal year.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were paid a $0.05 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a yield of 1.88%. eXp World’s dividend payout ratio is -117.64%.

eXp World Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for eXp World (NASDAQ:EXPI)

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