Vestcor Inc Trims Stock Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Vestcor Inc trimmed its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 76.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,262 shares of the technology company’s stock after selling 58,798 shares during the period. Vestcor Inc’s holdings in eXp World were worth $257,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Copeland Capital Management LLC boosted its stake in eXp World by 2.4% during the third quarter. Copeland Capital Management LLC now owns 4,011,378 shares of the technology company’s stock valued at $56,520,000 after buying an additional 94,493 shares during the period. State Street Corp raised its holdings in shares of eXp World by 4.1% in the 3rd quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock valued at $42,019,000 after acquiring an additional 117,418 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of eXp World by 6.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock valued at $20,348,000 after acquiring an additional 101,600 shares during the last quarter. Millennium Management LLC grew its holdings in shares of eXp World by 91.7% during the second quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock worth $15,544,000 after purchasing an additional 659,012 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of eXp World by 16.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock worth $18,153,000 after purchasing an additional 183,823 shares during the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

eXp World Price Performance

Shares of EXPI opened at $12.86 on Friday. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $17.11. The company has a market capitalization of $1.97 billion, a P/E ratio of -58.45 and a beta of 2.26. The firm’s 50 day simple moving average is $13.42 and its 200 day simple moving average is $12.72.

eXp World Dividend Announcement

The business also recently disclosed 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Monday, November 18th. eXp World’s dividend payout ratio is currently -90.91%.

Insider Transactions at eXp World

In related news, Director Randall D. Miles sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total transaction of $453,300.00. Following the transaction, the director now directly owns 547,665 shares of the company’s stock, valued at approximately $8,275,218.15. This trade represents a 5.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $14.49, for a total value of $724,500.00. Following the completion of the sale, the chief executive officer now directly owns 40,820,297 shares of the company’s stock, valued at approximately $591,486,103.53. This represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 675,357 shares of company stock valued at $9,306,093. Insiders own 35.70% of the company’s stock.

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.