Geode Capital Management LLC Has $25.55 Million Stock Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Geode Capital Management LLC boosted its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 0.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,219,658 shares of the technology company’s stock after purchasing an additional 8,486 shares during the quarter. Geode Capital Management LLC’s holdings in eXp World were worth $25,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXPI. Entropy Technologies LP lifted its stake in shares of eXp World by 19.2% during the 4th quarter. Entropy Technologies LP now owns 14,920 shares of the technology company’s stock worth $172,000 after buying an additional 2,400 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in eXp World in the 4th quarter valued at about $32,000. Swiss National Bank raised its holdings in eXp World by 1.9% in the 4th quarter. Swiss National Bank now owns 151,200 shares of the technology company’s stock valued at $1,740,000 after acquiring an additional 2,800 shares during the period. LPL Financial LLC lifted its position in eXp World by 6.4% during the fourth quarter. LPL Financial LLC now owns 52,075 shares of the technology company’s stock worth $599,000 after acquiring an additional 3,149 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in shares of eXp World by 5.3% during the fourth quarter. WINTON GROUP Ltd now owns 88,554 shares of the technology company’s stock worth $1,019,000 after acquiring an additional 4,453 shares during the period. 27.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $11.59, for a total value of $289,750.00. Following the transaction, the chief executive officer now owns 40,072,450 shares in the company, valued at approximately $464,439,695.50. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 310,000 shares of company stock valued at $3,220,450 over the last ninety days. 27.96% of the stock is owned by company insiders.

Analyst Ratings Changes

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

eXp World Stock Down 1.6 %

EXPI opened at $8.84 on Friday. The company has a 50-day simple moving average of $9.93 and a 200 day simple moving average of $11.66. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -63.14 and a beta of 2.44. eXp World Holdings, Inc. has a twelve month low of $8.64 and a twelve month high of $15.39.

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

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Tuesday, March 4th. eXp World’s payout ratio is -142.86%.

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.