Russell Investments Group Ltd. Reduces Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Russell Investments Group Ltd. cut its holdings in eXp World Holdings, Inc. (NASDAQ:EXPI) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 206,023 shares of the technology company’s stock after selling 18,152 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of eXp World worth $2,371,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EXPI. SBI Securities Co. Ltd. purchased a new position in shares of eXp World in the 4th quarter valued at approximately $32,000. Graney & King LLC acquired a new stake in shares of eXp World during the fourth quarter worth $58,000. Sims Investment Management LLC purchased a new stake in shares of eXp World during the fourth quarter valued at $121,000. CIBC Asset Management Inc purchased a new position in eXp World in the 4th quarter worth $122,000. Finally, Plato Investment Management Ltd lifted its position in eXp World by 16,347.0% during the 4th quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company’s stock worth $125,000 after acquiring an additional 10,789 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $11.59, for a total transaction of $289,750.00. Following the completion of the sale, the chief executive officer now owns 40,072,450 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 310,000 shares of company stock worth $3,220,450 over the last three months. 27.96% of the stock is currently owned by corporate insiders.

eXp World Price Performance

EXPI opened at $8.84 on Friday. The stock has a market cap of $1.34 billion, a P/E ratio of -63.14 and a beta of 2.44. The firm has a fifty day moving average price of $9.90 and a 200 day moving average price of $11.63. eXp World Holdings, Inc. has a 1 year low of $8.64 and a 1 year high of $15.39.

eXp World (NASDAQ:EXPI) last posted its earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. Equities analysts expect that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Announces Dividend

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

Analyst Upgrades and Downgrades

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