eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 90.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,355 shares of the technology company’s stock after selling 239,061 shares during the quarter. Balyasny Asset Management L.P.’s holdings in eXp World were worth $280,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of eXp World by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company’s stock worth $4,741,000 after acquiring an additional 11,588 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of eXp World in the 4th quarter worth approximately $60,767,000. Raymond James Financial Inc. acquired a new position in shares of eXp World in the 4th quarter worth approximately $1,134,000. Baring Financial LLC acquired a new position in eXp World during the 4th quarter valued at approximately $5,222,000. Finally, Barclays PLC boosted its position in eXp World by 27.8% during the 3rd quarter. Barclays PLC now owns 144,758 shares of the technology company’s stock valued at $2,040,000 after purchasing an additional 31,509 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Price Performance

NASDAQ:EXPI opened at $8.00 on Friday. eXp World Holdings, Inc. has a 12-month low of $6.90 and a 12-month high of $15.39. The firm has a market capitalization of $1.25 billion, a P/E ratio of -57.14 and a beta of 2.66. The business has a 50 day simple moving average of $9.12 and a 200 day simple moving average of $10.97.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The company had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) EPS. Research 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 will be paid on Wednesday, June 4th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.50%. The ex-dividend date is Monday, May 19th. eXp World’s payout ratio is currently -181.82%.

Analysts Set New Price Targets

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

Insider Buying and Selling at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $11.02, for a total transaction of $275,500.00. Following the sale, the chief executive officer now owns 39,928,400 shares of the company’s stock, valued at $440,010,968. The trade was a 0.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 300,000 shares of company stock valued at $2,864,350 in the last quarter. Corporate insiders own 27.96% of the company’s stock.

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.