Mercer Global Advisors Inc. ADV Sells 557,505 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Mercer Global Advisors Inc. ADV reduced its holdings in eXp World Holdings, Inc. (NASDAQ:EXPI) by 97.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,839 shares of the technology company’s stock after selling 557,505 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in eXp World were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in EXPI. SBI Securities Co. Ltd. bought a new position in eXp World in the 4th quarter worth approximately $32,000. Graney & King LLC bought a new position in eXp World in the 4th quarter worth approximately $58,000. Sims Investment Management LLC bought a new position in eXp World in the 4th quarter worth approximately $121,000. CIBC Asset Management Inc bought a new position in eXp World in the 4th quarter worth approximately $122,000. Finally, Plato Investment Management Ltd increased its position in eXp World by 16,347.0% in the 4th quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company’s stock worth $125,000 after buying an additional 10,789 shares during the period. 27.17% of the stock is owned by institutional investors.

eXp World Trading Up 1.4%

Shares of NASDAQ:EXPI opened at $8.00 on Friday. eXp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.39. The firm has a market capitalization of $1.25 billion, a PE ratio of -57.14 and a beta of 2.66. The business’s 50 day moving average is $9.12 and its 200-day moving average is $10.97.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.12). eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The firm had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. During the same period in the previous year, the business posted ($0.02) EPS. eXp World’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts predict that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.50%. The ex-dividend date is Monday, May 19th. eXp World’s dividend payout ratio (DPR) is presently -181.82%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $7.81, for a total value of $195,250.00. Following the sale, the chief executive officer now owns 39,653,400 shares of the company’s stock, valued at $309,693,054. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 300,000 shares of company stock valued at $2,864,350 over the last quarter. Corporate insiders own 27.96% of the company’s stock.

eXp World 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.