Principal Financial Group Inc. Has $4.74 Million Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Principal Financial Group Inc. grew its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 2.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 411,874 shares of the technology company’s stock after buying an additional 11,588 shares during the quarter. Principal Financial Group Inc.’s holdings in eXp World were worth $4,741,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of eXp World by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company’s stock worth $7,333,000 after buying an additional 75,431 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in eXp World in the 3rd quarter valued at about $519,000. Harbor Capital Advisors Inc. lifted its holdings in eXp World by 91.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company’s stock worth $1,642,000 after purchasing an additional 55,814 shares during the last quarter. State Street Corp boosted its position in shares of eXp World by 4.1% in the third 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 during the period. Finally, Algert Global LLC grew its position in shares of eXp World by 147.6% during the 3rd quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock worth $4,172,000 after purchasing an additional 176,509 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $12.60, for a total transaction of $630,000.00. Following the sale, the chief executive officer now directly owns 40,209,080 shares in the company, valued at approximately $506,634,408. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 361,630 shares of company stock valued at $4,179,961 in the last three months. 35.70% of the stock is currently owned by insiders.

eXp World Stock Down 3.6 %

Shares of EXPI stock opened at $9.75 on Tuesday. The firm has a market capitalization of $1.50 billion, a P/E ratio of -69.64 and a beta of 2.29. The stock’s fifty day simple moving average is $11.10 and its 200 day simple moving average is $12.48. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $15.39.

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

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 2.05%. eXp World’s payout ratio is -142.86%.

Wall Street Analyst Weigh In

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