Federated Hermes Inc. Buys Shares of 39,437 eXp World Holdings, Inc. (NASDAQ:EXPI)

Federated Hermes Inc. purchased a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 39,437 shares of the technology company’s stock, valued at approximately $454,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. bought a new position in eXp World in the fourth quarter valued at $60,767,000. Baring Financial LLC bought a new position in shares of eXp World in the 4th quarter valued at about $5,222,000. Vanguard Group Inc. grew its holdings in shares of eXp World by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company’s stock valued at $140,834,000 after acquiring an additional 208,920 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of eXp World by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company’s stock valued at $8,369,000 after acquiring an additional 206,677 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in eXp World during the fourth quarter valued at approximately $1,954,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

eXp World Price Performance

Shares of EXPI opened at $8.84 on Friday. The company has a market cap of $1.34 billion, a PE ratio of -63.14 and a beta of 2.44. The firm has a 50-day moving average of $9.93 and a 200-day moving average of $11.66. eXp World Holdings, Inc. has a one year low of $8.64 and a one year high of $15.39.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share 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 the consensus estimate of $1.03 billion. Analysts expect that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.26%. The ex-dividend date was Tuesday, March 4th. eXp World’s dividend payout ratio is -142.86%.

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $11.59, for a total value of $289,750.00. Following the transaction, the chief executive officer now directly owns 40,072,450 shares of the company’s stock, valued at $464,439,695.50. This represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders 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 currently owned by company insiders.

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.