Intech Investment Management LLC Has $1.98 Million Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Intech Investment Management LLC grew its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 150.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,872 shares of the technology company’s stock after acquiring an additional 103,320 shares during the quarter. Intech Investment Management LLC owned 0.11% of eXp World worth $1,978,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. acquired a new position in eXp World during the fourth quarter worth about $60,767,000. State Street Corp grew its holdings in shares of eXp World by 4.1% during the third quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock worth $42,019,000 after purchasing an additional 117,418 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of eXp World by 5.6% during the third quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company’s stock worth $31,161,000 after purchasing an additional 118,210 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of eXp World by 9.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,411,663 shares of the technology company’s stock worth $16,248,000 after purchasing an additional 123,314 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of eXp World by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company’s stock worth $7,333,000 after purchasing an additional 75,431 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $9.76, for a total transaction of $244,000.00. Following the transaction, the chief executive officer now directly owns 39,828,400 shares in the company, valued at approximately $388,725,184. This represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 311,630 shares of company stock worth $3,387,961. Corporate insiders own 27.96% of the company’s stock.

eXp World Trading Down 1.1 %

NASDAQ:EXPI opened at $9.86 on Friday. The stock’s 50-day moving average is $10.64 and its 200-day moving average is $12.23. eXp World Holdings, Inc. has a 1-year low of $9.20 and a 1-year high of $15.39. The stock has a market cap of $1.50 billion, a P/E ratio of -70.42 and a beta of 2.33.

eXp World (NASDAQ:EXPI) last announced its earnings results on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, equities analysts forecast that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Announces Dividend

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 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, March 4th. eXp World’s payout ratio is -142.86%.

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.