Victory Capital Management Inc. Has $400,000 Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Victory Capital Management Inc. cut its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 48.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,762 shares of the technology company’s stock after selling 24,064 shares during the period. Victory Capital Management Inc.’s holdings in eXp World were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Qube Research & Technologies Ltd boosted its stake in shares of eXp World by 861.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 291,809 shares of the technology company’s stock valued at $4,739,000 after purchasing an additional 261,466 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of eXp World by 6.4% during the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock valued at $60,011,000 after purchasing an additional 232,321 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of eXp World during the 3rd quarter worth approximately $3,771,000. Lazard Asset Management LLC increased its stake in eXp World by 13,021.4% in the third quarter. Lazard Asset Management LLC now owns 188,030 shares of the technology company’s stock valued at $3,052,000 after purchasing an additional 186,597 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in eXp World by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,017,564 shares of the technology company’s stock valued at $195,165,000 after buying an additional 168,360 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors.

eXp World Stock Down 0.2 %

Shares of eXp World stock opened at $11.24 on Friday. The company has a market cap of $1.74 billion, a PE ratio of -66.11 and a beta of 2.29. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $25.39. The business has a 50 day moving average price of $10.72 and a 200-day moving average price of $12.33.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The business had revenue of $943.10 million for the quarter, compared to analysts’ expectations of $893.24 million. During the same period last year, the business earned $0.01 EPS. The business’s revenue was up 11.1% on a year-over-year basis. As a group, research analysts anticipate that eXp World Holdings, Inc. will post 0.18 EPS for the current year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Shareholders of record on Monday, May 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, May 10th. eXp World’s payout ratio is -117.64%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXPI. DA Davidson reiterated an “underperform” rating and issued a $11.75 target price on shares of eXp World in a report on Thursday, May 2nd. TheStreet lowered shares of eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th.

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.