Norges Bank Takes $7.14 Million Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Norges Bank acquired a new stake in eXp World Holdings, Inc. (NASDAQ:EXPIFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 460,124 shares of the technology company’s stock, valued at approximately $7,141,000. Norges Bank owned approximately 0.30% of eXp World at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets increased its position in shares of eXp World by 16.7% during the fourth quarter. BNP Paribas Financial Markets now owns 118,322 shares of the technology company’s stock worth $1,836,000 after purchasing an additional 16,891 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of eXp World by 12.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 877,657 shares of the technology company’s stock worth $13,621,000 after purchasing an additional 93,810 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of eXp World by 354.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,540 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of eXp World by 12.4% during the fourth quarter. Yousif Capital Management LLC now owns 42,872 shares of the technology company’s stock worth $665,000 after purchasing an additional 4,723 shares in the last quarter. Finally, Duality Advisers LP increased its position in shares of eXp World by 16.4% during the fourth quarter. Duality Advisers LP now owns 45,664 shares of the technology company’s stock worth $709,000 after purchasing an additional 6,421 shares in the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $11.05, for a total value of $276,250.00. Following the transaction, the chief executive officer now owns 41,563,393 shares of the company’s stock, valued at approximately $459,275,492.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 35.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on eXp World

eXp World Stock Performance

NASDAQ EXPI opened at $11.04 on Friday. The stock’s fifty day moving average is $10.97 and its two-hundred day moving average is $12.22. The firm has a market capitalization of $1.71 billion, a P/E ratio of -64.94 and a beta of 2.32. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $25.39.

eXp World (NASDAQ:EXPIGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $943.10 million for the quarter, compared to analyst estimates of $893.24 million. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. As a group, sell-side analysts forecast that eXp World Holdings, Inc. will post 0.18 EPS for the current year.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, May 10th. eXp World’s dividend payout ratio (DPR) is currently -117.64%.

eXp World Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for eXp World (NASDAQ:EXPI)

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