Rhumbline Advisers Buys 8,747 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Rhumbline Advisers increased its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 16.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,358 shares of the technology company’s stock after purchasing an additional 8,747 shares during the period. Rhumbline Advisers’ holdings in eXp World were worth $2,456,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EXPI. Dimensional Fund Advisors LP increased its position in shares of eXp World by 141.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 83,179 shares of the technology company’s stock worth $5,250,000 after purchasing an additional 48,756 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of eXp World by 101.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the technology company’s stock worth $308,000 after purchasing an additional 3,409 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of eXp World by 88.5% in the first quarter. The Manufacturers Life Insurance Company now owns 29,716 shares of the technology company’s stock worth $1,354,000 after purchasing an additional 13,955 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of eXp World by 125.4% in the first quarter. Victory Capital Management Inc. now owns 50,299 shares of the technology company’s stock worth $2,291,000 after purchasing an additional 27,988 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of eXp World by 103.9% in the first quarter. Alliancebernstein L.P. now owns 63,283 shares of the technology company’s stock worth $2,883,000 after purchasing an additional 32,253 shares during the last quarter. Institutional investors own 20.98% of the company’s stock.

NASDAQ:EXPI opened at $44.12 on Wednesday. The firm has a market cap of $6.46 billion, a PE ratio of 105.05 and a beta of 2.89. eXp World Holdings, Inc. has a fifty-two week low of $18.38 and a fifty-two week high of $90.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.64 and a current ratio of 2.64. The business has a 50 day moving average price of $43.21 and a 200-day moving average price of $39.60.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Wednesday, August 4th. The technology company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. The firm had revenue of $999.89 million during the quarter, compared to analyst estimates of $728.82 million. eXp World had a return on equity of 45.37% and a net margin of 2.34%. The business’s quarterly revenue was up 182.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Research analysts predict that eXp World Holdings, Inc. will post 0.4 EPS for the current year.

The business also recently disclosed a — dividend, which was paid on Monday, August 30th. Stockholders of record on Monday, August 16th were paid a dividend of $0.04 per share. The ex-dividend date was Friday, August 13th. eXp World’s dividend payout ratio (DPR) is presently 19.05%.

A number of research analysts have commented on the stock. TheStreet upgraded shares of eXp World from a “c” rating to a “b” rating in a research report on Wednesday, August 18th. Berenberg Bank assumed coverage on shares of eXp World in a research report on Wednesday, July 21st. They set a “buy” rating and a $53.00 price target on the stock. DA Davidson increased their price target on shares of eXp World from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, August 5th. Zacks Investment Research upgraded shares of eXp World from a “sell” rating to a “hold” rating and set a $55.00 price target on the stock in a research report on Thursday, August 5th. Finally, UBS Group reiterated a “sell” rating on shares of eXp World in a research report on Tuesday, September 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.00.

In related news, CEO Jason Gesing sold 40,000 shares of the firm’s stock in a transaction on Friday, July 9th. The stock was sold at an average price of $37.95, for a total value of $1,518,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Randall D. Miles sold 15,000 shares of the firm’s stock in a transaction on Wednesday, July 14th. The stock was sold at an average price of $35.40, for a total value of $531,000.00. Following the completion of the sale, the director now directly owns 715,080 shares of the company’s stock, valued at approximately $25,313,832. The disclosure for this sale can be found here. In the last three months, insiders have sold 368,700 shares of company stock valued at $16,104,630. Insiders own 35.90% of the company’s stock.

eXp World Profile

eXp World Holdings, Inc operates as a cloud-based real estate brokerage firm. It focuses on the development and use of cloud-based technologies in order to grow an international brokerage without the burden of physical brick and mortar offices and redundant staffing costs. The firm offers software subscriptions to customers to access its virtual reality software platform through VirBELA.

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

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