45,372 Shares in eXp World Holdings, Inc. (NASDAQ:EXPI) Acquired by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC purchased a new position in eXp World Holdings, Inc. (NASDAQ:EXPI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 45,372 shares of the technology company’s stock, valued at approximately $469,000.

Several other hedge funds have also recently added to or reduced their stakes in EXPI. Wellington Management Group LLP acquired a new position in eXp World in the third quarter worth approximately $3,771,000. Teachers Retirement System of The State of Kentucky grew its position in eXp World by 11.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,700 shares of the technology company’s stock worth $385,000 after purchasing an additional 2,400 shares in the last quarter. Vanguard Group Inc. grew its position in eXp World by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,017,564 shares of the technology company’s stock worth $195,165,000 after purchasing an additional 168,360 shares in the last quarter. Nordea Investment Management AB grew its position in eXp World by 8.8% during the 4th quarter. Nordea Investment Management AB now owns 276,242 shares of the technology company’s stock worth $4,257,000 after purchasing an additional 22,334 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in eXp World by 2.1% during the 4th quarter. SG Americas Securities LLC now owns 51,496 shares of the technology company’s stock worth $799,000 after purchasing an additional 1,082 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “neutral” rating and set a $11.75 target price on shares of eXp World in a research note on Friday, July 12th.

eXp World Trading Down 0.1 %

Shares of NASDAQ:EXPI traded down $0.02 during trading on Friday, reaching $13.93. 966,796 shares of the company traded hands, compared to its average volume of 1,127,008. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $25.39. The firm has a fifty day simple moving average of $11.53 and a 200 day simple moving average of $11.61.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The business had revenue of $943.10 million during the quarter, compared to analyst estimates of $893.24 million. During the same quarter in the previous year, the business earned $0.01 EPS. eXp World’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that eXp World Holdings, Inc. will post 0.18 EPS for the current fiscal year.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, May 10th. eXp World’s payout ratio is presently -117.64%.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 83,240 shares of eXp World stock in a transaction on Monday, July 15th. The shares were sold at an average price of $12.80, for a total value of $1,065,472.00. Following the completion of the sale, the chief executive officer now owns 41,371,052 shares of the company’s stock, valued at approximately $529,549,465.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 254,783 shares of company stock valued at $3,123,140. Insiders own 35.70% of the company’s stock.

eXp World Company 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.