Graney & King LLC Purchases Shares of 5,000 eXp World Holdings, Inc. (NASDAQ:EXPI)

Graney & King LLC purchased a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI) during the fourth quarter, Holdings Channel reports. The firm purchased 5,000 shares of the technology company’s stock, valued at approximately $58,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in eXp World in the fourth quarter valued at approximately $32,000. Point72 Hong Kong Ltd purchased a new stake in shares of eXp World during the 3rd quarter valued at $34,000. Sims Investment Management LLC acquired a new stake in shares of eXp World in the 4th quarter worth $121,000. CIBC Asset Management Inc purchased a new position in eXp World during the 4th quarter worth $122,000. Finally, Plato Investment Management Ltd increased its position in eXp World by 16,347.0% during the 4th quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company’s stock valued at $125,000 after buying an additional 10,789 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO Glenn Darrel Sanford sold 36,630 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $11.97, for a total value of $438,461.10. Following the sale, the chief executive officer now directly owns 40,172,450 shares of the company’s stock, valued at $480,864,226.50. This represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 336,630 shares of company stock worth $3,647,211. 27.96% of the stock is owned by company insiders.

eXp World Trading Down 1.4 %

NASDAQ:EXPI opened at $10.20 on Wednesday. The company’s 50 day moving average is $10.60 and its two-hundred day moving average is $12.21. The company has a market cap of $1.55 billion, a PE ratio of -72.85 and a beta of 2.33. eXp World Holdings, Inc. has a twelve month low of $9.20 and a twelve month high of $15.39.

eXp World (NASDAQ:EXPI) last released its earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share (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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, analysts expect that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 1.96%. The ex-dividend date was Tuesday, March 4th. eXp World’s dividend payout ratio (DPR) is -142.86%.

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.