Harbor Capital Advisors Inc. Has $685,000 Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Harbor Capital Advisors Inc. trimmed its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,703 shares of the technology company’s stock after selling 5,141 shares during the period. Harbor Capital Advisors Inc.’s holdings in eXp World were worth $685,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EXPI. Nordea Investment Management AB grew its stake in shares of eXp World by 49.3% during the 1st quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock worth $4,326,000 after acquiring an additional 136,151 shares in the last quarter. Quantbot Technologies LP lifted its position in eXp World by 551.7% during the 1st quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock worth $934,000 after buying an additional 76,536 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in eXp World during the 1st quarter worth about $469,000. Quest Partners LLC acquired a new position in shares of eXp World during the 4th quarter worth about $300,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of eXp World by 552.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock valued at $124,000 after acquiring an additional 10,195 shares during the last quarter. 27.17% of the stock is owned by institutional investors.

eXp World Stock Down 3.1 %

Shares of NASDAQ EXPI traded down $0.38 during mid-day trading on Wednesday, reaching $11.81. 824,039 shares of the company were exchanged, compared to its average volume of 1,078,423. The stock has a market capitalization of $1.83 billion, a P/E ratio of -69.88 and a beta of 2.34. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $24.79. The company’s 50-day simple moving average is $11.90 and its 200-day simple moving average is $11.58.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that eXp World Holdings, Inc. will post 0.18 EPS for the current year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, August 14th. eXp World’s payout ratio is -117.65%.

Analyst Upgrades and Downgrades

EXPI has been the subject of a number of analyst reports. BTIG Research upgraded eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd. DA Davidson boosted their target price on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $10.92, for a total transaction of $273,000.00. Following the sale, the chief executive officer now directly owns 41,513,393 shares of the company’s stock, valued at $453,326,251.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 384,783 shares of company stock valued at $4,870,440. 35.70% of the stock is currently owned by corporate insiders.

About eXp World

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.