Copeland Capital Management LLC Raises Stake in eXp World Holdings, Inc. (NASDAQ:EXPI)

Copeland Capital Management LLC lifted its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,011,378 shares of the technology company’s stock after acquiring an additional 94,493 shares during the period. Copeland Capital Management LLC owned 2.59% of eXp World worth $56,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Everence Capital Management Inc. acquired a new stake in eXp World during the third quarter worth about $153,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $30,000. Blue Trust Inc. raised its position in shares of eXp World by 108.2% during the 3rd quarter. Blue Trust Inc. now owns 25,733 shares of the technology company’s stock valued at $363,000 after buying an additional 13,373 shares during the period. Handelsbanken Fonder AB lifted its holdings in eXp World by 16.0% in the third quarter. Handelsbanken Fonder AB now owns 31,100 shares of the technology company’s stock valued at $438,000 after acquiring an additional 4,300 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in eXp World by 73.3% in the third quarter. SG Americas Securities LLC now owns 61,457 shares of the technology company’s stock worth $866,000 after acquiring an additional 25,991 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $12.33, for a total value of $616,500.00. Following the completion of the transaction, the chief executive officer now owns 41,120,297 shares of the company’s stock, valued at $507,013,262.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $12.33, for a total value of $616,500.00. Following the sale, the chief executive officer now owns 41,120,297 shares of the company’s stock, valued at $507,013,262.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Randall D. Miles sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total value of $453,300.00. Following the transaction, the director now directly owns 547,665 shares of the company’s stock, valued at approximately $8,275,218.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 566,463 shares of company stock worth $7,512,270. Corporate insiders own 35.70% of the company’s stock.

eXp World Stock Down 0.3 %

Shares of NASDAQ EXPI opened at $12.71 on Tuesday. The business’s 50 day moving average is $13.08 and its two-hundred day moving average is $12.08. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $17.11. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -74.76 and a beta of 2.30.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the firm posted $0.06 EPS. eXp World’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that eXp World Holdings, Inc. will post 0.09 EPS for the current fiscal year.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s payout ratio is -117.65%.

eXp World 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.