Aigen Investment Management LP Decreases Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Aigen Investment Management LP decreased its position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 35.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,091 shares of the technology company’s stock after selling 18,184 shares during the quarter. Aigen Investment Management LP’s holdings in eXp World were worth $466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in eXp World by 0.9% during the first quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock worth $125,093,000 after purchasing an additional 107,303 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of eXp World by 2.4% in the 3rd quarter. Copeland Capital Management LLC now owns 4,011,378 shares of the technology company’s stock worth $56,520,000 after buying an additional 94,493 shares in the last quarter. Renaissance Technologies LLC grew its stake in eXp World by 6.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock valued at $20,348,000 after acquiring an additional 101,600 shares during the last quarter. Millennium Management LLC increased its holdings in eXp World by 91.7% during the 2nd quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock valued at $15,544,000 after acquiring an additional 659,012 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in eXp World by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 710,428 shares of the technology company’s stock worth $8,017,000 after acquiring an additional 36,569 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Analyst Upgrades and Downgrades

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

eXp World Price Performance

NASDAQ:EXPI opened at $13.56 on Friday. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $17.11. The firm has a 50 day simple moving average of $13.50 and a 200-day simple moving average of $12.49. The firm has a market cap of $2.08 billion, a PE ratio of -62.27 and a beta of 2.31.

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th 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 1.47%. The ex-dividend date is Monday, November 18th. eXp World’s dividend payout ratio is presently -90.91%.

Insider Transactions at eXp World

In other news, insider James Bramble sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $14.05, for a total transaction of $351,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn Darrel Sanford sold 59,935 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $12.41, for a total value of $743,793.35. Following the completion of the transaction, the chief executive officer now directly owns 40,882,685 shares in the company, valued at $507,354,120.85. This trade represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 635,891 shares of company stock worth $8,577,645 over the last quarter. 35.70% of the stock is currently owned by insiders.

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.