EverSource Wealth Advisors LLC Sells 4,071 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

EverSource Wealth Advisors LLC trimmed its stake in eXp World Holdings, Inc. (NASDAQ:EXPI) by 26.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,540 shares of the technology company’s stock after selling 4,071 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in eXp World were worth $133,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EXPI. Amalgamated Bank raised its position in shares of eXp World by 6.1% in the 3rd quarter. Amalgamated Bank now owns 24,396 shares of the technology company’s stock worth $344,000 after purchasing an additional 1,412 shares during the last quarter. Principal Financial Group Inc. increased its stake in eXp World by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 400,286 shares of the technology company’s stock valued at $5,640,000 after purchasing an additional 15,024 shares in the last quarter. Entropy Technologies LP purchased a new position in eXp World in the third quarter worth about $176,000. Thrivent Financial for Lutherans lifted its stake in shares of eXp World by 3.3% in the third quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company’s stock worth $936,000 after buying an additional 2,126 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in shares of eXp World by 19.7% during the third quarter. Quest Partners LLC now owns 56,055 shares of the technology company’s stock valued at $790,000 after buying an additional 9,227 shares during the last quarter. 27.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

eXp World Price Performance

EXPI stock opened at $9.76 on Tuesday. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $15.39. The company has a market cap of $1.48 billion, a P/E ratio of -69.71 and a beta of 2.33. The stock’s fifty day moving average price is $10.72 and its 200-day moving average price is $12.28.

eXp World (NASDAQ:EXPI) last announced its earnings results on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. As a group, analysts expect that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 2.05%. eXp World’s dividend payout ratio is presently -142.86%.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 36,630 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $11.97, for a total transaction of $438,461.10. Following the completion of the transaction, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 311,630 shares of company stock valued at $3,387,961. 35.70% of the stock is owned by company insiders.

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.