Intech Investment Management LLC Purchases 103,320 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Intech Investment Management LLC increased its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 150.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 171,872 shares of the technology company’s stock after buying an additional 103,320 shares during the quarter. Intech Investment Management LLC’s holdings in eXp World were worth $1,978,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EXPI. Pacer Advisors Inc. bought a new position in shares of eXp World in the 4th quarter worth $60,767,000. Baring Financial LLC bought a new position in eXp World during the 4th quarter valued at $5,222,000. Charles Schwab Investment Management Inc. lifted its stake in eXp World by 16.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock valued at $18,153,000 after acquiring an additional 183,823 shares in the last quarter. Algert Global LLC lifted its stake in eXp World by 147.6% during the 3rd quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock valued at $4,172,000 after acquiring an additional 176,509 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in eXp World during the 4th quarter valued at $1,657,000. 27.17% of the stock is currently owned by institutional investors.

eXp World Price Performance

NASDAQ EXPI opened at $9.86 on Friday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -70.42 and a beta of 2.33. eXp World Holdings, Inc. has a one year low of $9.20 and a one year high of $15.39. The business’s fifty day moving average is $10.64 and its 200-day moving average is $12.23.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, topping 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. Research 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 disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Tuesday, March 4th. eXp World’s dividend payout ratio (DPR) is currently -142.86%.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “neutral” rating and set a $13.50 target price on shares of eXp World in a research note on Friday, February 21st.

Insider Buying and Selling

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $11.52, for a total value of $288,000.00. Following the completion of the sale, the chief executive officer now owns 40,147,450 shares of the company’s stock, valued at approximately $462,498,624. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 311,630 shares of company stock valued at $3,387,961. 27.96% of the stock is owned by 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.