Graham Capital Management L.P. Sells 5,580 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Graham Capital Management L.P. trimmed its holdings in eXp World Holdings, Inc. (NASDAQ:EXPI) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 40,872 shares of the technology company’s stock after selling 5,580 shares during the quarter. Graham Capital Management L.P.’s holdings in eXp World were worth $470,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EXPI. SBI Securities Co. Ltd. bought a new position in shares of eXp World during the 4th quarter valued at $32,000. Graney & King LLC bought a new position in eXp World during the fourth quarter valued at about $58,000. Sims Investment Management LLC acquired a new stake in shares of eXp World in the fourth quarter worth about $121,000. CIBC Asset Management Inc acquired a new stake in shares of eXp World in the fourth quarter worth about $122,000. Finally, Plato Investment Management Ltd boosted its stake in shares of eXp World by 16,347.0% during the 4th quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company’s stock worth $125,000 after acquiring an additional 10,789 shares in the last quarter. 27.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

eXp World Trading Up 0.6%

Shares of eXp World stock opened at $7.89 on Friday. The firm has a fifty day simple moving average of $9.16 and a 200-day simple moving average of $11.02. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -56.35 and a beta of 2.66. eXp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.39.

eXp World (NASDAQ:EXPI) last released its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The firm had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. As a group, research analysts predict that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 19th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 19th. This represents a $0.20 annualized dividend and a yield of 2.53%. eXp World’s payout ratio is -181.82%.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $11.02, for a total value of $275,500.00. Following the completion of the sale, the chief executive officer now directly owns 39,928,400 shares of the company’s stock, valued at $440,010,968. This represents a 0.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 300,000 shares of company stock worth $2,864,350 in the last 90 days. 27.96% of the stock is owned by company 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.