Quest Partners LLC Purchases 19,073 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Quest Partners LLC raised its position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 68.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,828 shares of the technology company’s stock after purchasing an additional 19,073 shares during the quarter. Quest Partners LLC’s holdings in eXp World were worth $528,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Scarborough Advisors LLC purchased a new stake in shares of eXp World during the fourth quarter valued at approximately $31,000. Pineridge Advisors LLC bought a new position in eXp World in the 4th quarter valued at approximately $33,000. nVerses Capital LLC boosted its stake in eXp World by 102.2% during the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after purchasing an additional 4,600 shares during the last quarter. Precision Wealth Strategies LLC bought a new stake in shares of eXp World in the 1st quarter worth $113,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of eXp World by 29.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock worth $116,000 after purchasing an additional 1,681 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other eXp World news, CEO Glenn Darrel Sanford sold 20,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $10.74, for a total value of $214,800.00. Following the transaction, the chief executive officer now directly owns 41,474,292 shares in the company, valued at $445,433,896.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 558,990 shares of company stock valued at $7,092,815. 35.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on EXPI. DA Davidson lifted their price objective on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st. BTIG Research upgraded shares of eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd.

eXp World Trading Up 5.3 %

Shares of EXPI opened at $13.11 on Friday. The firm has a fifty day simple moving average of $12.66 and a two-hundred day simple moving average of $11.58. The firm has a market cap of $2.03 billion, a PE ratio of -77.12 and a beta of 2.29. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $18.85.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. As a group, research analysts forecast that eXp World Holdings, Inc. will post 0.09 EPS for the current fiscal year.

eXp World Announces Dividend

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 1.53%. The ex-dividend date was Wednesday, August 14th. eXp World’s dividend payout ratio (DPR) is presently -117.65%.

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.