Headlands Technologies LLC Invests $145,000 in eXp World Holdings, Inc. (NASDAQ:EXPI)

Headlands Technologies LLC bought a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,841 shares of the technology company’s stock, valued at approximately $145,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nordea Investment Management AB raised its holdings in eXp World by 49.3% during the 1st quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock worth $4,326,000 after purchasing an additional 136,151 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of eXp World by 551.7% in the 1st quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock valued at $934,000 after acquiring an additional 76,536 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of eXp World during the first quarter valued at about $469,000. Quest Partners LLC bought a new position in shares of eXp World during the 4th quarter worth about $300,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of eXp World by 552.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock valued at $124,000 after buying an additional 10,195 shares during the period. 27.17% of the stock is owned by institutional investors.

Insider Transactions at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 40,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $14.48, for a total value of $579,200.00. Following the sale, the chief executive officer now directly owns 41,170,297 shares in the company, valued at approximately $596,145,900.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 558,990 shares of company stock worth $7,092,815 over the last quarter. Corporate insiders own 35.70% of the company’s stock.

eXp World Stock Performance

Shares of NASDAQ EXPI opened at $14.28 on Friday. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -84.00 and a beta of 2.29. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $18.25. The firm’s 50-day simple moving average is $12.73 and its 200 day simple moving average is $11.59.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. On average, sell-side analysts predict that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.40%. eXp World’s dividend payout ratio is presently -117.64%.

Wall Street Analyst Weigh In

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

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.