Northwestern Mutual Wealth Management Co. Purchases 16,370 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Northwestern Mutual Wealth Management Co. raised its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 627.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,979 shares of the technology company’s stock after purchasing an additional 16,370 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in eXp World were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in shares of eXp World in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in shares of eXp World in the 2nd quarter worth approximately $29,000. Scarborough Advisors LLC bought a new stake in eXp World during the 4th quarter worth approximately $31,000. Pineridge Advisors LLC acquired a new stake in eXp World during the 4th quarter valued at $33,000. Finally, nVerses Capital LLC raised its position in eXp World by 102.2% in 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. 27.17% of the stock is currently 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 dated Tuesday, October 8th. The stock was sold at an average price of $13.41, for a total value of $536,400.00. Following the transaction, the chief executive officer now owns 40,709,780 shares of the company’s stock, valued at approximately $545,918,149.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Glenn Darrel Sanford sold 40,000 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $13.41, for a total transaction of $536,400.00. Following the completion of the transaction, the chief executive officer now directly owns 40,709,780 shares in the company, valued at approximately $545,918,149.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Randall D. Miles sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total transaction of $453,300.00. Following the completion of the sale, the director now owns 547,665 shares in the company, valued at $8,275,218.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 705,241 shares of company stock worth $9,391,780 in the last three months. Insiders own 35.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on EXPI shares. DA Davidson increased their target price 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 raised shares of eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd.

eXp World Stock Up 0.2 %

Shares of EXPI opened at $12.98 on Friday. The stock’s fifty day simple moving average is $12.94 and its 200-day simple moving average is $11.91. The firm has a market capitalization of $2.01 billion, a PE ratio of -76.35 and a beta of 2.30. eXp World Holdings, Inc. has a 12-month low of $8.91 and a 12-month high of $17.11.

eXp World (NASDAQ:EXPI) last issued its 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS. Analysts anticipate that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s dividend payout ratio (DPR) is currently -117.65%.

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.