eXp World Holdings, Inc. (NASDAQ:EXPI) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 9.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,411,663 shares of the technology company’s stock after buying an additional 123,314 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in eXp World were worth $16,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans grew its position in shares of eXp World by 3.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company’s stock worth $936,000 after acquiring an additional 2,126 shares in the last quarter. Entropy Technologies LP raised its stake in eXp World by 19.2% during the 4th quarter. Entropy Technologies LP now owns 14,920 shares of the technology company’s stock valued at $172,000 after acquiring an additional 2,400 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in eXp World in the 3rd quarter valued at about $34,000. SBI Securities Co. Ltd. acquired a new position in shares of eXp World during the fourth quarter valued at approximately $32,000. Finally, Arrowroot Family Office LLC raised its stake in shares of eXp World by 24.9% in the 3rd quarter. Arrowroot Family Office LLC now owns 21,537 shares of the technology company’s stock worth $303,000 after buying an additional 4,287 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

eXp World Stock Down 1.1 %

EXPI opened at $9.86 on Friday. The firm has a market cap of $1.50 billion, a PE ratio of -70.42 and a beta of 2.33. The business has a fifty day simple moving average of $10.64 and a 200-day simple moving average of $12.23. eXp World Holdings, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $15.39.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. On average, equities research analysts anticipate that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.03%. eXp World’s dividend payout ratio (DPR) is presently -142.86%.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.76, for a total value of $244,000.00. Following the transaction, the chief executive officer now owns 39,828,400 shares in the company, valued at approximately $388,725,184. This represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 311,630 shares of company stock valued at $3,387,961. Company insiders own 27.96% of the company’s stock.

Analyst Ratings Changes

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

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.