QRG Capital Management Inc. Acquires 3,782 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

QRG Capital Management Inc. lifted its holdings in eXp World Holdings, Inc. (NASDAQ:EXPI) by 31.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,727 shares of the technology company’s stock after buying an additional 3,782 shares during the quarter. QRG Capital Management Inc.’s holdings in eXp World were worth $222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in shares of eXp World by 552.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after acquiring an additional 10,195 shares during the last quarter. Texas Permanent School Fund Corp raised its position in eXp World by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 67,302 shares of the technology company’s stock worth $695,000 after purchasing an additional 881 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in eXp World by 20.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 47,101 shares of the technology company’s stock worth $487,000 after buying an additional 8,069 shares in the last quarter. Sei Investments Co. boosted its position in eXp World by 13.3% in the 1st quarter. Sei Investments Co. now owns 98,877 shares of the technology company’s stock valued at $1,022,000 after buying an additional 11,612 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of eXp World by 25.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,613 shares of the technology company’s stock valued at $265,000 after buying an additional 5,260 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Price Performance

eXp World stock opened at $14.54 on Wednesday. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $17.11. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -66.43 and a beta of 2.31. The company’s 50 day simple moving average is $13.40 and its 200 day simple moving average is $12.45.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, November 18th. eXp World’s dividend payout ratio is currently -90.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd. DA Davidson lifted their price objective on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

Insider Buying and Selling

In other eXp World news, CEO Glenn Darrel Sanford sold 26,630 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.82, for a total value of $314,766.60. Following the completion of the transaction, the chief executive officer now directly owns 40,943,667 shares of the company’s stock, valued at approximately $483,954,143.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Glenn Darrel Sanford sold 26,630 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $11.82, for a total value of $314,766.60. Following the completion of the transaction, the chief executive officer now owns 40,943,667 shares in the company, valued at $483,954,143.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randall D. Miles sold 30,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total transaction of $453,300.00. Following the sale, the director now directly owns 547,665 shares of the company’s stock, valued at $8,275,218.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 560,891 shares of company stock valued at $7,502,395. 35.70% of the stock is owned by company insiders.

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.