Quest Partners LLC Has $790,000 Stake in eXp World Holdings, Inc. (NASDAQ:EXPI)

Quest Partners LLC lifted its position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 19.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,055 shares of the technology company’s stock after buying an additional 9,227 shares during the quarter. Quest Partners LLC’s holdings in eXp World were worth $790,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Millennium Management LLC raised its position in shares of eXp World by 91.7% in the 2nd quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock worth $15,544,000 after acquiring an additional 659,012 shares in the last quarter. Vanguard Group Inc. grew its stake in eXp World by 0.9% during the first quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock worth $125,093,000 after purchasing an additional 107,303 shares during the period. Renaissance Technologies LLC increased its holdings in eXp World by 6.0% in the second quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock worth $20,348,000 after purchasing an additional 101,600 shares in the last quarter. Copeland Capital Management LLC lifted its stake in eXp World by 2.4% in the third quarter. Copeland Capital Management LLC now owns 4,011,378 shares of the technology company’s stock valued at $56,520,000 after buying an additional 94,493 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of eXp World by 275.9% during the 2nd quarter. Algert Global LLC now owns 119,576 shares of the technology company’s stock worth $1,349,000 after buying an additional 87,766 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson boosted their target price on shares of eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, August 1st.

eXp World Stock Performance

EXPI stock opened at $13.25 on Friday. The stock’s 50 day simple moving average is $13.58 and its 200 day simple moving average is $12.57. The company has a market cap of $2.03 billion, a P/E ratio of -60.23 and a beta of 2.31. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $17.11.

eXp World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, November 18th. eXp World’s dividend payout ratio is currently -90.91%.

Insider Activity at eXp World

In other news, Director Randall D. Miles sold 30,000 shares of eXp World stock in a transaction dated 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 transaction, the director now directly owns 547,665 shares in the company, valued at $8,275,218.15. This trade represents a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Glenn Darrel Sanford sold 44,616 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $12.98, for a total transaction of $579,115.68. Following the sale, the chief executive officer now directly owns 40,975,681 shares of the company’s stock, valued at approximately $531,864,339.38. The trade was a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 637,907 shares of company stock valued at $8,622,482. 35.70% of the stock is owned by company insiders.

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.