Atom Investors LP Makes New $237,000 Investment in eXp World Holdings, Inc. (NASDAQ:EXPI)

Atom Investors LP bought a new stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,794 shares of the technology company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPI. Price T Rowe Associates Inc. MD raised its holdings in shares of eXp World by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,126 shares of the technology company’s stock worth $663,000 after purchasing an additional 2,845 shares during the period. QRG Capital Management Inc. purchased a new stake in eXp World during the second quarter valued at about $135,000. SG Americas Securities LLC lifted its holdings in eXp World by 71.0% during the second quarter. SG Americas Securities LLC now owns 35,466 shares of the technology company’s stock valued at $400,000 after purchasing an additional 14,730 shares during the last quarter. Blue Trust Inc. lifted its holdings in eXp World by 585.1% during the second quarter. Blue Trust Inc. now owns 12,360 shares of the technology company’s stock valued at $128,000 after purchasing an additional 10,556 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in eXp World by 2.4% during the second quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the technology company’s stock valued at $440,000 after purchasing an additional 900 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

eXp World Stock Performance

Shares of EXPI opened at $13.63 on Thursday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -61.95 and a beta of 2.26. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $17.11. The stock’s 50-day simple moving average is $13.53 and its 200 day simple moving average is $12.67.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, November 18th. eXp World’s dividend payout ratio is presently -90.91%.

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 59,935 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $12.41, for a total transaction of $743,793.35. Following the sale, the chief executive officer now directly owns 40,882,685 shares in the company, valued at $507,354,120.85. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jian Cheng sold 18,750 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $258,937.50. The disclosure for this sale can be found here. Insiders have sold a total of 685,292 shares of company stock worth $9,399,887 over the last ninety days. Company insiders own 35.70% of the company’s stock.

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.