Point72 Hong Kong Ltd Makes New Investment in eXp World Holdings, Inc. (NASDAQ:EXPI)

Point72 Hong Kong Ltd acquired a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,436 shares of the technology company’s stock, valued at approximately $34,000.

Other institutional investors have also modified their holdings of the company. CWA Asset Management Group LLC purchased a new stake in eXp World during the third quarter worth approximately $519,000. Harbor Capital Advisors Inc. increased its holdings in eXp World by 91.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company’s stock valued at $1,642,000 after purchasing an additional 55,814 shares in the last quarter. Dimensional Fund Advisors LP raised its position in eXp World by 29.7% in the second quarter. Dimensional Fund Advisors LP now owns 240,099 shares of the technology company’s stock valued at $2,709,000 after purchasing an additional 55,031 shares during the period. Renaissance Technologies LLC lifted its stake in shares of eXp World by 6.0% during 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. Finally, Algert Global LLC boosted its position in shares of eXp World by 147.6% in the third quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock worth $4,172,000 after buying an additional 176,509 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

eXp World Stock Performance

Shares of NASDAQ:EXPI opened at $13.90 on Wednesday. The business’s 50-day simple moving average is $13.54 and its 200 day simple moving average is $12.67. The company has a market cap of $2.13 billion, a P/E ratio of -63.18 and a beta of 2.26. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $17.11.

eXp World Announces Dividend

The company also recently announced 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. The ex-dividend date was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.44%. eXp World’s payout ratio is currently -90.91%.

Insider Activity

In other eXp World news, CEO Glenn Darrel Sanford sold 59,935 shares of eXp World stock in a transaction that occurred on 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. The trade was a 0.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jian Cheng sold 18,750 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $13.81, for a total transaction of $258,937.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 685,292 shares of company stock worth $9,399,887. 28.85% of the stock is currently 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.