Olympiad Research LP Sells 28,465 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Olympiad Research LP cut its position in eXp World Holdings, Inc. (NASDAQ:EXPI) by 73.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,381 shares of the technology company’s stock after selling 28,465 shares during the period. Olympiad Research LP’s holdings in eXp World were worth $119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of eXp World in the 3rd quarter valued at approximately $30,000. Point72 Hong Kong Ltd bought a new position in eXp World in the third quarter valued at approximately $34,000. CIBC Asset Management Inc acquired a new position in shares of eXp World in the fourth quarter valued at approximately $122,000. IHT Wealth Management LLC bought a new stake in shares of eXp World during the third quarter worth $145,000. Finally, Financial Advocates Investment Management raised its holdings in shares of eXp World by 9.6% during the third quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock worth $160,000 after acquiring an additional 1,000 shares during the period. 27.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

eXp World Stock Performance

NASDAQ EXPI opened at $10.20 on Tuesday. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $15.39. The stock’s 50 day moving average price is $11.34 and its two-hundred day moving average price is $12.55. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -72.85 and a beta of 2.29.

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

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.96%. eXp World’s dividend payout ratio is -142.86%.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $13.00, for a total transaction of $650,000.00. Following the completion of the transaction, the chief executive officer now directly owns 40,289,080 shares of the company’s stock, valued at approximately $523,758,040. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 386,511 shares of company stock worth $4,620,811 in the last quarter. Corporate insiders own 35.70% of the company’s stock.

eXp World 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.