38,500 Shares in eXp World Holdings, Inc. (NASDAQ:EXPI) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 38,500 shares of the technology company’s stock, valued at approximately $598,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. raised its stake in eXp World by 6.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 14,738 shares of the technology company’s stock worth $229,000 after acquiring an additional 923 shares in the last quarter. Arizona State Retirement System increased its stake in eXp World by 4.5% in the third quarter. Arizona State Retirement System now owns 21,845 shares of the technology company’s stock valued at $355,000 after purchasing an additional 945 shares during the period. SG Americas Securities LLC increased its stake in eXp World by 2.1% in the fourth quarter. SG Americas Securities LLC now owns 51,496 shares of the technology company’s stock valued at $799,000 after purchasing an additional 1,082 shares during the period. Exchange Traded Concepts LLC increased its stake in eXp World by 28.9% in the third quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,156 shares during the period. Finally, Blue Trust Inc. increased its stake in eXp World by 201.3% in the fourth quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,955 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. TheStreet lowered shares of eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th. DA Davidson dropped their price objective on shares of eXp World from $13.00 to $11.75 and set an “underperform” rating on the stock in a research note on Thursday.

eXp World Stock Up 1.5 %

Shares of NASDAQ:EXPI opened at $10.12 on Monday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -168.67 and a beta of 2.29. The firm’s 50-day simple moving average is $10.78 and its 200-day simple moving average is $12.61. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $25.39.

eXp World (NASDAQ:EXPI) last issued its earnings results on Thursday, February 22nd. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $983.05 million during the quarter, compared to analysts’ expectations of $944.40 million. eXp World had a negative net margin of 0.21% and a positive return on equity of 0.09%. On average, research analysts forecast that eXp World Holdings, Inc. will post 0.22 EPS for the current year.

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Thursday, March 7th. eXp World’s payout ratio is -333.33%.

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.