Robeco Institutional Asset Management B.V. Lowers Stock Holdings in eXp World Holdings, Inc. (NASDAQ:EXPI)

Robeco Institutional Asset Management B.V. decreased its position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 48.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,816 shares of the technology company’s stock after selling 2,620 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in eXp World were worth $44,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Copeland Capital Management LLC increased its holdings in shares of eXp World by 6.4% in the fourth quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock worth $60,011,000 after buying an additional 232,321 shares during the period. Invesco Ltd. increased its holdings in shares of eXp World by 30.5% in the third quarter. Invesco Ltd. now owns 432,798 shares of the technology company’s stock worth $7,029,000 after buying an additional 101,147 shares during the period. Wellington Management Group LLP purchased a new position in shares of eXp World in the third quarter worth about $3,771,000. Seven Eight Capital LP purchased a new position in shares of eXp World in the third quarter worth about $164,000. Finally, Vanguard Group Inc. increased its holdings in shares of eXp World by 1.4% in the third quarter. Vanguard Group Inc. now owns 12,017,564 shares of the technology company’s stock worth $195,165,000 after buying an additional 168,360 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

eXp World Price Performance

NASDAQ EXPI opened at $11.24 on Monday. The stock has a market capitalization of $1.74 billion, a PE ratio of -66.11 and a beta of 2.29. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $25.39. The business’s 50-day moving average is $10.72 and its 200 day moving average is $12.32.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $943.10 million for the quarter, compared to analysts’ expectations of $893.24 million. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS. As a group, equities research analysts anticipate that eXp World Holdings, Inc. will post 0.18 earnings per share for the current year.

eXp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Shareholders of record on Monday, May 13th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, May 10th. This represents a $0.20 annualized dividend and a yield of 1.78%. eXp World’s payout ratio is -117.64%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson reiterated an “underperform” rating and issued a $11.75 price objective on shares of eXp World in a report on Thursday, May 2nd. TheStreet cut eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th.

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.