eXp World Holdings, Inc. (NASDAQ:EXPI) Position Increased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its position in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 354.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,974 shares of the technology company’s stock after purchasing an additional 1,540 shares during the period. SRS Capital Advisors Inc.’s holdings in eXp World were worth $31,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPI. Copeland Capital Management LLC lifted its holdings in shares of eXp World by 6.4% during the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock valued at $60,011,000 after buying an additional 232,321 shares during the last quarter. Invesco Ltd. lifted its stake in eXp World by 30.5% in the third quarter. Invesco Ltd. now owns 432,798 shares of the technology company’s stock valued at $7,029,000 after acquiring an additional 101,147 shares during the last quarter. Wellington Management Group LLP bought a new stake in eXp World in the third quarter worth approximately $3,771,000. Seven Eight Capital LP acquired a new position in shares of eXp World during the 3rd quarter worth $164,000. Finally, Vanguard Group Inc. raised its holdings in shares of eXp World by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,017,564 shares of the technology company’s stock valued at $195,165,000 after purchasing an additional 168,360 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EXPI shares. DA Davidson reissued an “underperform” rating and set a $11.75 target price on shares of eXp World in a research report on Thursday. TheStreet lowered eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th.

eXp World Price Performance

NASDAQ:EXPI opened at $11.62 on Friday. The company’s 50 day moving average is $10.72 and its 200-day moving average is $12.49. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $25.39.

eXp World (NASDAQ:EXPI) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The firm had revenue of $943.10 million for the quarter, compared to the consensus estimate of $893.24 million. During the same quarter last year, the firm posted $0.01 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts forecast that eXp World Holdings, Inc. will post 0.22 EPS for the current year.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Investors 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 dividend yield of 1.72%. eXp World’s dividend payout ratio is presently -117.64%.

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.