Arrowroot Family Office LLC Increases Position in eXp World Holdings, Inc. (NASDAQ:EXPI)

Arrowroot Family Office LLC grew its holdings in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) by 24.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,537 shares of the technology company’s stock after buying an additional 4,287 shares during the quarter. Arrowroot Family Office LLC’s holdings in eXp World were worth $303,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of eXp World by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock valued at $125,093,000 after acquiring an additional 107,303 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of eXp World in the 3rd quarter worth approximately $519,000. Harbor Capital Advisors Inc. grew its stake in eXp World by 91.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company’s stock worth $1,642,000 after buying an additional 55,814 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of eXp World by 29.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 240,099 shares of the technology company’s stock worth $2,709,000 after acquiring an additional 55,031 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in eXp World by 6.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock worth $20,348,000 after buying an additional 101,600 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.41, for a total value of $720,500.00. Following the completion of the transaction, the chief executive officer now owns 40,389,080 shares of the company’s stock, valued at approximately $582,006,642.80. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $258,937.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 662,041 shares of company stock worth $9,022,804. Insiders own 35.70% of the company’s stock.

eXp World Trading Down 1.6 %

EXPI stock opened at $13.85 on Monday. The firm’s 50-day moving average is $13.55 and its two-hundred day moving average is $12.65. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -62.95 and a beta of 2.31. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $17.11.

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, November 18th. eXp World’s dividend payout ratio is presently -90.91%.

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.