Arrowroot Family Office LLC Purchases 4,287 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI)

Arrowroot Family Office LLC lifted its holdings in 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 purchasing an additional 4,287 shares during the period. Arrowroot Family Office LLC’s holdings in eXp World were worth $303,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EXPI. Millennium Management LLC grew its position in shares of eXp World by 91.7% in the second quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock valued at $15,544,000 after purchasing an additional 659,012 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in eXp World by 16.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock valued at $18,153,000 after purchasing an additional 183,823 shares during the period. Algert Global LLC grew its holdings in eXp World by 147.6% in the 3rd quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock valued at $4,172,000 after buying an additional 176,509 shares during the last quarter. FMR LLC increased its position in eXp World by 4,338.7% in the 3rd quarter. FMR LLC now owns 123,885 shares of the technology company’s stock worth $1,746,000 after buying an additional 121,094 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of eXp World by 0.9% during the first quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock worth $125,093,000 after buying an additional 107,303 shares during the last quarter. 27.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Glenn Darrel Sanford sold 26,630 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.82, for a total transaction of $314,766.60. Following the completion of the transaction, the chief executive officer now directly owns 40,943,667 shares in the company, valued at approximately $483,954,143.94. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Randall D. Miles sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total transaction of $453,300.00. Following the completion of the sale, the director now directly owns 547,665 shares of the company’s stock, valued at $8,275,218.15. The trade was a 5.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 662,041 shares of company stock worth $9,022,804 in the last quarter. 35.70% of the stock is owned by corporate insiders.

eXp World Price Performance

NASDAQ EXPI opened at $13.85 on Monday. The company’s fifty day moving average is $13.55 and its two-hundred day moving average is $12.65. The firm 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 Dividend Announcement

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 $0.05 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.44%. eXp World’s payout ratio is currently -90.91%.

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.