Exp World Holdings, Inc. (NASDAQ:EXPI) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in Exp World Holdings, Inc. (NASDAQ:EXPI) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,538 shares of the technology company’s stock after purchasing an additional 6,495 shares during the quarter. Teacher Retirement System of Texas’ holdings in Exp World were worth $494,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Rossby Financial LCC acquired a new stake in Exp World in the first quarter worth about $51,000. Graney & King LLC acquired a new stake in Exp World in the fourth quarter worth about $58,000. Precision Wealth Strategies LLC lifted its holdings in Exp World by 26.3% in the first quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company’s stock worth $135,000 after purchasing an additional 2,867 shares during the period. Corton Capital Inc. acquired a new stake in Exp World in the fourth quarter worth about $139,000. Finally, Optimize Financial Inc acquired a new stake in Exp World in the fourth quarter worth about $148,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson set a $12.00 target price on Exp World and gave the stock a “buy” rating in a report on Friday, July 11th.

Insider Transactions at Exp World

In related news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total value of $91,500.00. Following the transaction, the director owned 537,190 shares of the company’s stock, valued at approximately $4,915,288.50. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Glenn Darrel Sanford sold 25,000 shares of Exp World stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $7.99, for a total value of $199,750.00. Following the completion of the transaction, the chief executive officer directly owned 39,628,400 shares in the company, valued at $316,630,916. This represents a 0.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,000 shares of company stock worth $1,058,400 in the last three months. 27.96% of the stock is currently owned by company insiders.

Exp World Stock Up 2.5%

NASDAQ:EXPI opened at $10.31 on Thursday. The business’s 50-day moving average price is $8.81 and its 200 day moving average price is $9.72. The firm has a market cap of $1.61 billion, a P/E ratio of -93.73 and a beta of 2.52. Exp World Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $15.39.

Exp World (NASDAQ:EXPI) last released its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The firm had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. Exp World had a positive return on equity of 1.85% and a negative net margin of 0.36%. Exp World’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) earnings per share. Sell-side analysts expect that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, May 19th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a yield of 1.94%. Exp World’s dividend payout ratio is currently -181.82%.

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.