Principal Financial Group Inc. Grows Stake in Exp World Holdings, Inc. (NASDAQ:EXPI)

Principal Financial Group Inc. increased its position in Exp World Holdings, Inc. (NASDAQ:EXPI) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 421,493 shares of the technology company’s stock after purchasing an additional 9,619 shares during the quarter. Principal Financial Group Inc. owned approximately 0.28% of Exp World worth $4,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Exp World by 9.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,411,663 shares of the technology company’s stock worth $16,248,000 after acquiring an additional 123,314 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Exp World in the fourth quarter worth about $1,134,000. Swiss National Bank increased its stake in Exp World by 1.9% during the fourth quarter. Swiss National Bank now owns 151,200 shares of the technology company’s stock worth $1,740,000 after acquiring an additional 2,800 shares during the last quarter. Intech Investment Management LLC increased its stake in Exp World by 150.7% during the fourth quarter. Intech Investment Management LLC now owns 171,872 shares of the technology company’s stock worth $1,978,000 after acquiring an additional 103,320 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Exp World during the 4th quarter worth approximately $507,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Insider Buying and Selling at Exp World

In other news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following the completion of the sale, the director owned 537,190 shares of the company’s stock, valued at approximately $4,915,288.50. The trade was a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn Darrel Sanford sold 25,000 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $7.99, for a total transaction of $199,750.00. Following the transaction, the chief executive officer directly owned 39,628,400 shares of the company’s stock, valued at $316,630,916. The trade was a 0.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,000 shares of company stock worth $1,058,400 in the last 90 days. Company insiders own 27.96% of the company’s stock.

Exp World Stock Performance

Exp World stock opened at $10.19 on Friday. Exp World Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $15.39. The firm has a 50 day moving average price of $8.86 and a 200 day moving average price of $9.71. The company has a market capitalization of $1.59 billion, a PE ratio of -92.64 and a beta of 2.52.

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

Exp World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, May 19th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.96%. Exp World’s payout ratio is -181.82%.

Wall Street Analyst Weigh In

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.

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.