Vanguard Group Inc. Buys 136,800 Shares of Exp World Holdings, Inc. $EXPI

Vanguard Group Inc. lifted its stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,372,635 shares of the technology company’s stock after acquiring an additional 136,800 shares during the quarter. Vanguard Group Inc. owned approximately 8.14% of Exp World worth $121,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Rossby Financial LCC bought a new stake in Exp World in the first quarter worth approximately $51,000. US Bancorp DE boosted its position in Exp World by 1,608.8% in the first quarter. US Bancorp DE now owns 11,244 shares of the technology company’s stock worth $110,000 after purchasing an additional 10,586 shares during the last quarter. Corton Capital Inc. purchased a new position in Exp World in the fourth quarter worth $139,000. Precision Wealth Strategies LLC boosted its position 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 last quarter. Finally, Stonebridge Capital Advisors LLC purchased a new position in Exp World in the fourth quarter worth $170,000. 27.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $12.00 target price on Exp World and gave the company a “buy” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $12.00.

Exp World Trading Down 0.2%

EXPI opened at $10.12 on Friday. The stock has a 50-day moving average price of $9.96 and a 200-day moving average price of $9.56. Exp World Holdings, Inc. has a 12-month low of $6.90 and a 12-month high of $15.39. The stock has a market capitalization of $1.59 billion, a P/E ratio of -50.60 and a beta of 2.52.

Exp World (NASDAQ:EXPI) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.Exp World’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, equities research analysts predict that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, August 15th. This represents a $0.20 annualized dividend and a yield of 2.0%. Exp World’s dividend payout ratio is currently -100.00%.

Insiders Place Their Bets

In related news, Director Randall D. Miles sold 8,700 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $10.10, for a total transaction of $87,870.00. Following the completion of the sale, the director directly owned 527,190 shares in the company, valued at $5,324,619. This represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 20,000 shares of company stock worth $192,695. Corporate insiders own 27.96% of the company’s stock.

Exp World Company 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.