Charles Schwab Investment Management Inc. Boosts Stake in Exp World Holdings, Inc. $EXPI

Charles Schwab Investment Management Inc. lifted its stake in Exp World Holdings, Inc. (NASDAQ:EXPI) by 16.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,639,766 shares of the technology company’s stock after purchasing an additional 228,103 shares during the period. Charles Schwab Investment Management Inc. owned 1.08% of Exp World worth $16,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXPI. Vanguard Group Inc. increased its stake in shares of Exp World by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company’s stock worth $121,004,000 after purchasing an additional 136,800 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Exp World by 77.9% in the 1st quarter. Allianz Asset Management GmbH now owns 265,027 shares of the technology company’s stock worth $2,592,000 after purchasing an additional 116,031 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Exp World in the 4th quarter worth $1,134,000. Northern Trust Corp increased its stake in shares of Exp World by 8.2% in the 4th quarter. Northern Trust Corp now owns 1,154,661 shares of the technology company’s stock worth $13,290,000 after purchasing an additional 87,966 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in Exp World in the 4th quarter worth $809,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exp World

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total transaction of $91,500.00. Following the completion of the transaction, the director owned 537,190 shares of the company’s stock, valued at $4,915,288.50. This represents 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. Over the last ninety days, insiders have sold 20,000 shares of company stock worth $192,695. 27.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Exp World Stock Performance

Shares of EXPI stock opened at $11.01 on Friday. Exp World Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $15.39. The firm has a market capitalization of $1.73 billion, a PE ratio of -55.05 and a beta of 2.52. The stock has a fifty day simple moving average of $10.00 and a two-hundred day simple moving average of $9.56.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings results 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). Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company posted $0.08 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 15th. Exp World’s dividend payout ratio is -100.00%.

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.