Invesco Ltd. Boosts Holdings in Exp World Holdings, Inc. $EXPI

Invesco Ltd. boosted its position in Exp World Holdings, Inc. (NASDAQ:EXPI) by 15.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 756,325 shares of the technology company’s stock after buying an additional 100,808 shares during the period. Invesco Ltd. owned approximately 0.50% of Exp World worth $7,397,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Rossby Financial LCC purchased a new stake in shares of Exp World during the 1st quarter worth $51,000. US Bancorp DE boosted its position in shares of Exp World by 1,608.8% during the 1st 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 in the last quarter. Precision Wealth Strategies LLC boosted its position in shares of Exp World by 26.3% during the 1st 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 in the last quarter. Corton Capital Inc. purchased a new stake in shares of Exp World during the 4th quarter worth $139,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Exp World during the 1st quarter worth $197,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction on Tuesday, June 10th. The stock was 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. The trade was a 1.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 20,000 shares of company stock worth $192,695. Insiders own 27.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Exp World Stock Up 0.6%

NASDAQ:EXPI opened at $11.08 on Tuesday. The company has a market capitalization of $1.74 billion, a PE ratio of -55.40 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. The stock has a fifty day simple moving average of $10.04 and a 200-day simple moving average of $9.54.

Exp World (NASDAQ:EXPI) last released its quarterly earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.13). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. As a group, equities analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid 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 payout ratio is -100.00%.

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.