Nuveen LLC Invests $5.52 Million in Exp World Holdings, Inc. $EXPI

Nuveen LLC purchased a new position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 564,749 shares of the technology company’s stock, valued at approximately $5,523,000. Nuveen LLC owned approximately 0.37% of Exp World at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EXPI. Charles Schwab Investment Management Inc. boosted its stake in shares of Exp World by 16.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,639,766 shares of the technology company’s stock worth $16,037,000 after acquiring an additional 228,103 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Exp World by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company’s stock worth $121,004,000 after acquiring an additional 136,800 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Exp World by 77.9% during the 1st quarter. Allianz Asset Management GmbH now owns 265,027 shares of the technology company’s stock worth $2,592,000 after acquiring an additional 116,031 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Exp World by 15.4% during the 1st quarter. Invesco Ltd. now owns 756,325 shares of the technology company’s stock worth $7,397,000 after acquiring an additional 100,808 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Exp World during the 4th quarter worth approximately $1,134,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Exp World Price Performance

Shares of Exp World stock opened at $11.08 on Tuesday. Exp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.39. The company has a market capitalization of $1.74 billion, a P/E ratio of -55.40 and a beta of 2.52. The business has a 50 day moving average price of $10.04 and a 200 day moving average price of $9.54.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data 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 company 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 revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, research analysts expect that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total value of $91,500.00. Following the completion of the transaction, the director directly owned 537,190 shares in the company, valued at approximately $4,915,288.50. The trade was a 1.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 20,000 shares of company stock valued at $192,695. Insiders own 27.96% of the company’s stock.

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.