State of Alaska Department of Revenue Boosts Holdings in Exp World Holdings, Inc. $EXPI

State of Alaska Department of Revenue grew its position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,116 shares of the technology company’s stock after purchasing an additional 4,321 shares during the period. State of Alaska Department of Revenue’s holdings in Exp World were worth $465,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Exp World by 32.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,191 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,032 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Exp World during the 2nd quarter worth about $348,000. Baring Financial LLC boosted its stake in shares of Exp World by 0.4% during the 2nd quarter. Baring Financial LLC now owns 455,056 shares of the technology company’s stock worth $4,141,000 after purchasing an additional 1,689 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Exp World by 21.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock worth $6,086,000 after purchasing an additional 109,995 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Exp World by 137.5% during the 1st quarter. Voya Investment Management LLC now owns 58,906 shares of the technology company’s stock worth $576,000 after purchasing an additional 34,103 shares during the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXPI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research note on Wednesday. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, 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 research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Exp World Stock Performance

EXPI opened at $10.89 on Thursday. The company’s 50 day simple moving average is $10.71 and its 200 day simple moving average is $9.71. Exp World Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $15.22. The stock has a market capitalization of $1.71 billion, a PE ratio of -54.45 and a beta of 2.00.

Exp World (NASDAQ:EXPI) last released its 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 company had revenue of $1.31 billion during 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%.Exp World’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. As a group, sell-side analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. Exp World’s payout ratio is -100.00%.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $10.47, for a total transaction of $104,700.00. Following the transaction, the director directly owned 507,190 shares of the company’s stock, valued at $5,310,279.30. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 30,000 shares of company stock worth $316,295 over the last 90 days. 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.