AMG National Trust Bank Makes New Investment in Exp World Holdings, Inc. $EXPI

AMG National Trust Bank acquired a new position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 111,495 shares of the technology company’s stock, valued at approximately $1,189,000. AMG National Trust Bank owned about 0.07% of Exp World at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada boosted its position in Exp World by 14.0% during the first quarter. Royal Bank of Canada now owns 212,604 shares of the technology company’s stock valued at $2,079,000 after purchasing an additional 26,118 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Exp World during the 1st quarter worth approximately $180,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Exp World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock worth $476,000 after purchasing an additional 2,042 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Exp World by 126.7% in the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after buying an additional 506,121 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Exp World by 21.5% in the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock valued at $6,086,000 after buying an additional 109,995 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Stock Performance

Shares of EXPI stock opened at $7.51 on Monday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -62.58 and a beta of 2.12. Exp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $12.23. The company has a 50-day simple moving average of $8.99 and a 200 day simple moving average of $10.16.

Insider Buying and Selling

In other Exp World news, major shareholder Penny Sanford sold 117,179 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $12.04, for a total value of $1,410,835.16. Following the transaction, the insider directly owned 26,731,114 shares of the company’s stock, valued at $321,842,612.56. This represents a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Randall D. Miles sold 10,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $11.20, for a total value of $112,000.00. Following the transaction, the director owned 487,190 shares in the company, valued at $5,456,528. The trade was a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 27.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXPI. DA Davidson lowered their target price on shares of Exp World from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Friday. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Exp World in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Exp World currently has a consensus rating of “Hold” and an average price target of $11.50.

About Exp World

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.