Intech Investment Management LLC Sells 133,383 Shares of Exp World Holdings, Inc. $EXPI

Intech Investment Management LLC reduced its position in Exp World Holdings, Inc. (NASDAQ:EXPI) by 62.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,894 shares of the technology company’s stock after selling 133,383 shares during the period. Intech Investment Management LLC owned 0.05% of Exp World worth $862,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EXPI. Jones Financial Companies Lllp raised its position in shares of Exp World by 73.4% in the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,516 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Exp World by 41.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Exp World by 387.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company’s stock valued at $101,000 after buying an additional 8,827 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Exp World in the second quarter valued at $114,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Exp World during the 2nd quarter worth $123,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Exp World Stock Down 4.3%

EXPI stock opened at $6.49 on Monday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -46.35 and a beta of 2.13. The firm has a 50 day moving average of $8.44 and a two-hundred day moving average of $9.93. Exp World Holdings, Inc. has a 12 month low of $6.45 and a 12 month high of $12.23.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Exp World had a negative net margin of 0.48% and a negative return on equity of 10.00%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) earnings per share. On average, research analysts expect that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 9th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.1%. Exp World’s dividend payout ratio is presently -142.86%.

Wall Street Analyst Weigh In

EXPI has been the subject of a number of recent research reports. DA Davidson set a $11.00 price objective on Exp World in a research report on Thursday, February 26th. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.00.

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.