QRG Capital Management Inc. raised its position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI – Free Report) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,267 shares of the technology company’s stock after purchasing an additional 1,424 shares during the quarter. QRG Capital Management Inc.’s holdings in Exp World were worth $148,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in EXPI. Public Employees Retirement System of Ohio grew 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 valued at $38,000 after purchasing an additional 1,032 shares during the period. Brooklyn Investment Group grew its stake in shares of Exp World by 880.8% during the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company’s stock valued at $47,000 after purchasing an additional 4,316 shares during the period. Rossby Financial LCC bought a new stake in shares of Exp World during the 1st quarter valued at about $51,000. Geneos Wealth Management Inc. grew its stake 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 valued at $62,000 after purchasing an additional 1,856 shares during the period. Finally, US Bancorp DE grew its stake 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 valued at $110,000 after purchasing an additional 10,586 shares during the period. 27.17% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $10.47, for a total transaction of $104,700.00. Following the completion of the transaction, the director directly owned 507,190 shares in the company, valued at approximately $5,310,279.30. The trade was a 1.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 30,000 shares of company stock worth $316,295. Insiders own 27.96% of the company’s stock.
Exp World Trading Down 2.0%
Exp World (NASDAQ:EXPI – Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share. Equities research analysts predict that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.
Exp World Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. Exp World’s payout ratio is -100.00%.
Analysts Set New Price Targets
EXPI has been the subject of a number of recent research reports. DA Davidson set a $12.00 price target on Exp World and gave the company a “buy” rating in a research note on Friday, July 11th. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. One investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.00.
Get Our Latest Stock Analysis on EXPI
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.
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