State of Wyoming Has $603,000 Stock Holdings in Exp World Holdings, Inc. $EXPI

State of Wyoming increased its holdings in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 38.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,608 shares of the technology company’s stock after buying an additional 17,091 shares during the period. State of Wyoming’s holdings in Exp World were worth $603,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Exp World by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company’s stock worth $121,004,000 after purchasing an additional 136,800 shares during the period. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $16,037,000 after purchasing an additional 228,103 shares in the last quarter. Northern Trust Corp increased its stake in Exp World by 2.6% during the 1st quarter. Northern Trust Corp now owns 1,184,663 shares of the technology company’s stock valued at $11,586,000 after purchasing an additional 30,002 shares in the last quarter. Invesco Ltd. increased its stake in Exp World by 15.4% during the 1st quarter. Invesco Ltd. now owns 756,325 shares of the technology company’s stock valued at $7,397,000 after purchasing an additional 100,808 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Exp World by 1.1% during the 4th quarter. Nuveen Asset Management LLC now owns 573,245 shares of the technology company’s stock valued at $6,598,000 after purchasing an additional 6,428 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Exp World news, Director Randall D. Miles sold 8,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $10.10, for a total transaction of $87,870.00. Following the sale, the director directly owned 527,190 shares of the company’s stock, valued at $5,324,619. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 20,000 shares of company stock worth $192,695 over the last quarter. 27.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $12.00 price target on shares of Exp World and gave the company a “buy” rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.00.

Exp World Price Performance

EXPI opened at $10.83 on Friday. The company’s 50-day moving average is $10.19 and its 200 day moving average is $9.56. Exp World Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $15.39. The firm has a market capitalization of $1.70 billion, a P/E ratio of -54.15 and a beta of 2.52.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. On average, equities research analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

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

About Exp World

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.