Nordea Investment Management AB Increases Stock Holdings in Exp World Holdings, Inc. $EXPI

Nordea Investment Management AB increased its holdings in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,937 shares of the technology company’s stock after buying an additional 4,645 shares during the period. Nordea Investment Management AB owned about 0.30% of Exp World worth $4,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position 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 valued at $6,086,000 after buying an additional 109,995 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Exp World by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company’s stock valued at $4,122,000 after buying an additional 9,619 shares in the last quarter. Voya Investment Management LLC lifted its position 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 valued at $576,000 after buying an additional 34,103 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Exp World by 941.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 369,855 shares of the technology company’s stock valued at $3,617,000 after buying an additional 334,347 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Exp World by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company’s stock valued at $121,004,000 after buying an additional 136,800 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Insider Activity

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $10.47, for a total value of $104,700.00. Following the completion of the sale, the director directly owned 507,190 shares of the company’s stock, valued at $5,310,279.30. This trade represents a 1.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 30,000 shares of company stock valued at $316,295. 27.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research note on Wednesday, October 8th. Finally, DA Davidson set a $12.00 price objective on Exp World and gave the company a “buy” rating in a research note on Friday, July 11th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Exp World Stock Up 0.1%

Shares of EXPI opened at $10.97 on Wednesday. Exp World Holdings, Inc. has a 52-week low of $6.90 and a 52-week high of $15.22. The company has a market capitalization of $1.72 billion, a PE ratio of -54.85 and a beta of 2.00. The stock has a fifty day simple moving average of $10.83 and a two-hundred day simple moving average of $9.76.

Exp World (NASDAQ:EXPI) last issued its earnings results 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). Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Exp World’s dividend payout ratio (DPR) is -100.00%.

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.